Nice tricks played around by banksters. ECB was used to manipulate price down which was actually a buying dip. FOMC didnt move price at all. Than possitive data for USD. So retail traders like you and me have a lot of reasons to go short. But !! The banks have time and those who already shorted put the SL above last swing high right?
I think the banksters will come for this liquidity first which can create better average entry price for them to short when everybody start to believe that EU is bullish .
Once the price com down to the support, and bounce traders will start to buy, expecting this support to hold because it bounced 3 times already. So it should be strong right? The problem is that as many times it bounce than more stop losses appear bellow the support so its more like a magnet for the banks.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" or "Comment".
Thank You!
Dave FX Hunter
TELEGRAM/WEB - FX HUNTER WEALTH
“ENGAGE people with what they expect;
it is what they are able to discern and
confirms their projections.
It settles them into PREDICTABLE
patterns of response, occupying their minds while you WAIT for the
extraordinary moment — that which
they cannot anticipate.”
Sun Tzu, The Art of War
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
I think the banksters will come for this liquidity first which can create better average entry price for them to short when everybody start to believe that EU is bullish .
Once the price com down to the support, and bounce traders will start to buy, expecting this support to hold because it bounced 3 times already. So it should be strong right? The problem is that as many times it bounce than more stop losses appear bellow the support so its more like a magnet for the banks.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" or "Comment".
Thank You!
Dave FX Hunter
TELEGRAM/WEB - FX HUNTER WEALTH
“ENGAGE people with what they expect;
it is what they are able to discern and
confirms their projections.
It settles them into PREDICTABLE
patterns of response, occupying their minds while you WAIT for the
extraordinary moment — that which
they cannot anticipate.”
Sun Tzu, The Art of War
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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