Dear oh dear, one can always count on FF for lots of drama. Who needs Coronation Street or Emmerdale!
Anyway, this is all fascinating stuff regarding money flow. What I watch for on an intraday basis is a strong move, usually at the start or end of a trading session which is obviously a liquidity hunt by the banks/institutions - SL's are taken out and buy/sell stops are triggered only for the price to shoot back up/down again. Or of course it could be to give some unknown big players a better price if there are no buyers/sellers at the present level. We nice examples today. For instance - EURJPY (start of European session) and EURCAD (start of NY session)
Anyway, this is all fascinating stuff regarding money flow. What I watch for on an intraday basis is a strong move, usually at the start or end of a trading session which is obviously a liquidity hunt by the banks/institutions - SL's are taken out and buy/sell stops are triggered only for the price to shoot back up/down again. Or of course it could be to give some unknown big players a better price if there are no buyers/sellers at the present level. We nice examples today. For instance - EURJPY (start of European session) and EURCAD (start of NY session)
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