Hi CookieMonsta
yes, E/U is in congestion --acc/dis-- at this point no telling which way it may go, need price to lead/show legs, the stops are another very good clue as to what they are maybe intending to do, you are correct for anyone to buy or sell in the market there MUST be someone on the other side to take the trade, understanding this help get into the big boys and MM's mindset of what they HAVE to do to process the bigger trades.
we can see there has been some profit taking in the USD index too, then what may be a stop run to offload the rest of the trade??? too early to tell if a game changer yet.
regards
Phil.
yes, E/U is in congestion --acc/dis-- at this point no telling which way it may go, need price to lead/show legs, the stops are another very good clue as to what they are maybe intending to do, you are correct for anyone to buy or sell in the market there MUST be someone on the other side to take the trade, understanding this help get into the big boys and MM's mindset of what they HAVE to do to process the bigger trades.
we can see there has been some profit taking in the USD index too, then what may be a stop run to offload the rest of the trade??? too early to tell if a game changer yet.
regards
Phil.
-be careful about what you allow to be put in your mind-