Hey, I beleive the move yesterday was way too big and now that the market is waking up I believe it's time to get back to that level about 1.23 -1.23150 before it starts moving in either direction, the reason for this is that there was no real big reason, and it seems like it was just some big institution that for some reason had to sell a lot, and created an artificial slump for the time being.
- I will not be trading this move, but I would be a bit surprised if it didn't bounce back up to that level.
- I will not be trading this move, but I would be a bit surprised if it didn't bounce back up to that level.
Note
well, that a crazy 5 min move that came out of no where 13:30 5 min chart -
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.