FX.co ★ jerome82 | EUR/JPY

The superiority of sellers in the long term remains the decisive factor influencing the choice of trading approach. Based on the chart, the bulls are in a difficult situation. In the current conditions, using long positions in trading is not recommended, even though several long signals are appearing. But for selling, the conditions are excellent. Right now, the best decision is to wait for the corrective wave to play out and then enter a short position. I will open a new sell order on EUR/JPY after an upward move and the realization of accumulation in the gradation range T1 located above 184.06. It is an excellent area for selling. The potential profit size will be 1.6 times greater than the possible loss. A value below one filters out a potential trade. In this case, everything fits. I plan to hold the expected trades to the second speculative area located between 183.26 and 182.84. If the bulls manage to push the price above 185.28, I will have to lock in the loss. When global trends change, it is better to stay out of the market.