{quote} GU No fire works ? Abandon this and come back for FOMC ?{image}
This is very lucky trade by luck. Very slow spike coz waititng for Kwarteng to say something...
Common GU one spike to Liquiwd, before FOMC team arrives....
TA
The only way for price to go up is by seller helping to fuel it upthrust.
The most probable cause of up move from here I could think of just because it lack liquidity, so a leg up to lure buyer and provide liquidity for another journey south. Liquidity grab at top of the H4 leg present
Seller are not sure if there is no buyer below because it was new area, plus it was nice to load short higher.
By pushing price above they will reduce buyer below.
This process start by pumping price and make buyer jump in so they wont miss the start of a bullish trend.
Locking buyer above will make their buying power weaken below, and pushing below their SL would add momentum below or simply liquidity for seller to exit their position.
Closing short (by SL) here would create too much demand for buyer to add position, and seller would be in net loss.
Micro : don't read this part (not important)
Chancellor Kwarteng: authorized increase in BoE asset purchase facility by 100 bln pounds to 966 bln pounds to accommodate temporary gilt purchase programme
Might be the next 3 hours if the BoE and the Gov keep challenging each other and no-one backs down!
This is a bearish news. Means that the problem is really bad.
I'm sure the hedge funds will be very happy that the Chancellor has again given notice in advance of the next major financial calamity
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
, keeping original running ...
