The attached chart is a 1 minute chart. It shows the last 50 pip run down to the 1.3000 area culminated in high relative volume at the lows. This leads to the hypothesis that Asian session traders manipulated the run down to load up on long positions for a bigger run up later this full day session. This makes sense in light of the large drop during the previous full session....which begs for a large retrace/pullback....and which has been only further exasperated by this 50 pip slam dunk by the Asian session traders!
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