Week beginning false move and reversal
EURO and GBP firmed up for week beginning during Japanese session as false move and are expected to drop unassumingly from 05:00 - 06:00 GMT and the attribute could be profit booking.
Day traders can short EURO or GBP when they are near high and close during European and US session slides.
USD/CAD below parity may surprise many traders and it is only holding to create USD weakness sentiments.Big players are the buyers when small traders liquidate in distress then higher level buy positions.Extreme conditions are short lived in the market and most of the traders shorted EURO and GBP will not be willing to short because of margin pressure and mental fatigueness and willing to buy during dips.Once the traders develop this market sentiments operators make the dip and donot rise again and continue to drop to trap the emotional traders otherway.
Hold on to your USD buy positions against all the majors and commodities and by tomorrow USD gaining moves will become visible.
Regards
Dr.S.Sivaraman
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