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.
“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
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.
“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
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🔵Telegram - t.me/fxhunterwealh
