Disliked{quote} USDCAD Short Trade Open: I was not at PC for two days becouse of my regular job, that's why I didn't close this trade. But when I look at this now, there are many SL hunts above the whole level. Maybe they bring it up again, but it looks like more downside to me, considering how much liquidity they got.. Did you close it becouse it was friday? {image}Ignored
Fisher755,
You can see from the picture that was posted in the first referenced post that the trade is still open! And, yes, I agree that it is likely the MMs will take price below the lower whole number and maybe below the next lower half number. Why? What we could be into now is a Wyckoff Distribution phase that could go on for days, even weeks. A 150-200 pips range might be the plan. The wider the range the more room the MMs have to play the price in order to help sucker in DM so that huge SM orders to reverse can be filled. If so, it makes sense to extend the bottom of the range now that they have price moving lower. Time will tell.
tah