WillSebastian

EURJPY and the MM stop

Long
FX:EURJPY   Euro / Yen giapponese
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Here we have a clear example on our charts of a typical potential MM stop.

Larger trading bodies want a better price on their trades so they need to take a slightly lower price than the previous lows.

This is how they get a good deal, as often their trade size moves the market.

We can see this market movement with the daily green candle.

We are now looking long back towards our MA's.

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Posts Not financial advice.
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