The up move we have now makes perfectly sense. The purpose of this up move is to wipe out some shorts.
However, this upmove is not enough. I think they will initiate a hard, short term up squeeze before going down. Monday morning would be perfect to wipe out some shorts before we continue to go down
However, this upmove is not enough. I think they will initiate a hard, short term up squeeze before going down. Monday morning would be perfect to wipe out some shorts before we continue to go down
Forex is a losers game.