now iv been watching this pair for a long time and just take a look for yourself even on the higher time frames this is getting ready to TANK to the up side soon all this movement up and down is the banks getting more and more orders as seen in this chart but we will go soon and some big % on the way up :)
still needs time to reach the bottom so just keep your eyes on this pair
thanks for the idea .what do you mean by banks taking orders ?
LucasMatthew
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@abdijama85 hi there and what this means is when price gets to a key level the banks and hedge fund become more interested so what you will see hits a key level like on this analysis push’s up and as you see then drops why this happens is that the banks etc don’t have enough order yet so they come back down for more orders once they have enough then you will see price move 👍 hope that helps you. That’s just like trading supply and demand