The positions below represent the institutional positions held as of October 1st 2019!
📊 In the Markets: Evidence is starting to present itself in the markets suggesting that reversals might be in store. What exactly are we looking at? Well upon some examination of the positions held by the institutions what we can see is that they are extremely aggressive with their positions on every major currency pairs except the #dollar pairs (#usdjpy, #usdcad and the #usdchf). So what this tells us about these extremes is that when we look at the historical charts we can see that when the institutions have been this extreme with their positions a subsequent rally took place on the charts. What is interesting here is that the #dollar pairs are not at the extremes like these other pairs. #Gold is another chart that we see extremes and what has started to take place is profit taking and a reversal. With this is mind, we have to be very careful in continuing to engage in the markets with the higher timeframe trends that are currently in place.
As for the #dollar pairs, we’ll be monitoring these for signs of reversals as well considering they typically will move in relation to the other major pairs. This will be a really good learning lesson what we will discover in the next few weeks and I am certainly interested to see how this will play out.
The next step for us will be to determine the strength of the higher timeframe zones that price is currently reacting from to determine the next move that price will likely take. This will be the focus of our next Forex Market Outlook video as we feel this investigation is necessary and will produce some very valuable information to guide us in the months ahead. Needless to say we’ll be reporting our findings very soon and will update you on the specifics of this investigation and our eventual conclusion.
Until then, be safe out there in the markets as you now have been made aware of the conditions we are heading into! ;)
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