Market General Comment:
Today, starting in less that 1.5 hours, we have a series of USD releases, high impact to low impact, and starting with the high impact.
The "anti-dollar" moves so far today might be nothing more than manipulation by the BBs to help them "distribute" their "anti-dollar" positions and load up on "pro-dollar" positions. Maybe yes. Maybe no.
As always, it was best to enter the London session without a bias, and just see what happens. However, this session is not yet over, not by a long shot.
For example, look at EU. The asian session sold it off....heavy volume to downside. Then, the London session started working the price back towards the upper whole number, where the heaviest volumes were for the highest reaching candle and a following downside move. To me, it looks like the BBs are already going short. Look at the Daily on this once more. We can see that the PA is simply being "controlled" to be near the Trend line.....before more bear shit hits the fan?
And look at the Daily on GU.....one big Bear Channel,......and with PA about to drop out of it? Things are getting interesting.
Today, starting in less that 1.5 hours, we have a series of USD releases, high impact to low impact, and starting with the high impact.
The "anti-dollar" moves so far today might be nothing more than manipulation by the BBs to help them "distribute" their "anti-dollar" positions and load up on "pro-dollar" positions. Maybe yes. Maybe no.
As always, it was best to enter the London session without a bias, and just see what happens. However, this session is not yet over, not by a long shot.
For example, look at EU. The asian session sold it off....heavy volume to downside. Then, the London session started working the price back towards the upper whole number, where the heaviest volumes were for the highest reaching candle and a following downside move. To me, it looks like the BBs are already going short. Look at the Daily on this once more. We can see that the PA is simply being "controlled" to be near the Trend line.....before more bear shit hits the fan?
And look at the Daily on GU.....one big Bear Channel,......and with PA about to drop out of it? Things are getting interesting.