EURJPY Short Trade Open:
Classic, pre-LS. The MMs failed to get price above whole number on last move up. Are they saving that move for a stop hunt of shorts later? Or are the pending short orders of others just to numerous to absorb while trying to get the price up there? Yesterday was a Pump & Dump above the upper half number with notable volume, so even if the MMs do manage to push the price back above the whole number, I will consider it more an opportunity to add to this short trade, than a possible reversal. No TP, SL at this time.
Classic, pre-LS. The MMs failed to get price above whole number on last move up. Are they saving that move for a stop hunt of shorts later? Or are the pending short orders of others just to numerous to absorb while trying to get the price up there? Yesterday was a Pump & Dump above the upper half number with notable volume, so even if the MMs do manage to push the price back above the whole number, I will consider it more an opportunity to add to this short trade, than a possible reversal. No TP, SL at this time.