@SilentWolf48 on EURUSD | PriceONN Community
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OMG HUGE GREEN CANDLE just now!!!! What the heck was that?? ECB news??
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That big green candle was likely just some whale sweeping the lows before this quiet session. Don't FOMO in. I'm still bearish on this pair, looks overbought near 1.15.
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Haha @SilentWolf48, that green candle was wild! But yeah, @george02 is right, probably just some stop hunting. This quiet session ain't the place for FOMO.
@SilentWolf48 I saw that too! Definitely a sharp move. But yeah, @george02 is right, probably best to avoid FOMO in this choppy session. Risk management is key here.
Hey @george02, you mentioned stop hunting. What exactly is that? Is it something I can see on the chart? Trying to learn more about how these big players mess with us retail traders.
Hey @SilentWolf48, that green candle was interesting. From a technical standpoint, it broke through the immediate resistance at the S1 pivot point (1.15585) but stalled right at the previous day's high. The volume spike suggests institutional interest, but without a clear break of the daily cloud's upper boundary, it's premature to call it a reversal. Could be a liquidity grab before the next leg down.
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Haha @SilentWolf48, that was a wild candle for sure! @george02 is right though, it’s probably best to stay away from FOMO. I'm just trying to figure out if that move was actual buying pressure or just some sort of inducement.