Are positions changing hands rapidly? $BTW breaks below the 1.25 level
These levels usually have a large number of resting orders around them, and big players love to make moves here: they may push the price below the level to trigger stop-losses, then reclaim it, or ride the momentum and drive it lower. To tell the difference, watch which side large orders cluster on around the level.
These levels usually have a large number of resting orders around them, and big players love to make moves here: they may push the price below the level to trigger stop-losses, then reclaim it, or ride the momentum and drive it lower. To tell the difference, watch which side large orders cluster on around the level.