Market manipulation is a subtle yet powerful force, often driven by large participants who operate with passive limit orders.
Market Manipulation: How Passive Orders Shape EUR/USD Moves
In the world of forex trading, not all movements are what they seem. Market manipulation is a subtle yet powerful force, often driven by large participants who operate with passive limit orders. These players aim to fulfill significant orders around key price levels — without causing abrupt price changes. Their tactics often remain hidden from standard volume metrics, but tools like Volume Terminal help bring clarity to these hidden moves.
A perfect case was seen on 5 August 2022, when EUR/USD buyers were absorbed by a passive seller. Despite multiple pushes above the Daily Fair Price (DFP) around midday, no follow-through was seen. Once the final test failed, the passive seller turned aggressive, triggering a sharp market collapse.
Market Manipulation: How Passive Orders Shape EUR/USD Moves
Similarly, on 12 August 2022, a passive seller kept adjusting sell limit/stop orders downward while aggressive buyers pushed in. The cy75 indicator showed green candles — usually a bullish sign — but price action continued sliding down. This was a classic absorption trap, ending in a downward break.
On 10 August 2022, EUR/USD saw weak buyers hunted and stopped out. Around 3:00, cy75 showed bullish control. However, two red candles later indicated stop-losses being triggered, likely by a passive buyer waiting at daily lows. The market swiftly reversed, climbing to new highs — a textbook stop hunt.
Going further back to 22 July 2022, early morning green cy75 candles below the DFP hinted at buyer absorption. Sellers soon took control, driving the price to AOI lows. Then, just before the London open, a sudden reversal up to DFP flushed out weak sellers via stop hunt. The passive seller, now fully positioned, got aggressive — and the market collapsed.
These cases show how hidden intentions shape market moves. Passive players strategically absorb and trap retail traders, only to flip the market once they’ve positioned themselves fully. With tools like Volume Terminal and indicators like cy75, these tactics are easier to detect — giving traders a crucial edge.
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