Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.So what are the signals?Strong Short 66% Retail LongsShort 60% Retail LongsLong 60% Retail ShortsStrong Long 66% Retail ShortsWe are looking for 60%+ (Ideally for best opportunities 66%+) of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair. The pairs that we feel offer the highest opportunity for success are described in the Strong Short and Strong Long areas.What’s New Today? Most currencies remain in the neutral zone. EURJPY edges its way into the short zone.Provided by Pivotfarm http://www.pivotfarm.com/
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