COT
Eur/Usd Bearish 80 Pips towards 1.17300 LevelSelf Explanatory
------> Weekly and Daily Price in a consolidation and price is above the upper range at resistance level. also a point of control based on previous months
------> H4 and H1 market Structure has confirmed a shift to downside and price is testing the weekly resistance level
Overall in h1 timeframe we are forming a nice bearish flag pattern. price in now testing the broken flag as resistance for a continuation to downside.
Risk Management PLan
1. The setup give nice risk to reward of 1;2
2. Our entry is based on multiple confluence ( pattern, market structure,fib level and SNR level)
3. Be patience and wait for london session to open and see how this roll towards the new york session
4. Trades become invalid if the price crosses 1.18600 level. we could expect a fakeout based fundamental of European Central Bank so have an eye on that today
Overall everything looks solid
Follow me for more highly anticipated setup!!!
Corn Short, Based on COT data and TAZC1!
Commercial accounts are currently net short on corn futures contracts (-355k contracts), while as noncommercial accounts aka, Retail traders, are net long (+411k contracts). These two positions are at extreme polarized ends of the play. Usually commercials tend to be net short on any asset but its the extremes one should keep an eye on.
Corn is currently at a basing pattern, with a previous impulsive move to the downside. Entering at a base is relatively risky, since the pattern can either turn into a drop base drop or a drop base rally pattern. So one can play this two ways, enter short at the base with a tight SL so if an impulsive move to the upside were to occur, you will stop out with minimal damage. Or, wait for the pattern to play out and if the pattern is a drop base rally, then short a potential double top. The play I am making is short at the base of this pattern with a SL at 407'5.
Targets for the short are
- 0.5 retracement
- 0.618 retracement
- 0.786 retracement
- 305'4
I will be taking profits at each target, with the last target being a runner position.
DXY (Dollar) Strength or continuation of fade?TVC:DXY
Straight to the point, Dealers are accumulating DXY, going long, extreme long 90%+, while as speculators (large spec/small spec aka RETAIL traders) are extreme short. Clearly we are within a downtrend for DXY, with a potential bear flag in the making. Yet, with the knowledge of dealers being extremely long on the dollar, this could be a pattern of accumulation. Which would set off a chain of short squeezes to make retail lose money (as always). Right now, it looks like DXY has found a base and has created 2 higher lows from the previous low, which is a bullish sign. The red dotted lines indicate an area of supply where there are sellers waiting with positions. I am NEUTRAL currently because I want to see either a breakout of the current downtrend line or a breakdown at the downtrend line. If its a short, short to the lowest white line. If its a breakout, wait for a retest of the downtrend line and long to the supply zone. Since it is near the election and end of Q3 going into Q4, most market participants want to go risk off and go full cash.
TLDR: Dealers extreme long on the dollar = DOWNY EQUITIES
GBPDon't trade your position in one trade. Allocate in blocks and average them like an institutional trader.
- Noncommercial long positions have increased by 3,6% as short positions have decreased by 4,3%. Long contracts remain less than short with 2K.
- Long commercial positions have decreased by 3% to 80K, as the short have increased by 3,1% to 76K
AUD/USDAUD
Last week AUD made gains with a rising volume, but the price range is still in a neutral zone. For the time being, no trade is recommended.
If the price breaks the channel upward, it has two resistance zones.
- Sell zone 1, as it is the start of the sell-off 21st September - Strong resistance
- Sell zone 2, a two-year peak - Stronger resistance
- Sell zone 3, every price above the top - Strongest resistance
On these zones, we need to see a lot of supply as sell orders should be allocated based on them.
Remember, supply and demand appear on the opening hours of London and New York, so don't trade on any sign of weakness.
COT
- Noncommercial positions have decreased both, long (-2,7%) and short (-5,6%), as long contracts remain more than short with 7K more.
- Long commercial positions have decreased by 1,8% to 44K, as the short have increased by 1,6% to 60K
EURCHF - NEXT MOVE - COT REPORT - SEASONAL Hello, Traders! We are currently looking for a nice push to the downside from EURCHF. As risk leaves the market once again we can see an Increase in Long orders for CHF as investors move their money into safe bonds and low-interest currencies such as the CHF/JPY. We can also see short orders being added for the EUR over the last two weeks showing a possible change in the overall direction and strength for this currency. Seasonal data shows a decrease in value during the month of October which is expected from the EUR. However, we have yet to see this!
AUDCHF_COT_SHORT*SWING TRADER*
*_PATIENCE IS THE VIRTUAL,GOLDEN RATIO I RESPECT_*
*_TRADE WITH PATIENCE LIKE A TURTLE-LIKE A TURTLE SILENT IN IT'S OWN SHELL_*
Backed up with COT data on what Hedge funds are doing we have MORE shorts and LESS longs...AUDCHF has tested the 0.64917 resistance level.
