Hello fellow traders .....
as we can see from the shares number SMART MONEY are building long positions since AUG and market reacted to that with a 160 pip move north, nonetheless they also build short positions but market did not reacted to that
this give us a clue that SM are preparing to push market higher .
technical perspective, SM manipulated the market @ 1.2800 handle , so this is our main level, i will build up long positions as long as we are playing above 1.2750
alternatively if we break below 1.2800-1.2750 i will go short to cover my long to the downside ...
i will build up longs (accumulation phase) based on technical fib levels
good luck traders
play it safe
as we can see from the shares number SMART MONEY are building long positions since AUG and market reacted to that with a 160 pip move north, nonetheless they also build short positions but market did not reacted to that
this give us a clue that SM are preparing to push market higher .
technical perspective, SM manipulated the market @ 1.2800 handle , so this is our main level, i will build up long positions as long as we are playing above 1.2750
alternatively if we break below 1.2800-1.2750 i will go short to cover my long to the downside ...
i will build up longs (accumulation phase) based on technical fib levels
good luck traders
play it safe