> There were a lot of buyers, which took this price at this level.
> Now the buyers need to clear their profits by handling them to buyers at this position and shorting the market back to its original trend.
> Currently EU is sold out of its previously bought long positions by big institutions(BIGGIES).
> After clearly of positions it might get bought to touched the down trend line above.
> From there it will fall again.
> If this is not the case and price reverses, then SELLING is suitable because that will drive the price further down, because of NEW SHORT positions.
> the price will come little below the current small structure here and touch the upper trendline which will make many buyers enter in this trade, further driving the price up.
> exit targets are fixed yet but it will reach up to the resistance that it made with its last move.
> the price touches the 50-MA in 1h timeframe and beingin the downtrend will usually bring the price down bringing new bears.
>new bears will most probably drive to the support down, which makes it our target to exit.
> gbpjpy has broken 4h 100MA and has entered the position where bears can enter.
> Old shorts were being clear during this correction period; bears will again short the pair.
> in 1h period it has touched the 100MA and fell down. NEW BEARS will short here.
> $h touched the upper 100 MA, where the old bulls will unload their bulls and new bears will load up.
>this sudden bull move hit many trailing stop losses and would end up moving toward the initial short move.
> you can observe AUDCHF getting sold by big institutions near the 100-MA.
> this makes it clear that the support under will get broken in some time. and will move towards 78.6 retracement level.
> downside: you'll lose 12 pips off this trade if you hit SL.
> USDINR touched the upper 100-MA and it is tumbling down which will attract new short positions.
> 70.6 seems the first target to aim at.
> downside is, if the price gets above the MA it might lose the momentum.