Forex Market Analysis – EURUSD Manipulation Short
We believe that on a 1H-4H timeframe on the majors big players often manipulate the market by driving price into an area that has clear supply/demand from retail traders. in this case there’s some resistance at 1.0470 which seems like it may be violated to expose some demand. A significant player would sell into this demand, drying it up, before reversing the price by continuing to sell. The break above resistance would then be confirmed as a false break and price will drop. we are short at 1.0476 and have a stop loss 29 pips higher.
In Other View Point – EURUSD Institutional Short Setup
Our institutional research still holds a bearish tone on EURUSD thus we’ll only be looking for shorting opportunities. we can expect to see pullback sellers step in anywhere between 1.0506 and 1.0539. As long as the 1.0539 level protects the downside we’ll probably see another push lower, but keep in mind the strong support at the 1.0335 figure. As always use a 30-40 pip stop loss and look to get whatever you’ll on the profit side. good luck to anyone that takes it! unique Forex is where retail traders become institutional traders. Learn to trade like an institutional trader and become consistently profitable.