AUDUSD:
Sonicers, be watchful of this one, bullish or bearish?
Personally, I am suspicious of that spike down. I do not think that was a Stop Hunt on longs. I think that was a prelim to a reversal to bear, where the Robber Bank MMs were closing longs and also went down the queue triggering pending long orders so they could obtain initial liquidity for shorting.
Now, I could be wrong. I have been before. And here I am suggesting AU is bearish while having already suggested EU is bullish. My only other explanation for such contradictory suggestions is that the Robber Banks have been highly manipulative of prices going into the summer, and they may have miscalculated and need to "adjust" things now. Or, in other words, in their greed they screwed up again, and now they are having to try to cover their asses in a multi-trillion dollar a day market that they manage.
Well, time will tell. Tomorrow - and if not then, then next week - will be interesting, because these rotten Robber Banks control price. See how they take EU up and down in a range - news, no news, regardless of news! - while building a position. Now ask yourself, if these Robber Banks are bulls on AU also, then why did they not conclude today by taking the price back down for more accumulation of longs, just as they did with EU? The answer could be that these Robber Banks are supporting the price above the whole number while building short positions.
WARNING: Speculation here.
Sonicers, be watchful of this one, bullish or bearish?
Personally, I am suspicious of that spike down. I do not think that was a Stop Hunt on longs. I think that was a prelim to a reversal to bear, where the Robber Bank MMs were closing longs and also went down the queue triggering pending long orders so they could obtain initial liquidity for shorting.
Now, I could be wrong. I have been before. And here I am suggesting AU is bearish while having already suggested EU is bullish. My only other explanation for such contradictory suggestions is that the Robber Banks have been highly manipulative of prices going into the summer, and they may have miscalculated and need to "adjust" things now. Or, in other words, in their greed they screwed up again, and now they are having to try to cover their asses in a multi-trillion dollar a day market that they manage.
Well, time will tell. Tomorrow - and if not then, then next week - will be interesting, because these rotten Robber Banks control price. See how they take EU up and down in a range - news, no news, regardless of news! - while building a position. Now ask yourself, if these Robber Banks are bulls on AU also, then why did they not conclude today by taking the price back down for more accumulation of longs, just as they did with EU? The answer could be that these Robber Banks are supporting the price above the whole number while building short positions.
WARNING: Speculation here.