Profit taking here is expected. Remember EVERYONE said we would sell here, so anyone taking a long from below would jump ship here out of sheer prudence. Why be greedy?. Now let's get the greedy people back on board. Going long here will be exciting no? OOOOH.. how many more pips can we get?! 110? Almost. It is too obvious a target IMO, so just below it.
I could be wrong.. but if I were a Market Maker this is what I would do..
Notice the support at 38.6%
I could be wrong.. but if I were a Market Maker this is what I would do..
Notice the support at 38.6%
When you feel like you HAVE to trade is when you least should!
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