DislikedThe EU Hammer Every time I see the EU chart, I'm more convinced that yesterday was the most perfect move by MM's since I'm trader. Just remember this post. EU will be like a hammer and I would not discard 1.20-1.15 at the end of the year. Of course, this is long-term. But winter is coming. In the chart I attach, you can see the initial sell off and then how the price is being pushed up almost 500pips. After that, we can see the biggest volume in 1h chart since September 2012 (at least in my broker). Eurozone will face a very chaotic situation. This...Ignored
Sonicers, on M15 note the clear PVSRA bear signal; a move above the half number SR followed by exceptionally high activity which drove the price soundly down. Also note that now, in the late hours of a Friday, when the MMs should be hiking prices for higher shorting since nobody is around to stop them, they have not hiked much. But when they did, you can still see slight increase in activity (black lines in volume window). It could be there are slim pickins' now for the MMs wanting more shorts because stupid longs to provide liquidity are getting more scarce.