DislikedHi Sonickers,
Opened a position on EURJPY. Comments are welcomed!
Regards,
TakpipIgnored
If the euro is in for a "whupping", high volatility could creep in. Now that you are in the trade short, be careful of a possible whipsaw to/above the upper whole number. The BBs on both sides of the pond are capable of carrying off a 50-150 pips whipsaw anytime they like. And they might do it, too, if they see profit in it.
If traders that are short, set their SLs too low, a whip up could trigger the SLs. That forces the traders to "buy to close" their short trades. And what will they be buying? Yep, some of the longs that the BBs might want to get rid of now!