Journal of my ideas:
As i've watched the FOREX markets for the past couple months manipulation makes itself apparent. The most aggregious i'd say was the wick on the EUR/USD pair that took it alost a full percent in under a minute to an important structural level.
I'm trying to understand and this was a thought I had
Significant structure resistance (JUICY amount of stop losses will be placed above this)
this structure is conveniently close to the .786 and a retracement is due
this will be the next level I pay attention to for shorts.
I think there will be a lot of people trying to play the .786 and a stop hunt is likely if this is the case.
Not a trade or anything yet just something to keep an eye one to see if a trade manifests itself.
As i've watched the FOREX markets for the past couple months manipulation makes itself apparent. The most aggregious i'd say was the wick on the EUR/USD pair that took it alost a full percent in under a minute to an important structural level.
I'm trying to understand and this was a thought I had
Significant structure resistance (JUICY amount of stop losses will be placed above this)
this structure is conveniently close to the .786 and a retracement is due
this will be the next level I pay attention to for shorts.
I think there will be a lot of people trying to play the .786 and a stop hunt is likely if this is the case.
Not a trade or anything yet just something to keep an eye one to see if a trade manifests itself.