Analysing Forex from The Market side & perspective.
Today is a big day. An uptrend of 160 pips stopped out two seller positions at 1.2188 and 1.2235. As we can see in the chart that The Market might chase another seller positions at 1.2359 from May,12. With a big and quick trend like this, the buyers cannot open new positions but to wait for a pullback. The Market is still going up and we are expecting a new empty zone below the trend.
Today is a big day. An uptrend of 160 pips stopped out two seller positions at 1.2188 and 1.2235. As we can see in the chart that The Market might chase another seller positions at 1.2359 from May,12. With a big and quick trend like this, the buyers cannot open new positions but to wait for a pullback. The Market is still going up and we are expecting a new empty zone below the trend.
