COT Analysis - Currency Sector
A few weeks ago I was calling for shorts on 6J, longs on DX, and shorts on ZB. Those trades are well underway, with partials already taken.
This week, COT strategy is supportive of longs for DX. Of particular interest is 6A (AUD). The commercials are more short this market than they have been in over 3 years. This is a very bearish signal. I will be focusing on shorting AUD this week, as in my opinion, it has the greatest potential for a significant down move.
Have a great weekend.
This week, COT strategy is supportive of longs for DX. Of particular interest is 6A (AUD). The commercials are more short this market than they have been in over 3 years. This is a very bearish signal. I will be focusing on shorting AUD this week, as in my opinion, it has the greatest potential for a significant down move.
Have a great weekend.
Email tradiustrades@gmail.com for access to my free Discord.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Email tradiustrades@gmail.com for access to my free Discord.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.