AUDJPY long/short situation #11
Whenever we analyze a currency pair, we need to check what the longs and shorts are doing.
The classic situation is the following :
- When buyers are too long, its time to look for correction/reversal
- When sellers are too short, its time to look for correction/reversel
- Best setup is when both are in sync
Longs are decreasing quickly, while shorts are increasing. Both in extreme territory
Whenever we analyze a currency pair, we need to check what the longs and shorts are doing.
The classic situation is the following :
- When buyers are too long, its time to look for correction/reversal
- When sellers are too short, its time to look for correction/reversel
- Best setup is when both are in sync
Attached Image
Attached Image
Longs are decreasing quickly, while shorts are increasing. Both in extreme territory
COT: The precious data ignored
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