DislikedDay trading.
Traders are holding positions on a daily basis now a days.
No one knows what will happen the very next day. Which is good as this brings volatility in the market.
You will see this top fading before the end of day.
Now a days when the news is supposed to be bad these guys sell a day in advance. They are buying in advance means news could be good and they might sell tomorrow. Opposite of what everyone "thinks".
Plenty of short orders today on cable and what happened, went up :-)
Will go down tomorrow.
Watch the activity...Ignored
euro gbp all pairs gain strenght , usd getting weaker again...
Chief Member of 220 mph Riders Club...