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Sell-signals

GBPJPY Long Setup & AnalysisAccording to the latest GBP COT Report, we can see that the Sterling is getting even a stronger upward momentum due to its increasing long size contracts. If we see this trend continuing, we can expect a possible 160.000 attempt, where there will be a second touch with the monthly trendline. We can expect this to happen in the upcoming 2021. After price got rejected a few months ago near the 125.000 area, we saw strong demand pressure. This pushed price above the 139.000 mark, and now we can expect a move towards 150.000. Then we can see how price reacts and if we see demand pressure kicking in once again, we can prepare ourselves for the 160.000 move. Right now, there is one possible scenario: 1. Price going towards 141, where it will get caught in our daily supply zone. Then price will fall to the daily demand zone below near 135.500. There we have a triple confirmation – the demand zone itself, the daily blue dotted trendline and the golden 0.618 Fibonacci level. This will give us an opportunity to enter a long trade towards the 147.000-150.000 area. Happy Trading!
Long
by SigmaTrading
8
Brent Crude: $44.50 is breaking 🛢TECHNICALS: Morning traders! Brent crude is reaching its highest level since early March on US stimulus hopes and ahead of the EIA oil inventory data. Strong breakout candle forming on the 1-hour chart. RISK SENTIMENT: Risk-on this morning, supporting higher oil prices. HOW TO TRADE: Looking for a pullback to previous resistance and trading pullback weakness. Strength in the correction might send oil back into its previous range, so be aware of a possible fake breakout!
OANDA:BCOUSDLong
by MujkanovicFX
EURNZD Long Setup & AnalysisWhen we compare last week’s EUR and NZD COT Report, we can see that the EUR is dominating once again with its long contract positions. This week we saw another huge increase and for the near future we can expect the EUR to hold its strong upward momentum. This may lead the EUR/NZD pair to reach the psychological 2.0000 mark. For more than 3 years now, price keeps respecting our weekly bottom trendline. It was broken twice, but demand pressure came not long after. This on the other hand lead to multiple attempts to reach the monthly supply zones near 1.80000 and 1.90000. The COVID-19 Pandemic pushed priced over the 1.90000 and it almost reached the 2.0000, but a rejection came right away, and we didn’t see a weekly close above 1.90000. A few weeks ago, price reached the bottom trendline and it received support once again. From a technical and COT perspective, we have 1 possible scenario: 1. Price moving towards the 1.90000 area, where it aligns perfectly with the 0.618 Fibonacci level of the previous down wave. If we see a strong break above it, a move towards 2.00000 may take place. While price moves towards the weekly critical zone, a couple of small corrections may happen. Happy Trading!
Long
by SigmaTrading
2
AUDJPY Detailed Analysis - Short SetupAccording to this week’s JPY COT report we can see that the Yen is stacking up even more long contract positions. We can expect it to hold a strong position among most of the pairs surely till the end of the month. AUDJPY has been in an uptrend since the false breakout in March 2020 where it reached the 60.000 mark near the monthly critical area. Now it has passed several critical zones without doing any correction and from a technical perspective it is a good time to do so before moving up towards the 85.000 area. The following structures give us a clue of how it will happen: 1. A formation of a reverse head and shoulders can be seen on the weekly timeframe. 2. A “M” formation can be seen on the 4H timeframe. On the 4H timeframe we are in a closed triangle structure which is coming to its end. After the strong close on Friday we can expect a second top in the daily critical area near 76.500. Afterwards the rejection will take place. Our target will be the 70.000 mark. Happy Traidng!
Short
by SigmaTrading
3
Silver Short Setup (XAGUSD) - Detailed AnalysisAccording to the last Silver COT Report we can see that it continues dominating “long” contract size positions. And that’s why I expect the price to go for a second top near the 22.50000 area. After price closed above the 4H critical zone at 19.60000 we saw a strong upward momentum towards the monthly critical near 22.80000. Price closed above two critical zones without doing any corrections, so now it is the right moment to do one. We have 2 good trading opportunities: 1. Since we can see the bullish dominance from a COT perspective, we can expect the price to receive support from the monthly critical near 21.00000 and then create a second top near 22.80000. After that, a strong correction will come into the play. It will most likely go down towards the daily critical near the 18.00000 mark. But we must be cautious with the 4H critical zone near 19.50000. A second top will be a good indicator for the build-up of a “M” structure. 2. The second possible sell entry will be at the neckline of our new “M” formation near 20.80000. It also aligns perfectly with the 0.618 Fibonacci level of the previous downwave and with the monthly critical area. Good indicators for an entry will be strong rejection from the critical zones! Happy Trading!
OANDA:XAGUSDShort
by SigmaTrading
6
GBPJPY Weekly Analysis - Long SetupRed zones- critical zones based on the daily time frame Blue zones – critical zones based on the 4h time frame Orange zones – critical zones based on the 1h time frame According to last week’s GBP COT report we can see a strong increase in the long “contract” sizes. Even a decrease in short positions can be seen within the long-term investors. This can lead to a strong break above the 136.000 mark. From a technical perspective we are in a closed triangle on the daily timeframe since the beginning of March. Its bottom and upper trendlines have been respected multiple times and right now we are just above the bottom one. On the 1H timeframe we are in a closed triangle structure since the July 6 and we are at its end. According to the COT data we can expect a second attempt for a close above the daily critical 136.000 area. Crucial is here to enter at the right moment and for that we have 2 good possibilities: 1. Price respects the daily and 1H bottom trendlines near the 134.100 area and goes straight towards the daily critical 136.000 mark, creating multiple higher highs along the way. 2. Price does a false breakout from both triangles and goes towards the “W” neckline on the 4H timeframe near 133.600 where it gets rejected. Afterwards it will go for the 136.000 mark and as mentioned above, it will create multiple higher highs along the way. A strong rejection on the 1H/4H timeframes from one of the zones will be a good indicator to enter. Happy trading!
Long
by SigmaTrading