Entry: 0.64932
Stop-loss: 0.65310
Profit target: 0.63615
Ratio: 3.48
AUDCAD_COT_SHORT*SWING TRADER*
*_PATIENCE IS THE VIRTUAL,GOLDEN RATIO I RESPECT_*
*_TRADE WITH PATIENCE LIKE A TURTLE-LIKE A TURTLE SILENT IN IT'S OWN SHELL_*
Backed up with COT data on what Hedge funds are doing we have MORE shorts and LESS longs...AUDCAD has tested the 0.93845 resistance level.
Entry: 0.93848
Stop-loss: 0.94513
Profit target: 0.92217
Ratio: 2.45
USDCAD - Buy BiasI am extremely interested in buys on most XXXCAD pairs but USDCAD in particular. After analyzing the DXY I have a strong feeling that bullish pressure is imminent. I would like to see a pullback into the key area marked followed by significant rejection before I consider my buy position. We need to ensure we see signs of rejection because if we don't we could simply be witnessing a liquidity grab from sellers before the bearish trend continues.
COT Data - 79% Long
IG Client Sentiment Data - 79% Long
GBPJPY - Get that Wick EntryWe managed to pull off an amazing stunt last week with that lovely wick entry on GJ, we are now looking for more potential buying opportunities. I have marked out a zone in which I think price will tap into before continuing to the upside, you may want to consider setting some orders at that region if it fits your analysis.
GBP is proving to be very tough to trade recently giving us a yo-yo of price action movement so make sure you tread carefully when trading it.
COT Data - 53% Short
IG Client Sentiment - 53% Long
CHFJPY - Trend FriendSeveral people will be seeing wick rejections and start thinking this is it, lets buy immediately. The market knows better and will most likely come down to grab liquidity before moving off into our desired direction. I have marked a potential area of interest where you can look to buy, if we get a buy setup at all in these mad markets!
Definitely a good pair to add to the watchlist.
COT Data - 84% Short
EUR|CAD Long OpportunityFX:EURCAD
Leave a like below as well as a comment if this is helpful, it is always much appreciated!
Currently the EUR/CAD is Selling off, looking to retest a recent low at 1.54270
Tomorrow the CFTC will release this weeks COT data report and upon analyzing it, we can have a better idea of the direction that price action is heading. ** I will update this analysis once the report comes out**
If we can see a strong support around the recent low, we can expect bullish continuation which would help shift the MACD above the 0 level as well as crossing the Signal and MACD SMA lines back up indicating bullish action
POUND STERLING COT. GJ EXCHANGE COT. All LONG but Fibogroup.
POUND STERLING COT. GJ EXCHANGE COT. All LONG but Fibogroup.
GBP Futures COT CME Big Long / Retail Short. COT GJ Overall Sentiment Long. Most Retail Exchanges Long but Fibogroup in Austria 56% Short.
i don't think i'm aloud to leave links but google FXSSI current ratio. :)
luv u buddys
OANDA:GBPUSD
BRITISH POUND STERLING - CHICAGO MERCANTILE EXCHANGE
FUTURES ONLY POSITIONS AS OF 09/29/20 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF GBP 62,500) OPEN INTEREST: 159,049
COMMITMENTS
39,216 51,961 5,384 88,988 78,464 133,588 135,809 25,461 23,240
Retail Exchanges in the COT
FiboGroup Austria . 56% Short
IGG Chicago
Dukas Swiss,
Saxo Denmark.
Oanda New York
Insta Cyprus . only 50.7% long :slot_machine:
:slot_machine: :slot_machine: :slot_machine:
I’m not short. I'm looking to short. I'm looking to get in and get out. I'm looking to Long Dollar. I'm looking to stack pips into cash. I'm looking for 10 pip 10 lot cup o coffee afternoons. We'll see, someday, til then: self brew'd teaspoons, middle of the night.
$EURUSD Weekly Outlook - To Summarize - ShortCoT has the commercial banks shorting the EURUSD still. Yeah, they added a few long positions this weel, but that was to get back to a level they wanted to add more shorts. They/ve been shorting since the height of the Pandemic swing. so for the Central banks to start being profitable, the price will have to be below 1.13500. If you draw a fib from the start of the EURUSD commercial shorts to the height of the commercial shorts, you can see it unfold in the fib extensions where price wants to reach.
I personally like to see a bit of a larger retracement to the green box notated in this chart during the London/NY session before aggressively going short.
Plus theirs divergence in the 10 year bonds between the currencies. As most are going up, the EUR is taking a dip as of recent.
DIVERGENCE IN 10 YEAR BONDS
Strong Bear tendencies this week. It will be London op and NY open to find the best setups to go short.