RISK is high. The market is in a bar room brawl
I warn traders that it is easy to get in a bar room brawl. Just throw a beer, try to pick up someones girl, insult someones girl/mother/family…fighters know how to get in a Friday night brawl. If you are out of the fight, that is a good thing. We are in a bar room brawl in markets. Some of you are in it and the EURUSD longs are winning on the day. But the market is off the highs so there are some punches being thrown by the shorts that are starting to connect. At some point the two fighters will tire and the market will settle.