EURO AU$$IE WEEKLY ANALYSIS 4/11
a major swing high was identified at 1.5300 then the price starts to drop as low as 1.4320 to make a swing low
why we said a major low is because we have a change of character and break of structure, the dark pool was manipulating the market on that swing low, in order to induce liquidity.
they are squeezing short-sellers out of the market in order to make buy-side liquidity before the drop-down to close the sell and keep the buy open, the best level to do that is below 1.4500
a major swing high was identified at 1.5300 then the price starts to drop as low as 1.4320 to make a swing low
why we said a major low is because we have a change of character and break of structure, the dark pool was manipulating the market on that swing low, in order to induce liquidity.
they are squeezing short-sellers out of the market in order to make buy-side liquidity before the drop-down to close the sell and keep the buy open, the best level to do that is below 1.4500