EURGBP
Thursday PA was very flat until the NYS..... buyers and sellers and price going nowhere. And this continued in the NYS until the main part came to an end (noon in NYC). The NYS After Hours began..... WITH A BANG! ALL HELL BROKE LOOSE! The Market Makers now working the institutional orders ran the price HIGH..... up about 55 pips whereas the actual range of trading for the day up to that time had been only 13 pips! Thursday PA ended above a whole level. Friday PA stayed above the whole level, and with very concentrated (by volume) action in the early AS, early LS and early NYS. It all looks like a move to exert more stop hunting pressure on sellers - a shorts squeeze.
Here is the kicker......your week chart will show you last week a range of 33 pips for the whole week with volume of 267680. This week range has been 102 pips for the whole week with volume of 264261. So, today's action completed a week's move more than 3 times the move last week and did it on LESS VOLUME! This leads to the conclusion the MMs wanted it higher, and so today they stopped playing with it.....ran it up late in the day and took advantage of the higher prices to acquire sell positions.... BUY LOW! SELL HIGH! ....every one of them above that new whole level.
So, this continues not only to appear to have increasing bearish opportunity but also a closer timing for the beginning of it. As always, please due your own due diligence.
Thursday PA was very flat until the NYS..... buyers and sellers and price going nowhere. And this continued in the NYS until the main part came to an end (noon in NYC). The NYS After Hours began..... WITH A BANG! ALL HELL BROKE LOOSE! The Market Makers now working the institutional orders ran the price HIGH..... up about 55 pips whereas the actual range of trading for the day up to that time had been only 13 pips! Thursday PA ended above a whole level. Friday PA stayed above the whole level, and with very concentrated (by volume) action in the early AS, early LS and early NYS. It all looks like a move to exert more stop hunting pressure on sellers - a shorts squeeze.
Here is the kicker......your week chart will show you last week a range of 33 pips for the whole week with volume of 267680. This week range has been 102 pips for the whole week with volume of 264261. So, today's action completed a week's move more than 3 times the move last week and did it on LESS VOLUME! This leads to the conclusion the MMs wanted it higher, and so today they stopped playing with it.....ran it up late in the day and took advantage of the higher prices to acquire sell positions.... BUY LOW! SELL HIGH! ....every one of them above that new whole level.
So, this continues not only to appear to have increasing bearish opportunity but also a closer timing for the beginning of it. As always, please due your own due diligence.
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