I suspect this is a bull trap shakeout above yesterday daily candle high... going lower...
![](https://resources.faireconomy.media/images/emojis/64/1f914.png?v=15.1)
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DislikedMost of the M15 bars and certainly the H1 bars are showing buyers coming in during the last minutes of their printing. That's a reasonable sign for bulls. We just had a reasonable bounce off 1.3578 and IMO above we've legged another notch above the candles of the last 2 days. A visit to 1.3586/1.360x would not be surprising and could still keep the door open to all options. Plus, we have USD profit taking and selling.
Buyers are undoubtedly present, but the age old question of how many sellers will whack the buyers.
And oh, please don't treat...Ignored
DislikedI suspect this is a bull trap shakeout above yesterday daily candle high... going lower...Ignored
DislikedAgreed.
On GY, buyers coming in expecting a retest of the high, but the buying is on lower volume. 3 highest volume bars on the 5m chart today so far, show weakness.Ignored
DislikedI moved SL for 5 pips...just bellow MA20 on 1h chart...
But that was a bad and risky trade...Could get better entry or could not trade at all coos all of those news todayIgnored
DislikedI dislike EU for 2 weeks now. Got burned and afraid to touch it. Taking only the most obvious trades.
Edit: I must try some other pair for a change. Recommendations anyone?Ignored
DislikedGuys forget eu for a while, Cable is more appalling at the moment. Could be a good chance to buy on dip but it's still in markdown period. Patience will pay.Ignored
DislikedGuess we need to see the next hourly bar, confirm buying or notIgnored
DislikedDo you imply need to see price going up? That is more demand that supply?Ignored
DislikedDo you imply need to see price going up? That is more demand that supply?Ignored