The positions below represent the institutional positions held as of April 30th 2019!
📊 In the Markets: There is a lot taking place on the charts. With respect to the #pound we see the #pound getting stronger and pound pairs reaping the benefits of it. On the last weekly outlook video I outlined the potential trade signals that could present themselves soon and we should be watching these closely this week and the following. The thing here is that the current outlook on all other markets is against the current being produced with the pound. This is why I have decided to watch and learn from this situation especially with the institutions being non-biased during this time as well.
As for the other pairs it is pretty evident which biases are in place and the overall consensus is what we are currently basing our analysis and open positions on. The consensus continues to build its strength each week with minor positions changes that seem to be against the bigger picture. We can use these opportunities to learn why the positions move like such. For example, when we look at the current set of data for #gold one might think that the drop in short positions may hint at the short bias becoming weaker but that is simply not the case. If we did not look at the overall picture being made clear to us and if we didn’t have a deeper understanding of what is actually in play we might find ourselves falling for this trickery but the truth of the matter is the institutions are very clever and they know some retail traders examine the data and act emotionally and this is where the weakness lies. We’ve done our analysis and built a strong case for our current position and it will take much more than a week’s data to through us off.
Read the details in the full report and get a better understanding of why the decrease in short positions. ;)
Magic Trader!
🏫 White Oak University 👩🎓 Students 👨🎓 you can see the full report here: https://www.whiteoakfx.com/the-araujo-report
👇📺🚨 Here was last weeks video provided to members 🚨📺👇
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