EURUSD 13 Oct 2020
Updated
Not legal and financial advice; any information provided here is only the personal opinion of the author.
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When I read COT reports review now days I have only one question...Where have you been when fiber was at 1.0770/80 ? You were deeply in shorts and expected it going lower to the parity at least.
Now you mostly all looking at over crowed eur longs and expect banks to push it further up 4 you?
NO, they will not. They will to offload longs to you.
They just everyday trying to hint you that buy is possible.
Smart ones already sell to you longs positions, we have a few the main greedy left.
That's all folks!
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retail 62 percent still short and this is some kind of expectations to keep going higher against retail? A lot of risk and with big data miss in ZEW today shows that eur not a safe heaven story.Trade active
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Order cancelled
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If Gold going to fall why Fiber are not going to do the same?Note
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Market imho will buy until we above 1.1732, a tick lower and 50 pips downside expected again?Note
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What is a point also... We have a notable reduction of retail traders short fiber almost 5 pct 4 the day. And we can expect that it was not profit taken, it was run away "thanks to Lord, I did not lost..."Note
This is key level... in other words - 1.1739 eurusd and 93.51 in DXY.Note
You remember I told you... When you will get to 50 or long they will drop the price? we are near that thing?Note
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Folks I do not want to scary you, but only 56 percent retail traders short eur atmYest it was about 64 percent...
In less then 100 pips almost 9 percent were washed out.
Still thinking about long EUR / short USD? Good night.
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