first support is $16.50 we break then we go back down to $14.47. I am bullish still on JMIA. I have been buying more conracts. My PT is $18.60 & $23.60 once $18.60 breaks. I expect this stock to run up again before ER
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....
FX:EURAUD EURAUD is reaching the lower trend line. We would like to see if it breaks we will sell and if it rebound we will buy.
Please hit the "LIKE" button if you find this post useful. Also, don't forget to follow to get more trade ideas. Thanks! TECHNICALS: The GBP was the best-performing major currency in July, indicating the possibility of a mean-reverting behavior in early August. The pair has already reached a major daily resistance level where sellers joined the market and pushed...
The price is currently trapped in this Symmetrical Triangle. Let's wait for a breakout to go long or short. Always keep in mind it is a game of probabilities.
According to last week’s JPY COT report we can see something interesting. Even though the JPY is overall dominating with its long size contracts, we can see that there is a sudden increase with the short ones as well. The size of the third and final downtrend wave is determined by how fast the dollar can recover and therefore we have 2 possible scenarios for...
The GBP keeps maintaining a strong short-term momentum in favour of the COT long contract positions. This may lead to a re-test of the 140.000 area. Still we should not forget that the short contracts are still with much higher sizes. From a COT perspective as well as from a technical one we can see that GBPJPY still has some space to move towards the 140.000...
COT (Commitment of Traders) perspective: The long contract sizes still dominate over the short with record highs. This indicates us that price still has space to move towards the weekly supply level. The bottom weekly-trendline got respected 4 times and last time price received strong demand pressure. Now it is currently in an upside momentum towards the...
According to last week’s COT Report, the silver still holds a strong “long” contracts size position. The interesting thing to notice is that the “Producers” are putting some sell pressure in the market. This may result in a small correction towards the previous monthly critical area near 21.00000, after price got a strong rejection after the attempt to close...
According to the last few GBP Reports we see that the long contracts are starting to regain momentum. This will most likely lead to a move towards the upper-monthly trendline near 1.35000. 1. On the monthly timeframe we can see that price got strong support from the monthly critical after it rejected the break-attempt in March. 2. On the weekly timeframe we can...
The latest COT Report came once again with dominating long positions just as we predicted. But now we must be a bit more careful since the “Dealers” short contract sizes are above 400 000 right now, which is with more than 100 000 more than the previous record. Any time a trend-reversal may take place. On Friday price broke over the upper-monthly trendline....
GBPJPY approached green zone (support resistance/supply demand), broke it and came to my stophunt zone (red) because I know there are pending orders at that level. Waiting for price to either respect the ltf support zone (grey) or come back to the ltf resistance zone (grey) and either respect it or break above it so that traders can get better price to sell.
I was expecting a fall this week for this pair but it seems like it might keep going up. I will keep an eye on this for confirmation before entering again. That sell there was for last week so don't follow it. It might not go down any longer but will go up. Only confirmation can give us where to enter this coming week. For accurate entries, exit, SL, and TP send...
According 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...
According to last week’s EUR COT Report we can see that the long contract sizes are not only dominating the long/mid-term trends, but also there was a huge increase from last week as well. Last week we did amazing on the EURCAD pair. Price finally went over the daily and 1H critical areas near 1.55780 and now we have a great trading opportunity: 1. Price...
According to last week’s COT Gold report we can see that it still holds the dominance in the “long” contract sizes. If this trend continues an attempt for the 2000.000 area is possible. A few weeks ago, we predicted that the price will reach the 1860.000 and it happened. Before that it consolidated for more than a week, when it finally broke the closed triangle...
Hello Traders, Here's my analysis using the Elliot Wave Theory, in my opinion I think it'll be heading to 1900-1950 zone before dropping.