Banks can only sell when there is enough liquidity to sell from. This is why price moves from liquidity to liquidity zone, so they can take profit.
USD /JPY has been bullish in the lorn term, but currently it is undergoing a replacement to seek further more liquidity. So in the short term the banks or shorting this in order to buy cheap or at a discounted price.
Seem like a beautiful story to me, not much to complain...
Leave a like if you learned something out of my post, anyways enjoy and keep it easy. BTW try to make it your own, it is a must when trading so take notes!
Not really in depth but it's just a broad expectation of mine
I expect the market to retrace a bit to at least touch the trend line in order to push higher. Uk100 seems overextended at the moment, but the overall trend is short term bullish and long term bearish
I expect the market to retrace a bit to atleast touch the trendline in order to push higher. Uk100 seems overextended at the moment but the overall trend is short term bullish and long term bearish
The likelyness of the euro going down are pretty high. I never just go short but wait for the structure to break and then go short. I would like to see a strong push down with healthy pullbacks in order to be on a sell bias
This could be really bullish but only if it breaks some trendlines and get some liquidity to break them.
good luck, wait btw for thebreak of the structure.
I was looking for a short for a long time now knowing that it would it a mayor resistance. Now GBPUSD is consolidating and that in combination with patterns and past history and the eurusd that is likely to reverse this good be a really good chance to take. Take care, much love <3
Do not short this!!! Wait for the price to respect the zone and then enter the way you normally would enter
Be careful shorting bitcoin. Wait for the break of the trendline and enter at the pullback. Good luck
USD showing some signs of strength on multiple pairs and is cooking on something.