Disliked{quote} EURUSD Closed 3 positions out of 10. Your scenario is more likely considering lowering the price in AS. And maybe additional lowering during early LS. {image} (This is demo, but kind of reflects my positions on Plus500 and Avatrade)Ignored
You could be right. Remember, however, the market is all about liquidity. So, any substantial downside will likely happen only if there are short orders down lower for the MMs to go down the price queue and trigger.......as an excuse to take the price lower, because if there are not pending short orders lower, than any move down would be pure, unadulterated MM thieving! Ops, gee, I guess that COULD happen!
But, at this point it might depend on if the market is largely aware of things, making it very unprofitable for the MMs to risk taking the price really low. Because if they do, they might end up having to be the counter-party to a sudden influx of long orders. Not what they want, for sure!