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GBPNZD - That cooking was sellers, that's why you need to wait for the reaction waves.

Yesterday's post: https://www.tradethevolumewaves.com/post/gbpnzd-cooking-2


That was a tricky one because it was right on a significant 61.8 Fib and you would expect that these were buyers. Of course this is also a nice trick that market makers do, start buying heavily to get the croud in their direction because they need orders to absorb and then sell on them.


After:


Before:



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