Trying to learn!!!
Can anybody explain what happened? and maybe the cause of this leap and drop-back on EUR/JPY today May 6 at 8:00 AM EST. I'm interested in learning the psychological activity flow behind the market and the mechanics of the events that led up to this pattern when NY opened.
Who might have bought so quickly and who sold this gradually to bring the market back to the same point it was before the jump only so start climbing back again.
Very much appreciative of the intelligent answers found on this excellent forum.
Can anybody explain what happened? and maybe the cause of this leap and drop-back on EUR/JPY today May 6 at 8:00 AM EST. I'm interested in learning the psychological activity flow behind the market and the mechanics of the events that led up to this pattern when NY opened.
Who might have bought so quickly and who sold this gradually to bring the market back to the same point it was before the jump only so start climbing back again.
Very much appreciative of the intelligent answers found on this excellent forum.