Re: EURUSD - Yield
Is this the top in the Euro? You decide.
"1. When open interest rises during a rally, it confirms the uptrend and gives a signal that its safe to add to long positions. It shows that more short sellers are coming in to the market. When they bail out, their short covering is likely to push the rally higher."
I wonder where there's a ton of juicy stops..Oh look, a trend line!
Note we have not broken daily market structure and even if we do, the fat lady hasn't sung in my novice opinion.
Theyve been selling in to this market since red october, when it finally rolls over it should be spectacular. Waiting for COT to confirm.
GdayFx said:EURUSD - Yield
Is this the top in the Euro? You decide.
"1. When open interest rises during a rally, it confirms the uptrend and gives a signal that its safe to add to long positions. It shows that more short sellers are coming in to the market. When they bail out, their short covering is likely to push the rally higher."
I wonder where there's a ton of juicy stops..Oh look, a trend line!
Note we have not broken daily market structure and even if we do, the fat lady hasn't sung in my novice opinion.
Theyve been selling in to this market since red october, when it finally rolls over it should be spectacular. Waiting for COT to confirm.