Let’s take a quick look at the reaction of the financial markets when the new FBI investigation into Hillary Clinton’s emails was announced, which was just after 6pm London/UK time last Friday.
It’s very interesting because of the SNAIL PACE in which the market reacted. Rather than an immediate bump/decline in price with reduced tail-off effect, prices moved up in an extremely gradual manner – which I don’t recall happening on a frequent basis.
Let’s have a look at the charts of the various forex pairs – EURUSD, GBPUSD and USDJPY. Each of these charts show a slow, gradual, steady climb from one minute to the next, with barely zero retracement, and all in all, a healthy amount of pips.
Away from the forex market, the S&P as well as Gold made similar steady moves on the 1M chart though the move in the S&P stopped after only 10-15 minutes.
Ironically, a lot of the professional (and retail) traders based in London & Europe would be sinking pints of lager at the pub by 6pm on Friday and would have entirely missed this move.
Something like that really does look like a golden opportunity. Bet big my friend!
The beautiful benefit of hindsight!