EURUSD : Real v. Fake

This chart is just for fun.

Learning to spot real or fake FX move is similar to spotting a real or fake breast of a woman. If it looks unnatural, you should know what it means.

Merry X'mas and a Happy New Year.

Good luck.

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Price breached 1.033. What is the implication? Is this good? Is this Bad?

For some traders, when price makes a Higher High and move pass a 'resistance', they will tend to be bullish and proceed to BUY.

Some traders will do otherwise, they look at the fundamentals and longer term trend. Then they wait for a Higher High on lower volume before concluding a downward reversal in trend is imminent.

It is easy for us to find out the TRUTH. Just see for yourself in the chart above what had happened previously.

Good luck.

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Using indicators is a very tempting, easy and convenient method to trade. Many just love it and build scripts to alert them. But there is just one problem, it stops us from THINKING!!!
We are now seeing the so called 'Golden Cross' happening. I am sure many would rush to BUY.

Would you?
Again, it is just best to apply some common sense.
Good luck.

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Golden Cross v. Dumb Idea
Looks like Dumb Idea is winning
Long live Dumb Idea :)

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Speculators have built their largest short U.S. Dollar position since 2020 and one of the largest in history - Morgan Stanley Research

Hahaha...........

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Good luck.