Beware!
EURAUD, EURNZD, GBPAUD, GBPNZD......all look like short squeeze in play.....possible prelude to change of trends from bull to bear.
GBPJPY is getting WHACKED.....possible shakeout of longs as prelude to change of trend from bear to bull.
Sometimes all is well, trends angled and stacked and price breaks out. Sometimes not, all is haywire....time for your discipline to kick in and you sit on your hands. Not every day goes our way. Not every day do the MMs give us what we require.
EURAUD, EURNZD, GBPAUD, GBPNZD......all look like short squeeze in play.....possible prelude to change of trends from bull to bear.
GBPJPY is getting WHACKED.....possible shakeout of longs as prelude to change of trend from bear to bull.
Sometimes all is well, trends angled and stacked and price breaks out. Sometimes not, all is haywire....time for your discipline to kick in and you sit on your hands. Not every day goes our way. Not every day do the MMs give us what we require.
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