It is strange. I think that there are many expectations for a corection, but we can`t realy see it. Way? It is because big players are drying up all supply that occur on the table. And we get more of a consolidation. You should know that in order to accumulate big size of positions, it needs supply, or the price will move up. It would give bad fills, also a worse price for themselfs. (I talk about very big size)What they do is, they are buying in to corections or news that goes against the trend. If everibody will know too clearly that big players are buying, they will buy as well and it will become imposible to get positions accumulated at good price. And i believe this is what we are seeing(just my opinion), I take it as a trend strength and continuation sign.
Anyway I will open a hedge at 1.3635 for my long positions of about 60 persent in case the price begin to corect more. Then it may reach 1.35 or even 1.34 levels.
Anyway I will open a hedge at 1.3635 for my long positions of about 60 persent in case the price begin to corect more. Then it may reach 1.35 or even 1.34 levels.