Too many shorts without buyer will lower the price by 315 degree angle (if no new sell & buy) where horizontal line is time and vertical line is bidding price.
You cannot learn better without losing
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Disliked{quote} Yah soz I should have been more thorough with explanation. No correlation to the US dollar. The Euro is moving that is obvious, just need to look at the EG chart.Ignored
DislikedThe Yen is getting stronger and Gold just plunged 10 dollars in one minute ... anything came out ?Ignored
DislikedEUR/USD H1 CHART CUP FORMATION Buy Eur/Usd targetting 1.3815 Sell Usd/Jpy targetting 96.50 {image}Ignored
Disliked{quote} ya just saw but was it in one minute? I mean if it fell it must be due to the sell stops at 1270Ignored
Disliked{quote} I think, and i'm not sure - when price plunges like that on a one minute , it has to do with a heavy order hit the market ... i don't know if it is a sell to open or sell to close ! If a retrace happens in the next few hours or price stalls beside the plunging candle could be an indication of an order. Last time i saw that was few weeks ago, when a heavy order plunged the price that COT had to freeze trading for 5 minutes! It looks scary If, however the next candle print a new low - then it could be price falling .Ignored
Disliked{quote} I think this craziness will continue till december mid and we have to be ready to take loses even if our technicals and fundies are correct. market is doing bizarre thingsIgnored
DislikedIts wise today to take into account the potential for all events to align for a potential trend change. Its already expected that the economy is weak, inflation is low and the Fed is dovish. If all of these things are not proven to be true today, current market positioning and technical set ups could lead to the START of a move lower. Eurozone inflation print is only 1.5 weeks away as well. It doesnt seem like there are many real trend traders in this thread, but if you know what the likely fundamental situation is, and you start building the position...Ignored
Disliked{quote} Do you know what's bidding and asking rate? Too many shorts without buyer will lower the price by 315 degree angle (if no new sell & buy) where horizontal line is time and vertical line is bidding price.Ignored