Based on the Commitments of Traders data reported on: April 28th 2020
📊 In the Markets: We continue to see a lack of real momentum catch on in these markets. Sure we have a move here and there BUT these moves are going nowhere. We know the reason why and this is important. The cycles that are in play right now are not momentum related and knowing the difference between momentum related and unrelated cycles will allow you to identify times to trade and times to sit out. Looking at the #Dollar we know that price is playing out a monthly ranging cycle and we know from classroom session studies
that in situations like these, price can take some time to eventually break out of the cycle. We are dealing with a monthly cycle so it will take numerous monthly for this to happen.
Last week we saw how #Oil rallied and closed within the monthly demand. This is not a coincidence that this happened. I laid this out in a #MarketOutlook session last week and I knew this was likely going to take place because of what we’ve discovered about the markets in the numerous sessions we’ve done besides the years of sessions I’ve done previously. We now have a monthly demand zone in play and with this we can safely expect some upside will be in play in the weeks to come. #Oil is going to get HOT, with economies firing up their engines, #oil is going to make resurgence and these charts are ready for it.
The #USDCAD is another chart I think will be setting up soon. I’ve applied the Sherlock System to the charts and we are waiting for a signal to be produced and when that signal is produced we’ll be engaging in a long position.
🎩 Magic Trader!
🏫 White Oak University 👩🎓 Students 👨🎓 you can see the full report here: https://www.whiteoakfx.com/the-araujo-report
🚨🏆 Win a FREE month tuition paid by us by following us on Twitter @WhiteOakFX and Retweet our links and SHARE our YouTube videos to continue getting them for FREE!
👇📺🚨 Here was last weeks video provided to members 🚨📺👇