Hi everyone!
I've been following GBPUSD for the past 3 days and they just hit my ADR high. The way I see it, the intraday trend is exhausted, and so the market maker is holding price high in order to induce buyers that are just waking up in the US session. It's a common narrative that the market will pump or dump to jam volumes or orders at the beginning or end of sessions. It's what many retail traders perceive as "momentum" but its not a herd-driven buyout, its a deliberate tactic to get traders emotional, irrational, and pile in the wrong way. Do you notice how sideways price has become? Yes, it's flashing up, and its flashing down, the tick chart is running mad. But because the market maker has established value, and is very likely taking on a high volume of buyers right now. I'm selling. This is just my analysis.
I've been following GBPUSD for the past 3 days and they just hit my ADR high. The way I see it, the intraday trend is exhausted, and so the market maker is holding price high in order to induce buyers that are just waking up in the US session. It's a common narrative that the market will pump or dump to jam volumes or orders at the beginning or end of sessions. It's what many retail traders perceive as "momentum" but its not a herd-driven buyout, its a deliberate tactic to get traders emotional, irrational, and pile in the wrong way. Do you notice how sideways price has become? Yes, it's flashing up, and its flashing down, the tick chart is running mad. But because the market maker has established value, and is very likely taking on a high volume of buyers right now. I'm selling. This is just my analysis.
Discouragement is the language of the devil. Results over hype
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