ErnieTrades_

ErnieTrades_

Enty: .8763 SL .881 TP .8630 Technicals: Price breaks zone, retraces on same and continues down. good market structure. Fundamentals: COT data strong. Retail money is 70% LONG. Therefore we go SHORT

ErnieTrades_

Entry: .8607 SL: .8575 TP: OPEN (Will be trailing SL) Technicals: Strong Uptrend on the DAILY chart and WEEKLY. Going down to the 4H TF, we see a bounce off major support which is also on the 21 EMA. Fundamentals: Scoring high on the COT data. Retail sentiment showing strong bias to the short side. Retail traders are 70% short. As mentioned previously, often...

ErnieTrades_

Like my previous analysis, i am looking to see if OIL rejects or breaks the trend-line which is at the $80 level. Coincidentally, this is also where the 50EMA is at. I would want to see what it does at he 80-81.4 price. 80 price is at the trend-line and 81.4 is the previous resistance. If it breaks that level, we can see a nice push to $90s. If we see rejections,...

ErnieTrades_

Looking to go LONG on GBPUSD. In recent times, we have seen the dollar weaken. Looking at the DXY, I see some room for further drop. It is approaching a key level of support at around the 101.5 price when looking at the weekly and monthly chart. This week there is a high impact news for GP releasing their CPI numbers, but it is my sentiment that the market has...

ErnieTrades_ Updated 

Entry 1.0590 SL 1.0840 TP: Open Feel the EUR will continue to see further struggle as the energy crisis continues. Let us also be aware that smart money is adding into their short positions. We did see some bullish movements as sentiment changes for the past month or so. However, we are now anticipating a large bearish move as more of a fundamental trend begins....

ErnieTrades_

Perfect seasonality trade. 82.5% of Retail traders are short on this position. As mentioned in the pass, when retail traders favor one side, we always trade against retail since statistically any time retail is over 60% one side,

ErnieTrades_ Updated 

Entry: 1.4455 TP 1.4665 SL 1.4380 Vice-President of the European Central Bank Luis de Guindos stated that he believes the actions taken by the ECB so far has not been sufficient. ECB policymaker, Peter Kazimir pointed our that restrictive rates and strong action are necessary and should be in place for a longer period. At least in the first half of 2023. Also...

ErnieTrades_

Sold GBPUSD Entry 1.2020 Sl 1.2180 (160 pips) Tp 1.0685 (1335 pips) Weekly resistance met +200 MA showing weakness to the bullish side on the daily TF. Large institution is in a short position on the pair. The UK economy is in a horrible position. By the looks of it, their major issues such as their energy prices and increased cost of living are being...

ErnieTrades_ Updated 

Pure technical analysis> We have seen a steady uptrend of the pair in the daily chart. seeing higher highs and higher lows. in the 1H TF we have seen it break it key level and have seen EMA crossover on the 1H and 4H TF.

ErnieTrades_ Updated 

Bought EURCAD Entry 1.4435 Tp 1.4515 (80 pips) TP2 1.4620 (185 pips) SL 1.4365 (70 pips) NOTE: This is a pure technical analysis trade. Daily chart showing a strong bullish momentum trade well above the EMA. EMA crossover at 1.3141 price. Going to the 1H chart, it show a clear break of previous resistance.

ErnieTrades_ Updated 

Good seasonality trade. 81.1% of retail traders are long on the paid. As stated in previous analysis, when retail traders til heavily on one side above 60%, institutions tend to take the opposite side. Price breaks important supply and demand zone with good movement. Supported by strong retail money long.

ErnieTrades_ Updated 

Entry: 1.655 TP 1.635 SL 1.6645 RIsk/Reward Ration: 2.28 Retail money 75.7% Long. A clear downtrend in the 1D chart. Higher lows with clear rejection of key support levels. Both MAs showing the start of a strong downtrend.

ErnieTrades_ Updated 

As energy crisis continues, I’m confident that the EUR will see further struggle. We did see some bullish momentum, but the fundamentals of this pair are showing a bearish sentiment. My SL will be at the resistance zone around 1.0800 and tp is open.

ErnieTrades_ Updated 

Good seasonality trade. failed attempts to great previous resistance, i believe we will continue to see AUDNZD to decent

ErnieTrades_ Updated 

Let's look at what institutional traders are doing. CAD has a long % of 42.65 and CHF only at 10.63%. Showing institutional traders favoring CHF. Retail traders on the other hand are long on CADCHF. 96% against only 4%. Usually when retail traders are heavy on one side, big money tends to go the opposite. Historically, this pair tends to fall during this season....

ErnieTrades_ Updated 

What are institutional traders doing: NZD as a long % of 41.09 and USD of 76.29% What are retail traders doing: 32% of retail traders are long on NZDUSD while 68% are short. Remember, when over 60% of retail traders tilt one way, statistically and historically, institutional traders will push the opposite way. What history tells us? Historical data tells us...

ErnieTrades_ Updated 

Entry .5856 SL .5699 TP .6300 What are institutional traders doing? We see NZD has a long % of 41.9 and CHF at 10.63%. Clearly showing institutional traders favoring CHF What are retail traders doing: Retail traders are 44% LONG and 56% SHORT. This information really only has a significance when retails tend to favor one side by more than 60%. What history...

ErnieTrades_ Updated 

Price has immediately rejected in the supply & demand zone. Good seasonality trade.