Massive Reversal at 1.2313 by EUR-USD Currency Pair

As soon as the king fish traders gathered, the Alligator Market Genie attacked them and ate most of them. It is simply amazing how clever the Alligator Market Genie is. The market was on a steady down trend, feeding the king fish traders with the infamous delicious bait of wild red salmon until boom, a rapid reversal came out of nowhere at around the 1.2313 level, and wiped out most of the king fish trader's marbles.

This reversal at the 1.2313 area left thousands of king fish traders crying out for help because they refused to leave all their belongings behind, so they still hold on to the sinking ship. Let it go, man!!! Get away, swim away if the ship is sinking. Don't continue to sink with a sinking ship by holding on for dear life. Doing so will prevent you from sailing the high seas at a later time. Just follow the Market Genie and you will be all right. Don't forget a your risk management tool, the famous Trailing Stop. Use it to protect yourself from unexpected market moves. You will be happy you did.

The Market Genie has now pushed the market to the 1.2379 level with no slowing of upward bullish momentum. In fact, the most important thing to do if a trader gets caught by the Market Genie, just run like hell, get away, get away as fast as you can and leave everything behind. When you run away, you will live to fight another day, but if you continue to hang around, you will be sure to become the Market Genie's meal because you won't be able to recover. In other words, you will be wiped out, simple as that!

Remember that the information here is not investment advice because we are not investment advisors, so please do your own research.

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