Liquidity building on 15m above and bellow. Which direction do we get?
I am short since Frankfurt open, SL already at BE.
I am short since Frankfurt open, SL already at BE.
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DislikedBe carefull with shortpositions guys. From the info I got from a verry successful trader is the long uptrend from the euro not over. Take a look at these video from his channel. https://youtu.be/yCaWoWQW36c?si=s4k230sJMY9wdriFIgnored
DislikedAnalysis: On the H4 timeframe, the dashboard indicates a mixed signal from individual indicators. The Moving Averages (MA) are Neutral, while MACD and CCI are signaling SELL. Conversely, Stochastic and RSI show BUY signals. ADX suggests a Weak BUY, indicating limited bullish momentum from this indicator. The "Overall" analysis, which averages results across M5, M30, and H1 timeframes, points to a Strong SELL with a 43% conviction. This suggests a prevailing bearish sentiment across shorter timeframes, despite the mixed signals on the current H4...Ignored
DislikedJust sold 1.1776 based on H1: Candle close below 1.1772 created a restarter candle! {image}Ignored
Disliked{quote} I waited to see what bears will do but late hour and I don't want to keep this order while H1 candles to stay above 1.1776 so I got rid of it with BE..Ignored
Disliked{quote} Forex is estimated to trade around $6.6 trillion a day, with most trading concentrated on a few major pairs like EUR/USD, USD/JPY, GBP/USD and AUD/USD 15396.9+ 3826.24 = around 20K lots around 2000K approximate 2 Billion. Even if all retail join force and become one sided, still less than 1%. IF daily range is 200 pips, at most move 2 pips.Ignored
Disliked{quote} Forex is estimated to trade around $6.6 trillion a day, with most trading concentrated on a few major pairs like EUR/USD, USD/JPY, GBP/USD and AUD/USD 15396.9+ 3826.24 = around 20K lots around 2000K approximate 2 Billion. Even if all retail join force and become one sided, still less than 1%. IF daily range is 200 pips, at most move 2 pips.Ignored
Disliked{quote} Retail sentiment, doesn’t directly move the forex market due to its small volume relative to the $6.6 trillion daily turnover. However, it acts as a valuable contrarian indicator, signaling potential reversals when retail positioning is extreme (e.g., 80% selling). Institutions may exploit these imbalances, targeting retail stop-losses to create short-term price movementsIgnored
Disliked{quote} I think you misunderstood me what i mean to say is that retails are selling heavily so EURUSD can still go higher and I didn't say follow the retails what is said was do the opposite of what retails do since they are wrong majority of times and it only make sense for eurusd to go higher since the sentiment is indicating bearish retail positions for days nowIgnored
Disliked{quote} it was slow and eu appeared bullish and keep pushingwe are stuck
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