I have never sat and watched a pair, so focused on every tick move for so long before(example i didnt sleep last night) and I must admit I have never seen anything like this. You can tell the high powers of the market want this pair to go higher.
A push down, results in violent reaction, to push it higher. Consistent bearish price patterns on lower time frames forming, but only to be met with more buying pressure. It is very evident after just watching this for a short period. Any excuse, this market is looking for buying opportunities, the bulls jump.
I don't normal trade this pair but I must admit Im caught with my pants down, looking at my own ass.
But at some point the leverage without a retrenchment, would have to give, wounded up so tight, in my mind, the resulting price movement will show just how tight the market really is. When it breaks, its gonna be a shit show.
Or I just keep telling myself that, and I go bust! Most likely the latter!
A push down, results in violent reaction, to push it higher. Consistent bearish price patterns on lower time frames forming, but only to be met with more buying pressure. It is very evident after just watching this for a short period. Any excuse, this market is looking for buying opportunities, the bulls jump.
I don't normal trade this pair but I must admit Im caught with my pants down, looking at my own ass.
But at some point the leverage without a retrenchment, would have to give, wounded up so tight, in my mind, the resulting price movement will show just how tight the market really is. When it breaks, its gonna be a shit show.
Or I just keep telling myself that, and I go bust! Most likely the latter!
Learn, a forex trader must, unlearn and relearn he will.
