I’m watching this for long positions. Very small lot size.
What I see is an over extended market, I believe as many other that this is fueled by light monetary policy’s. But the Fed has tried to roll back these measures only to be scared into capitulating and easing policy’s again. My question, if this virus gets much worse, will the use this as the reason to allow a much needed correction?
Watching this for a push down. It still needs confirmations.
This is a chart I’m watching on 4hr for a long position.
I’m looking for the blue arrows to complete, but if the market forms a double test at the most recent retrace high, we may push lower. Coronovirus is not the driver behind these most recent Crypto moves, in my opinion.
Recent COT has NZD getting real strong, last weeks reports have NZD as only slightly stronger, but yet overall still short (49.5%-50.2%). USD has been getting weaker, but not by much and it’s still very heavy long position (+13,000 positions heavy or 70% long). I’m watching for this to go up. Adding to the NZD strength, and confirming USD weakness (Fed goal).
I’m watching this on 4hr TF for a long entry. Live but no pro...
Although the Fed is trying to weaken the USD, it seems to be adding long positions still which still causes a very heavy long bias in the COT, so I’m watching this on lower TF to push up for a H&S and then start pushing down to fill the ABCD that seems to be forming within the idea. Trading live, but not a professional, or an advisor. Trade at your own risk. Own...
COT has shifting pressure into the yen and away from the dollar (latley) and the Fed is doing about everything it can to make the dollar weaker, the COT still have very heavy Long positioning on the dollar. I’ll be looking for long entries at my zones.
NZD has strong COT numbers, but so does JPY recently and war drums make that even stronger. So, I’m watching on 4hr for entries for this to move to 75.5.
Just not sure this is done rising yet, I’m looking at 4hr for short to $58.50, but from there I’ll be watching for posible long. Simple, impulse correction impulse.
Wildfires wreaking havoc on AU, War drums in the East. JPY safety net factor will come into play soon. Cot has large JPY shifting longs but AUD has some longs shifting also. But not near as much as JPY (JPY 39% and AUD 53% are heavy bearish still). So, I’m expecting strength in JPY to continue overwhelming this pair and driving it lower.
I’m watching for this for a short. Have not reviewed COT reports though. GBPs have been crazy bullish and AUD has been shifting bullish while still heavy short positioning. I’ll need it to show bearish actions prior to any trades.
Keeping an eye on ACad to pull back into the current fib and zone supports that we’re past resistance.ill be watching price action on the 4hr at the .50-.786. The 786 is preferred here for RR. If I cAn find bullish price action on the 4hr I’ll be long to .92, to complete the ABCD.