DislikedEURUSD Is bearish, and very much appears to have more to go..........and for a good reason: there is a very popular area further below that SM may have placed their orders to close sell positions. If so, the MMs will eventually put PA down there to fill those orders. And that will give SM no less than 500 pips profit for those that sold in the top area shown on the chart. {image}Ignored
Newcomers thinks this is crazy, but we've seen these types of plays so many times haven't we. I still remember the swiss frank black swan as clear as day when you're thinking there's a glitch on the charts (looks like a cliff, literally). Boy was I lucky to be on the right side that day. FXCM, the biggest US broker at the time, got saved with a 300M loan, but later never recovered. Even if you had a stop loss, it can't get triggered due to dried up liquidity. Even then, margin call is not fast enough to get you out of trouble. Rough day.
insanity: Doing the same thing over... and expecting different results -AE
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