GBPJPY Trade Stalk
This one is interesting because there are several more GBP high impact releases tomorrow. And today we see the MMs retraced the price upwards in both the AS and the early LS. And now it is being retraced up in the US session.
There is no telling how many more times or how high these Robber Bank MMs will retrace the price ahead of, or during those releases, but this is smelling more and more like a bear preparing to run. This up and down price action while the range is less than half normal looks to me like the MMs are manipulating the price for shorting liquidity,.....sucking in shorts and then stopping them out. Time will tell.
This one is interesting because there are several more GBP high impact releases tomorrow. And today we see the MMs retraced the price upwards in both the AS and the early LS. And now it is being retraced up in the US session.
There is no telling how many more times or how high these Robber Bank MMs will retrace the price ahead of, or during those releases, but this is smelling more and more like a bear preparing to run. This up and down price action while the range is less than half normal looks to me like the MMs are manipulating the price for shorting liquidity,.....sucking in shorts and then stopping them out. Time will tell.