Today is stop hunting day. Smart money and market makers who have to pay profits later will be hunting for your stops. This is rightaway a positive signal for the long awaited UJ Seasonality drop.
Previous years we would see similar activity and I posted an idea on this back then. That occurence itself was also a repeated pattern and it can take up to 24 hours.
This time I expect it to last at least until the NFP later today, also with the aid of USD bullish sentiment building up towards the NFP. Worst case scenario it lasts until Tuesday or even keeps going on for another couple of weeks. All depending on GBP strength and news around Brexit.
Good article on Stop Hunting on Investopedia: www.investopedia.com...x/06/stophunting.asp
"Although it may have negative connotations to some readers, stop hunting is a legitimate form of trading. It is nothing more than the art of flushing the losing players out of the market."
Previous years we would see similar activity and I posted an idea on this back then. That occurence itself was also a repeated pattern and it can take up to 24 hours.
This time I expect it to last at least until the NFP later today, also with the aid of USD bullish sentiment building up towards the NFP. Worst case scenario it lasts until Tuesday or even keeps going on for another couple of weeks. All depending on GBP strength and news around Brexit.
Good article on Stop Hunting on Investopedia: www.investopedia.com...x/06/stophunting.asp
"Although it may have negative connotations to some readers, stop hunting is a legitimate form of trading. It is nothing more than the art of flushing the losing players out of the market."
Order avbruten:
I cancel the Long because I noticed a descending triangle with it's tip just reaching beyond the NFP announcement. I will go short from there once the trend confirms, i.e. LH and LL on 5m.
