EURO has gotten too cheap for its pricing and as a result, and as result, it seems large traders will force price upwards towards the price target and come back down.
Hi! I use Auction Market Theory to trade the
markets! For me, the markets have trading too high in
price as seen in that reject of 125.000.
So I use concepts from James Dalton such as long liquidations, short covering rallies, and ledges to determine what the state of the market is.
As of right now, USDJPY has shown rejection at 125, price is perhaps too high...
