Forex Market Readings and Forecast

Time for big trend reversal in majors now.After the wide range swings they made for Monday and Tuesday to hit the stops either way and when traders shorted heavily during the drop,the big players wanted to trap them in a big way and did the extended stop hunt before the big trend reversal of continuous fall in other majors….When they handle the extreme levels traders only become stunned and don’t take more sell positions as their holding sell positions taken at the highest levels will be making losses and then cut the positions in distress due to margin pressure.Then later see the market moves in their expected way.If you are stoppedout or hedged,review the market and take the sell positions near high and when the position makes 30 pips profit keep stop at entry and allow the position to maximize the profit when the going is good.Avoid over trading,that will help you not become afraid of the market

Regards

Dr.S.Sivaraman

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