DislikedLast weekend I mentioned there was likely 2% size doji around 1.08. That was with expectation that no one tries to do breakout trades in a ranging market, below bear trap level (~1.096). So bears trapped yet again. EUR/AUD looks like a bit too perfect short in every way. There's probably short term pressure to upside and if it persists, we might see whether big boys are still shorting the eur. (just popped up as I typed this)Ignored
DislikedBelow 1.106 lies a tarp... lots of bears got tarpped last time it went down, opening short and then getting sudden run up is how it works. Misspelt so you remember.Ignored
Bull trap bear trap what's not a tarp