If you look at the daily charts for the EURJPY , it becomes fairly apparent for the tactics used by the SMART MONEY.
1. Accumulation - positions are built in the consolidation.
2. Manipulation - the Smart Money drive the market in the opposing direction to their positions. Fake out or Stop Hunting , whichever descriptive you like.
3. Distribution - the Smart Money buy or sell into the Not So Smart Money (Retail Traders).
So here we are with the pair near 139 . It looks like an accumulation and manipulation has occurred again . The past 2 distributions have been 1000 pips.
I see the market rising to 1.4900 based on these AMD tactics.
1. Accumulation - positions are built in the consolidation.
2. Manipulation - the Smart Money drive the market in the opposing direction to their positions. Fake out or Stop Hunting , whichever descriptive you like.
3. Distribution - the Smart Money buy or sell into the Not So Smart Money (Retail Traders).
So here we are with the pair near 139 . It looks like an accumulation and manipulation has occurred again . The past 2 distributions have been 1000 pips.
I see the market rising to 1.4900 based on these AMD tactics.