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This video is about the tool on Myfxbook website which we can use to understand what retail traders are doing it can helps us to understand what the banks will do to make them loose.
Couple important and strong confluences are now happening on the AUD pairs as AUDUSD, AUDCAD, AUDCHF, EURAUD. Are the banks slowly getting ready to reverse long term downtrend on the Aussie? Please watch this short video where we describe why we thing that the reversal is coming soon.
Price is supported on the weekly demand zone. Durring the summer price moved higher and than back to the prices around 1.30 as it was before only the banks now have same exposure longs on which they took profit and they have much less shorts as I mentioned on my latest video. It tells me […]
Pair is strongly dropping of the tested monthly supply zone which is in control to the monthly Demand zone. But on the level bellow /yellow line/ there is confluence of Monthly, Weekly, Daily Demand. I will speculate on the bounce of this zone with small position size and stop loss bellow the monthly zone and […]
Price is still around monthly Downtrend line. Supported by weekly demand zone. By looking to the COT data I can see that tha banks durring summer moved price higher with adding long positions and then they dropped it lower. Basicly price is at same level as it was before only they quietly changed their longs/shorts […]
Monthly is in consolidation and pair is droping from monthly supply which is in control and pushing price lower. Weekly and Daily downtrends now in the weekly supply zone with nice rejection as well in the nested daily supply zone. This confluences and considering that banks are shifting their positions exposure to the short side […]
Banks are still holding massive long positions on the USD index. They used last week correction for adding closing their shorts positions and now the price is in the weekly demand zone and is ready to continue higher. H4 timeframe already have nice momentum shift for move up. I believe price can continue at least to the […]