A moment ago we had 95.44 business and seconds later 95.53 bid: battle is joined.
A couple of days ago I posted on the subject of perception ; this is a prime example.
Some of you will no doubt view the current slide and apparent pressure to move below 95.50 as bearish.
Yes, I am long but my experience tells me that when the 45 offered, 53 bid scenario happens, it is bid….
ADDENDUM: watch and see if the selling persists and if 95.40 gives then sellers win for the moment BUT if it keeps bouncing back you know you have a good buy opportunity with an obvious stop and an expectation of an upward continuation.
