The attack started off with the London open. Price was hanging around 3330 and after making a low of 3326 towards the bids above 3320.. shoot straight up to 3350.Made a high of 3356 before Barrier defense of 3375 and reported BIS selling (Fxlive) push it back.
But it only lasted for 40 odd minutes and pullback was really small as price only went lower to 3343 from the high of 3356. A bit of this combined with hunters orders than managed to pop the barrier at 3375 atlast, cleared the stops above and made a high of 3384.
Then we ran into offers from the 3400 barrier defense and now resting around 3370ish.
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But it only lasted for 40 odd minutes and pullback was really small as price only went lower to 3343 from the high of 3356. A bit of this combined with hunters orders than managed to pop the barrier at 3375 atlast, cleared the stops above and made a high of 3384.
Then we ran into offers from the 3400 barrier defense and now resting around 3370ish.
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thanks for the informative blog FOS,
ReplyDeletewould you explain me what is BIS?
where can i get option barrier data?
is that barrier daily expiry?
BIS stands for Bank for international settlements. Simply you can say its a bank for central banks. There is no data about option barrier, you just need to know where they are. You can get this info from many sources but dont need to go far as you can get it from this blog and forexlive. Its a barrier option not a vanilla option. You can find all about option types on investopedia.
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