A move like this is reasonable since it's quite overbought, but it's worth paying attention to USD weakness and strength of equities at the same time. USD weakness will probably push this thing higher regardless of whether it's overbought or not!
Bdodds93
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Stuck in 2 trades on a sell for this. Been waiting for the drop all day currently sitting at a loss
Tim12569
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@Bdodds93 literally same bro I got in to earlier currently in the minus actually annoyed but it what it is if it fails have a horrible feeling it might try got for that 1.2750 level and then come back down 😂
NoFaceNoCase2020
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I’m stuck in 4 😂😭
Bdodds93
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@danerichards83 you holding over night haha and waiting for it to drop haha?
NoFaceNoCase2020
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@Bdodds93, I don’t think I can.... almost reached margin level
elliotlord
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@Bdodds93, I have 2 trades as well but 1 is in profit and 1 isn't so im just breaking even
OoniH
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It's bullish, alot of liquidity to the upside. Think about it 96% of people trade support and resistance. Therefore 96% of people are selling. Leaving their stop losses in the same zone. Don't be surprised when the banks make the market push up and hits stop loss and activates buy stops and goes back down to stop them out too. I'm personally looking for buys of the M15 candle. If you're not sure about these concepts contact me on IG: @oonihalai