How The BIG BANKS Have Fooled Everybody AGAIN!!! USD/CHF
On Sept 27 everybody was short on USD/CHF. It was pretty clear that the USD/CHF had reached a strong supply zone. But why next day the price went up? The question is, how to read the big banks and big financial institutions? The only answer is price action + volume. It's like the old times, the ticker tape, supply & demand. If there is a strong movement there should be a strong volume to back up the strong movement. If they shout out "buy, buy, buy" but they don't actually register the "buying", that doesn't matter.
As you can see that happen yesterday Sept 30. You can see a strong move up, a big green candle, enough to scare and panic the retail trader BUT where is the Volume? The Volume closed below the average. That means that the big banks and big financial institutions were out of the game, they were not buying the moving up, they were someway manipulating the whole "game". No indicator can read that!!!
Today the price went all the way up to 1.00156 (which I was short, I'm not bragging, don't get me wrong), to suddenly slumps after "bad manufacturing data". Did they know about the bad news? Probably yes. I've lived enough to know that there is no coincidence in life.
As you can see that happen yesterday Sept 30. You can see a strong move up, a big green candle, enough to scare and panic the retail trader BUT where is the Volume? The Volume closed below the average. That means that the big banks and big financial institutions were out of the game, they were not buying the moving up, they were someway manipulating the whole "game". No indicator can read that!!!
Today the price went all the way up to 1.00156 (which I was short, I'm not bragging, don't get me wrong), to suddenly slumps after "bad manufacturing data". Did they know about the bad news? Probably yes. I've lived enough to know that there is no coincidence in life.