As Euro Dollar Was Trader Lower two Weeks a go Trying To Make A Bearish Trend The OI Was Negative As The Price Move Lower. This was The Indication!! That Down Trend Is Weak And Sooner Than Later It Will End.
Since A Couple Weeks Ago, Institutions Were Adding Long Positions As The Price Was Trading Lower, They Were Accumulate Long Contracts.
This Week Data Showed...
next week forecast April 13th to 17th 2020
institutional positioning is not magic but we have to know what they are doing! to better understand the market.
as the price was falling since 5 weeks ago they cooled off their shorts toward 1450, and now they are cooling off longs as the market starts to bounce higher...
this week's data shows that they gave back long...
Institutions cooled off their short exposure when the market moved aggressively down toward 0.5500 roughly.
and they also, increased long positions to give them back to retailers in order to wipe them out of the market so they can start the bullish move without them at least.
based on the last positioning report
institutions gave long positions to retailers to...
since the beginning of 2018, the GBP/USD pair was trading lower, forming the first point of our expanding wedge. On August GBP/USD corrected the down move forming the second point of our expanding wedge. And before 2018 ends the pair drift lower back again to form our the 3rd point of our expanding wedge.
At the beginning of 2019, the pair start to retrace from...
Last CFTC Report Shows That Long Future Contract Were Added
BUT WHAT Dose Happened Last Week We Saw The Price Moved UP
After We Broke That Descending Channel, Price Get A Tremendous Boost To The Up Side And We Took Off Some Fib Levels As Shown On The Chart ....
Now We Are Facing A New Fib Level And A Round Number @2500
After What Happened On 2019 Low A round...
We Are In A Great Bull Market
Market Will Not Move In One Direction
Deep Correction Expected Before We Break Above 1800$/OZ
RED ALERT WE WILL START A CORRECTION PHASE
I Will Break Down My Analysis Later
We Do Reach The Maximum Point Last Week , Correction Is Expected
$GBPUSD Is Telling Us A Great Story On Market Dynamic Structure ..
A Lot Of Event And Moves Happened At The Bottom
In Which It Indicate A Tremendous Potential Reversal
Inverted Head And Shoulders
BUT BUT BUT We Have To Check Both Side OF Our Brain ( Not To Be Left Sided, Nor Right Sided) No Body Is Right 100%
Since The Beginning Of 2019 The None Commercial Traders Were On The Sell Side, We Can See This Clearly On The Chart, Until Feb They Start To Reduce Their Shorts And Preserve Longs....
How To Read This On The Chart? As You Can See There Is A Tremendous H&S Pattern With A Perfect MACD Divergence
The Target OF The Head And Shoulders Was Exactly At A Strong Fib Lvl...
its been so long that i haven't make any analysis BUT we are back to work worrier traders
$GBPUSD is trading near 2019 low, but it is not the right time to buy dips i rather prefer sell rally based on my analysis and my view point you take your own risk to trade this is not a trading signal it is my own view and i will take my own risk to do it ....
Hello fellow traders .....
as we can see from the shares number SMART MONEY are building long positions since AUG and market reacted to that with a 160 pip move north, nonetheless they also build short positions but market did not reacted to that
this give us a clue that SM are preparing to push market higher .
technical perspective, SM manipulated the market @...
$nzdusd bought from retailer
smart money do not interested on buying these levels rather they cooled out longs waiting better prices
my point of view :
as we reached weekly open i would love to sell this instrument to offset retailers
$audusd is trading in a range bound this week, but banks sold shares to retailers ( dumb money )
waiting this market to break the descending channel to start avg short positions as we go contrarian or offset retail shares
my point of view selling the rally only
AS retailers buy back banks quantity of $EURUSD shares this week i would love to see this pair to the south side
but institutions still have big big buy shares, looking to bigger picture we can see a great development of reversal structure (H&S)
i cant guaranty that, but probability is high as they will cool down shorts and add longs
my point of view we have...
as @Canada breaks the down channel to the upside , loony have one of 2 choices
1- retest the upper boarder of broken channel ( 80%)
2- boost the buy pressure of $USDCAD(30%)
so what we have to do ?
from my point of view as banks selling shares to institutions (smart money) this week usdcad will move lower
nonetheless smart money are bet on selling #usdcad...
as you can see after we broke last resistant turned support i was talking about how lovely it might be in my previous analysis ...
as structure leaves clues this broken resistant must retest soon or later, but the question is do we have top formation at the moment, looks like a head and shoulder pattern if its activated then we may see price retest that broken...