Hey guys what's up Brandon here, So I want to briefly discuss the high possibility of more buys on CHFJPY.
I think buys make more sense as there isn't anything at the high to stop it from going higher, also if it sells now it would mean that sellers are given an absolutely golden opportunity to do so, in my opinion this doesn't make sense from the dealer's perspective and I am constantly questioning why he would make such a move.
That being the case I won't rule out sells completely as I do believe he is going to try to induce sellers at this level before continuing to buy it further, but that's about it
Let me know what you think and if you agree
Peace out fam :)
I think buys make more sense as there isn't anything at the high to stop it from going higher, also if it sells now it would mean that sellers are given an absolutely golden opportunity to do so, in my opinion this doesn't make sense from the dealer's perspective and I am constantly questioning why he would make such a move.
That being the case I won't rule out sells completely as I do believe he is going to try to induce sellers at this level before continuing to buy it further, but that's about it
Let me know what you think and if you agree
Peace out fam :)