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Wednesday Low of the week
When there is no central bank involvement, prices move aggressively and rapidly, likely based on speculative evaluation. They are driving the market down through IPDA, targeting a daily premium-to-discount range. However, we are still in the premium range (GBP/USD from Dec 13, 2023, to Jan 2, 2024).
Intra-week reversals will aim to return to or exceed the previous fair value price range.
A big move is expected between Monday and Tuesday(in this case friday), even with no significant news, likely due to the accumulation of many pips. A reversal is anticipated.
Intra-week reversals tend to occur within overlapping patterns or models."
Intra-week reversals will aim to return to or exceed the previous fair value price range.
A big move is expected between Monday and Tuesday(in this case friday), even with no significant news, likely due to the accumulation of many pips. A reversal is anticipated.
Intra-week reversals tend to occur within overlapping patterns or models."
Ghi chú
now we now this model works
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