Majority of traders and looking to short, why?. i dont know. let me give you a view why you should go long. Are you Ready
the institution cot data long position is way higher than the 13 weeks MA long position by 5k lots. the non-commercial sentiment favours long position by 51% while the rest is on sell side. from last 7 weeks the swiss net position are getting signs of bullish from -20k to 1541k(lots) respectively. The difference in net position of last 12weeks is just 32 lots this is very good cos it tells that big players are coming in. the 20 & 50 MA just crossed on weekly and poised to cross again on 1h. Daily ATR(14) just sucker punched 0.811 which is the highest on 14-aug-2019 like is nothing. so are you still looking to sell. the amswer is a yes or maybe all depends what time frame you trading with.
the institution cot data long position is way higher than the 13 weeks MA long position by 5k lots. the non-commercial sentiment favours long position by 51% while the rest is on sell side. from last 7 weeks the swiss net position are getting signs of bullish from -20k to 1541k(lots) respectively. The difference in net position of last 12weeks is just 32 lots this is very good cos it tells that big players are coming in. the 20 & 50 MA just crossed on weekly and poised to cross again on 1h. Daily ATR(14) just sucker punched 0.811 which is the highest on 14-aug-2019 like is nothing. so are you still looking to sell. the amswer is a yes or maybe all depends what time frame you trading with.