Hi, a quick question...
How long will this pro usd move last and how to deal with the turn in the tide?
I mean, Im seeing now that we are near a significant historical s&r level, near a round number, we have had a full 5 waves down from 1.3320 and their was quite a bit of volume in pushing the price at this level (a pump?).
Could it be time for a correction, if not a change in trend? Should we be at least considering switching to a long bias?
We have a series of high impact USD releases later. Normally the BBs like to set the trades up for themselves. If they were thinking of shorting at/after the release, wouldn't they like everybody to be going long right now and so pushing prices upward so they themselves are in at favorable positions later in the day?
Any comment on this reasoning guys?
Much Love
How long will this pro usd move last and how to deal with the turn in the tide?
I mean, Im seeing now that we are near a significant historical s&r level, near a round number, we have had a full 5 waves down from 1.3320 and their was quite a bit of volume in pushing the price at this level (a pump?).
Could it be time for a correction, if not a change in trend? Should we be at least considering switching to a long bias?
We have a series of high impact USD releases later. Normally the BBs like to set the trades up for themselves. If they were thinking of shorting at/after the release, wouldn't they like everybody to be going long right now and so pushing prices upward so they themselves are in at favorable positions later in the day?
Any comment on this reasoning guys?
Much Love