Many Sellers are shorting EUR/USD because past 4 weeks as it had made New Lows. Many Traders who trading in the short term are traped with the View that it going to make a new Lower low.
Now, this is where Real Big bucks can be earned whereas many convince to go short, that's where a contrarian will Hunt the seller's Stop Loss and forced them to exit. Now, when sellers are forced to exit via Margin Call, they became buyers. When there are Buyers, that's where Institutional Traders can go short.
My take on the Market, that it will Hunt the Sellers stop loss before it makes new Lower low.
Now, this is where Real Big bucks can be earned whereas many convince to go short, that's where a contrarian will Hunt the seller's Stop Loss and forced them to exit. Now, when sellers are forced to exit via Margin Call, they became buyers. When there are Buyers, that's where Institutional Traders can go short.
My take on the Market, that it will Hunt the Sellers stop loss before it makes new Lower low.
Comment:
Market Showing no Liquidity for past 5 Days..this is a situation many Sellers will exit their Sell Position because of Fear of Reversal