Eurusd/gbpusd - page 1697
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Nagh
Dead Cat Bounce Definition | Investopedia
Btw: bulls sitting at 1.2930It is bouncing alright
Nagh
Dead Cat Bounce Definition | Investopedia
Btw: bulls sitting at 1.2930Good article, I totally agree.
Nagh
Dead Cat Bounce Definition | Investopedia
Btw: bulls sitting at 1.2930Looks like you are right : it always bounces of 1.2930 back up
Trend remains bearish but the pattern is formed that indicates a breakout can happen in any direction. Odds that it is down are greater, but it all depends on FOMC and Scottish vote this week
Looks like you are right : it always bounces of 1.2930 back up
Bah. This really is a dead cat now. Bouncing and bouncing and no direction. It will be the usual : 1 hour breakout and than bouncing and bouncing again
Bah. This really is a dead cat now. Bouncing and bouncing and no direction. It will be the usual : 1 hour breakout and than bouncing and bouncing again
You mean when the total of orders reaches a critical mass, then they organize a breakout. That way they are making sure that the profit will be good
You mean when the total of orders reaches a critical mass, then they organize a breakout. That way they are making sure that the profit will be good
More or less : yes. With forex flooded by HFT algos and artificial liquidity, they can not make a significant price change without trapping real money (retail traders) otherwise ECB and similar would do that log time ago. And that is why it is so step like. Waiting for the trap to catch a beast (real money) and then the kill comes
Interesting point of view, thanks.
EURUSD is now at exactly the middle of the current day range. Now we can expect the market makers to move it up again a bit (accumulating longs). In case if FOMC tells what everybody expects, they will dump the longs, and enter huge shorts. In case FOMC is dovish they will add to longs. Break is prepared and market makers are going to rule it.
PS: do not forget. Almost sure whipsaw in the first couple of minutes
The EUR/USD consolidation continues and I am beginning to suspect we'll have to wait for FED tomorrow before we see any further developments.