Dislikedi've gotta say I don't really understand everybody's urge to short so soon...
the M1 , M5 , M15, M30 and 1H charts show the price above the 25-EMA and on the 1H it is even above the 50-EMA...
so soon to short... i'm waiting for more signals. too weak for the moment.Ignored
I think we are playing a game of paper profit chicken... large hedge funds seem to be sitting around the table, not wanting to go long, or even close out shorts...but worried if the guy sitting NEXT to him is spooked.... it'll cut back on the profits sitting in his account.
And eventually, somebody blinks. Seems like london was the blink.
And now... everyone gets more nervous...and does the obvious thing.
Not sure if we'll keep going... but, tahts they situation as I see it now.
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