The positions below represent the institutional positions held as of July 16th 2019!
📊 In the Markets: We begin yet another week and when we take a look at the majors we can see a consensus among the majority of them. Their stories are very much aligned. Then we take a look at the #Dollar and the #eurusd and we can see that there is a chance for a much larger move then the storylines of the others. We detailed this on the latest Forex Market Outlook session we did on July 19th 2019 and you should have a watch if you haven’t yet! So what do we do now? Well, we went through the markets on that session and I detailed some great opportunities that look to be setting up. The #audusd is one chart I like for a short and it would be from the weekly supply we have higher up in the chart. The #audcad is also a good contender from its weekly supply as well. Have a look at the outlook session and see what we are spotting as good trades and more importantly learn the reasons why these will make good trades.
We will continue to monitor #gold for a pullback to allow us entry in a long position. We noticed some upwards movement last week which failed to close above basing which tells us nothing has been solidified yet. We are also watching #oil for a short trade signal to be triggered.
Most #pound pairs are hitting higher timeframe demand zones so we know the bias on the #pound will be strength which is also aligned with what we see on the #eurusd and the other majors. We will be watching these pairs closely this week and the following weeks to see if they will provide some opportunities to eventually get in short. Interesting times indeed and the markets will provide much to learn from for sure!
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👇📺🚨 Here was last weeks video provided to members 🚨📺👇