We've been tracking the trading of retail investors/traders and have seen as they have accumulated a strong long position. We've been warning our members to stay out of the $EURUSD because the banks are in the process of offloading their longs for profit taking.
As you can see lately the banks have been closing their longs and this is why they have been working hard to lure retail to buy the $EURUSD in order to facilitate their profit taking.
You might ask yourself how did the banks lure investors to buy the $EURUSD? Well look at the results of the interest rate hike and then the #USD negative inflation results. look what ended up happening with price. You think investors bought at that news? Yes we know they did!
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