EU M15:
What is currently going on with EU is likely going on with other pairs.....consolidation. Some pairs have flirted with their SonicR EP, but pulled away for more consolidation. Well, the longer consolidation goes on, the higher the chances become that the eventual break will result in a real good move. After all, if the players that move the market spend a lot of time preparing for a move, you can be sure they are going to get their monies worth out of it.
In the case of EU, I have attached a M1 chart. It shows what may turn out to be the heaviest trading in a couple of one minute intervals for the entire day! Looks like someone (Central Bank?) ran stops to free up positions for themselves. Whipsaw City, then......DIVE.....DIVE.....DIVE!
What is currently going on with EU is likely going on with other pairs.....consolidation. Some pairs have flirted with their SonicR EP, but pulled away for more consolidation. Well, the longer consolidation goes on, the higher the chances become that the eventual break will result in a real good move. After all, if the players that move the market spend a lot of time preparing for a move, you can be sure they are going to get their monies worth out of it.
In the case of EU, I have attached a M1 chart. It shows what may turn out to be the heaviest trading in a couple of one minute intervals for the entire day! Looks like someone (Central Bank?) ran stops to free up positions for themselves. Whipsaw City, then......DIVE.....DIVE.....DIVE!