Explain , why u didnt go long ? even higher TF up Trend.
In answer to your question, it is a matter of waves. There really was not a good wave at the time of scuderia's posting. Just the rather large one shown in the attached pic. Iffy, at best. The next wave with EP right during the LO TF was the one.
You can see the MMs are anxious to pump the price (what's new, right?). There is a EUR high impact release within an hour from now. This price manipulation to rapidly get the price back up to the TL area was a tradeable long. But it does seem the MMs are frantically bearish, needing to get longs sucked in before the release? Well, out of desperation or not, it was a nice 50 pips pump.
We'll see later if the MMs are bulls or if this move up was just more of their bull shit. Smells like "MMs Distributing again!" to me. There is a second EUR high impact in about 4 hours, which gives them time to fake like they are bulls after the first release and all the way to the second one. That is a lot of time the MMs might be planning to work to sucker in longs.
BTW, Master Sonicdeejay said yesterday he sensed a move up coming. He has good instincts. This move testifyies to that. Now, the question is, is the bull trend back in control, or is this one gigantic head fake, aka "Distribution" ?
-tah
