Last month I said this pair Is next up and explained why traders should enter during the bearish sediment as this is where smart money buys the market as retail sale the market. Last week the pair taken a dive . Which IMO just confirms the move.
1. Volatility increases is expected before a market reversals . WHY? There’s has to be an agreement before such transactions and the market has to hide these movements from the massive. This is done by making the pair look unattractive. By hiding it under a long bearish drop to convince traders to sale or discourage them from buying and it is done to stop smart traders out the move as they want all the orders for themselves until they are done. So
A trader can counter this by increasing his stop and decreasing his size to hold a position with the smart money and scale in and tp when they do as all these step can be tracked and it shows in price once known how to understand it. So a trader isn’t force to chase markets or be reactive they can be proactive just as the big players are as the market is open for anyone to accomplish anything that they desires in the market but the education has to be there.
So what the pullback did was made a lower low that didn’t stop far from the others low lows ranges which was done just to hit sl of traders trailing too close trying to catch the move but also it gave us a daily divergence in which price already corrected that. As we also have 3 rsi lows with no breakdown.
As pound open today with a bull rush this is common pound behavior at London i usually never bother with this cus I learned that it’s often drive into a pullback for opposite direction as Here we got supportive divergence of a bullish move, in IMO this market is in the state when I’d brought gu over a year ago and these traders are looking for ways to buy gu up what’s alarming is how stupid traders are they rather chase a pair after the move been dried over when it’s fresh . There’s a clear distinction between the psychology of retail and the 1% of traders. But we just watch and see how ppl feel about it in a few months while I sit back and watch ppl try to get in and talk their amp up late foolishness. As I’ll say the same thing I did with gu.. if you was that interested in buying you should had brought it when it cheap ✌🏾
1. Volatility increases is expected before a market reversals . WHY? There’s has to be an agreement before such transactions and the market has to hide these movements from the massive. This is done by making the pair look unattractive. By hiding it under a long bearish drop to convince traders to sale or discourage them from buying and it is done to stop smart traders out the move as they want all the orders for themselves until they are done. So
A trader can counter this by increasing his stop and decreasing his size to hold a position with the smart money and scale in and tp when they do as all these step can be tracked and it shows in price once known how to understand it. So a trader isn’t force to chase markets or be reactive they can be proactive just as the big players are as the market is open for anyone to accomplish anything that they desires in the market but the education has to be there.
So what the pullback did was made a lower low that didn’t stop far from the others low lows ranges which was done just to hit sl of traders trailing too close trying to catch the move but also it gave us a daily divergence in which price already corrected that. As we also have 3 rsi lows with no breakdown.
As pound open today with a bull rush this is common pound behavior at London i usually never bother with this cus I learned that it’s often drive into a pullback for opposite direction as Here we got supportive divergence of a bullish move, in IMO this market is in the state when I’d brought gu over a year ago and these traders are looking for ways to buy gu up what’s alarming is how stupid traders are they rather chase a pair after the move been dried over when it’s fresh . There’s a clear distinction between the psychology of retail and the 1% of traders. But we just watch and see how ppl feel about it in a few months while I sit back and watch ppl try to get in and talk their amp up late foolishness. As I’ll say the same thing I did with gu.. if you was that interested in buying you should had brought it when it cheap ✌🏾