Disliked{quote} of course you dont need to know where the market is going to make money...but this situation with gbpusd, looks like play, to make more pain for shorts, and encourage buyers to believe..Ignored
I prefer to have a destination- but sometimes its candlesticks that get in the way
but this situation with gbpusd, looks like play, to make more pain for shorts, and encourage buyers to believe
I believe its mainly its dollar selling (because bond holders looking for new destinations for their cash due to the rubbish yields they are getting on US Treasuries (according to Goldman Sachs)).
No macro - no trade