We can see accumulation of long positions in blue square ( sell stops being hunted for liquidity, price bouncing off a range and no new lows being made), than thrust of price upwards.
Than pull back in which we are at the moment.
OI : Falling interest rates of aud/cad in last day suggest that falling trend we are in is coming to an end.
COT : Steady rise in...
I save this chart so i don't have to remake all this chart setup later.
If us bonds go up it will strengthen dollar, if german bonds go up it will strengthen euro, so we look for divergence where 1 goes up and second goes the other.
Point of control, of volume profile, of yesterdays session is at about 0.909 level. It was establisch after a drop from level of 0.912 which indicates strong sellers in that area. The AUDCAD is also in long term down trend that started 5 months ago. This pullback from this down trend ( seen on h4 ) is longest one reaching 240 pips. If the level 0.914 was peak, we...
Guppy indicator is very bullish, but to get long we will need to wait for bullish price action candle to form (hammer etc) . Sl at about 20 pips bellow low of previous candle, Tp as high as 138 or lower ( or hold as long trend lasts)
Economic release bullish for brent gapped the market, but banks and big investors didn't accumulate long position, yet so they might try to creat short perception of market falling in order to get retailers to sell, and then accumulate postions taking the other side of their trade. so plan is simple: wait tilll price drop significantly and than wait for some...
