It seems as if those stops above 100 DMA is are now in the play Italian auction was not really good and Eu spiked up before coming down.
The are a lot of stops above that DMA, MA traders, Range traders, Trailing stops from short's from high's and ofcourse the stops you normally find above 50's.
So these can be target and a fake breakout could occur.
I will be fading that breakout but may could go long to takeout those stops.
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The are a lot of stops above that DMA, MA traders, Range traders, Trailing stops from short's from high's and ofcourse the stops you normally find above 50's.
So these can be target and a fake breakout could occur.
I will be fading that breakout but may could go long to takeout those stops.
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