DislikedEURJPY: The Day chart shows the MMs hiked the price above a whole number and then whacked it quickly down 200+ pips to below a whole number. And this whacking took the price all the way down thru an established 200 pips range, where likely there were a lot of pending long orders! This is speculation on my part, but based on first the hike and where the move down landed, and the fact that the entire range of the move was quickly thru a price area lucrative with pending orders that were most likely long orders on which the MMs,.....triggering them,...Ignored
Don't blame the tools. Blame the carpenter.