The positions below represent the institutional positions held as of September 10th 2019!
📊 In the Markets: As we enter a new week we must be aware of the many key pieces of information we have. As mentioned below in the detailed analysis of the major pairs we can see that the institutions are in a profit taking phase right now. Getting involved in the markets during this phase can be risky unless you know exactly what you are doing. As for the #gold short theme position we are entering because we know that the major supply forces that are in play right now are significant enough to drive price lower in the charts towards our targets. We also know with respect to the #audusd theme short position that the market structure is such that it supports opening short positions which should take advantage of how the markets will tend to move when it is structured as such.
This week we saw the #eurusd rally upwards from some demand which is what we’ve been speaking about in the last few reports and is the reason why we exited our theme positions. We have to be careful with the #eurusd right now because we don’t know if price will drop further to actually test its monthly demand or if price will continue upwards. What we do know is that the euro dollar has hit the descending weekly trend line and the next natural move will be downwards and this is combined with the #gbpusd hitting its weekly supply as well as #gold and the #audusd.
In times like these the best path to take is to see the evidence we have before us, examine its meaning and decipher what it means in terms of price movement for the week. We have done this and our findings have been outlined in the report below. Have a read! ;)
🎩 Magic Trader!
🏫 White Oak University 👩🎓 Students 👨🎓 you can see the full report here: https://www.whiteoakfx.com/the-araujo-report
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👇📺🚨 Here was last weeks video provided to members 🚨📺👇