This could potentially turn into a stop hunt. As we see price created the illusion it was bouncing off support (see the blue arrow), and has now returned and broken below. 95% of retail traders are told to buy at support and sell at resistance.Guess where they are also told to place their stops? Right at the dollar sign. Liquidity the banks need to fill their...
I thought forget dinner, I'll just have a LONG night out with my favourite new bitch GBPUSD ;)
Pushing some simple Long trades until Euro market open.
Also locked into a sick battle with the SPX500 but that's a story for another day ;)