Some Market insights from this morning:
As I said yesterday, the move down yesterday happens 1 in 500 days and consolidation was not over. Now, unfortunately, it is over, consolidations if filled (and market has no bias in short term).
This morning the big boys made a fake move (see pic) to avoid more buyers and yes, they got me too. I was not going long, even my stats screamed long. I could see PA patterns before which indicated more short. As you can see the big boys just did the same as if they WOULD short the GBP/USD - instead they tried (people like me) to stay away from the buying market this morning to avoid that volume is taken away from them. Especially the 5 minute candle at 8:00 AM was a fake initiation.
Current Situation: As buyers, be really careful now. Sellers have new strength, new lows could happen now.
As I said yesterday, the move down yesterday happens 1 in 500 days and consolidation was not over. Now, unfortunately, it is over, consolidations if filled (and market has no bias in short term).
This morning the big boys made a fake move (see pic) to avoid more buyers and yes, they got me too. I was not going long, even my stats screamed long. I could see PA patterns before which indicated more short. As you can see the big boys just did the same as if they WOULD short the GBP/USD - instead they tried (people like me) to stay away from the buying market this morning to avoid that volume is taken away from them. Especially the 5 minute candle at 8:00 AM was a fake initiation.
Current Situation: As buyers, be really careful now. Sellers have new strength, new lows could happen now.
