Check my previous post as to why, but here we have the same scenario. Lets see how both pairs play out.
Previous post -
Komen:
Stop hunt in progress.
Traders told to trade off trendlines, and stops below. The banks know this, it enables them to place large orders by taking out everyones stops.
Remember for every buyer there needs to be a seller and vice versa.
The banks need lots of stop losses to place their huge orders. They need sellers if they buy, they need buyers if they sell.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Traders told to trade off trendlines, and stops below. The banks know this, it enables them to place large orders by taking out everyones stops.
Remember for every buyer there needs to be a seller and vice versa.
The banks need lots of stop losses to place their huge orders. They need sellers if they buy, they need buyers if they sell.