AUJ/JPY 1/25/2021 19:30
Fundamental/Sentimental
Cot: Correlation with hedge funds seems to be there but very inconsistent. The Japanese Yen is the only one that moves price sometimes preceding, the Australians are a joke and they always lag behind, sometimes far too late.
These banks change their positions so frequently, it’s hard to say but some likeliness more longs will enter the market, although previous longs form last week have not affected price.
News and Events: CPI report may encourage MM to dump some orders on the 26th and 27th.
Technical
Time Frame Analysis:
Monthly
Exhaustion on impulse to the upside
Touching a supporting trend line
Entering a very strong structural level very weak
Monthly promises near shorts
Weekly
Sellers have not come into the market for quite some time
Seems unlikely that buyers could possibly push this any further
Consolidation is the most optimistic scenario for buyers
Structural level at the top of the 1st impulse is attractive
Daily
Too much exhaustion
Very much oversold, but sellers don't have too much control over price action
4H
More exhaustion, buyers can't fight off sellers rn
Indicated by H&S as well
This is suspiciously easy
Indicators: RSI supports shorts 100%
Entry
Order: Market Sell
Position: 0.02, 5000USD
RR: 3.46
Fundamental/Sentimental
Cot: Correlation with hedge funds seems to be there but very inconsistent. The Japanese Yen is the only one that moves price sometimes preceding, the Australians are a joke and they always lag behind, sometimes far too late.
These banks change their positions so frequently, it’s hard to say but some likeliness more longs will enter the market, although previous longs form last week have not affected price.
News and Events: CPI report may encourage MM to dump some orders on the 26th and 27th.
Technical
Time Frame Analysis:
Monthly
Exhaustion on impulse to the upside
Touching a supporting trend line
Entering a very strong structural level very weak
Monthly promises near shorts
Weekly
Sellers have not come into the market for quite some time
Seems unlikely that buyers could possibly push this any further
Consolidation is the most optimistic scenario for buyers
Structural level at the top of the 1st impulse is attractive
Daily
Too much exhaustion
Very much oversold, but sellers don't have too much control over price action
4H
More exhaustion, buyers can't fight off sellers rn
Indicated by H&S as well
This is suspiciously easy
Indicators: RSI supports shorts 100%
Entry
Order: Market Sell
Position: 0.02, 5000USD
RR: 3.46