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๐ŸŽฉ๐Ÿ”Ž $EURUSD ๐Ÿ“Š Retail Sentiment as a Short ๐Ÿ”ด๐Ÿšฆ Signal

We recently had a rally on the $eurusd and this rally was the result of the:

  1. Descending trend line being broken on the 4h chart.

  2. New institutional demand came into the market and drove price higher. This resulted in the institutions reversing price back down to that demand zone and using it to propel price up to the current 1.0798's.

  3. We currently have retail sentiment showing us that they hold about 71% of there overall positions to the ๐Ÿ”ด short side.

I have a sneaky suspicion that if/when retail positions reach the 80% - 85% mark, then we will see a large drop in price. So keep an ๐Ÿ‘€ eye out for that!

1 comment

1 Comment

Hmm. That's interesting. But won't the big institutions need retail traders to be bullish to have enough liquidity to take short positions to drop EURO down?

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