The positions below represent the institutional positions held as of September 24th 2019!
š In the Markets: Another wee has passed and this time, with the current set of data, we can see what the institutions did after the contract expirations. Upon examining the positions we can see that on some pairs they increased their positions right back before the profit taking took place. For instance, take a look at $audusd and see what they did. Upon contract expiration they closed off a large portion of their shorts for profit taking and this was likely offloading shorts to retail traders as they sold short too late. Then at the highs they bought back those shorts as retail exited them with the rally. Now they are back in on those shorts at better, higher prices and then we saw a decline, which we are taking advantage of as we entered alongside the institutions before the drop.
We take a look at #gold and we can see the institutions are doing exactly what they do every time price hits their supply targets and they are extremely aggressive with long positions. They have started taking profits while also luring retail traders into taking their positions. We see that rally back up into daily supply was caused by them increasing longs as the retail traders sell their longs to them. Itās a perfect balance of retail confusion and perfectly executed algorithmic trading on behalf of the institutions. Now we are at a very crucial point as we have the #eurusd touching the proximal line of the monthly chart and this would lead us to anticipate a move upwards is in the books and when combined with the many pairs whoās positions are already aggressive to the short side, we are starting to see many elements support a drive upwards from the #eurusd, #gbpusd, #nzdusd and the rest you can read about in the report.
So be aware of the evidence and make sure you know the signs of the reversals when they present themselves. Weāll be monitoring closely!
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