Usually the price has been touching the PP earlier in the day (i'm GMT) before taking off for new highs, but today the rise was so abrupt that i didn't shorted it targetting the PP.
A load of longs entered today and are still in, since practicly no retrace happened, to me that means a large majority of the bulls have not taken profit yet.
I will venture and say that this hasn't been rising faster because there haven't been enough bears to help the bulls enter the game cheaper.
A load of longs entered today and are still in, since practicly no retrace happened, to me that means a large majority of the bulls have not taken profit yet.
I will venture and say that this hasn't been rising faster because there haven't been enough bears to help the bulls enter the game cheaper.
Traders are smartasses