Disliked{quote} Just be careful it dont catch you asleep at the wheel ,,,,,,those buyers over on the left they didnt miss on purpose ,,,, not saying thats what it is but have seen it several times on this trend up ,,just be diligent . {image}Ignored
Why price failed to make higher highs in this instance is because intrinsic value of EURUSD had collapsed. Either these buyer dont know how to calculate intrinsic value or have no idea what it is.
See the chart below. Black line represents the IV of EURUSD, the green line is what the pension funds think about the EUR.
Now you can see why its sold off like it did and why it was bought up again at the bottom edge. The pension funds dragged the price up this morning to make their target and then instantly sold off.
The green boxes where institutional target levels
Boxing clever since 76.
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