The positions below represent the institutional positions held as of July 30th 2019!
📊 In the Markets: With the markets dynamics shifting last week and which we spoke about, things have indeed become more interesting. We saw the #dollar ally and break its weekly momentum shift supply and we discussed the reasons why, and we also knew that with that obstacle being removed it cleared the path for a move higher and that is exactly what took place this week. Since this move higher we have had the weekly supply hit which was the target for price and now we are seeing the reaction downwards from this supply.
The #eurusd started rallying upwards after falling short of hitting its weekly demand but it is being driven by the reaction from the #dollar. The #eurusd has just validated a new supply area that will be ideal for getting into a short position as well.
The interest rate was cut on the #dollar and the vast majority of retail traders were expecting for price to drop and for the #eurusd to rally. This is the exact opposite of what we were expecting as we knew that the #eurusd had just removed demand and opened toe doorway for a move lower. This is what we always talk about in terms of retail traders being manipulated into thinking price will move in the opposite direction from what the #institutions are planning. This is why the media and fundamentals don’t matter when it comes to trading. All that matters are what the main players are doing and that will always provide us with the answer, without fail!
🎩 Magic Trader!
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👇📺🚨 Here was last weeks video provided to members 🚨📺👇