Last weeks US GDP number presented a nice trade setup in the USD/JPY. Often the initial move created by the news spike is what I term as the 'sucker move.'
Because smart money needs buyers when they want to buy and sellers when they want to buy.
Therefore, as the retail market steps in and begins to chase the positive number up, Smart Money is more than happy to begin selling to them.
This video breaks down the basics around tracking and profiting from this short term market manipulation that often occurs around news.
-Sterling
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