After stops out The Buyers, now The Market tends to go up again
Analysing Forex from The Market side & perspective.
This week in market opening hours USDJPY still in a sideway. but, it successfully stopped out buyer positions at 107.47 in last friday and then going back up for [b/]30 pips[b/]. There are accumulated seller positions at 107.90 in high trading volumes. This level has many traders stop losses because they believe that it will become a resistance level and The Market will continue to go down. However in The Market Perspective, after it stopped out buyers positions then it will continue to go up in a high volume to stop out the sellers positions. so, it is better to join The Buyers and catch the trend.
This week in market opening hours USDJPY still in a sideway. but, it successfully stopped out buyer positions at 107.47 in last friday and then going back up for [b/]30 pips[b/]. There are accumulated seller positions at 107.90 in high trading volumes. This level has many traders stop losses because they believe that it will become a resistance level and The Market will continue to go down. However in The Market Perspective, after it stopped out buyers positions then it will continue to go up in a high volume to stop out the sellers positions. so, it is better to join The Buyers and catch the trend.
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