In this analysis, the pair had rejected a weekly support and started the move to the upside. With help of the COT data we can confirm this is the start to the pair moving to the upside.
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In this analysis I saw that it had broken above the .786 Fib level on the weekly measuring the impulse retracement with the fib.
however with the recent COT data, I am expecting the market to make a move to the downside.
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This is my analysis on the Pound Yen pair. It had a very strong move to the downside, followed with a correction of the impulse which stopped at the .5 Fib level. Seems to be continuing to the downside as COT data tells that they are adding more shorts.
Leave any feedback on if I missed anything or your opinion on this analysis
In this analysis I saw a impulse move to the downside on the weekly with a correction on the impulse with a rejection on the 0.618 Fib level. From there I would like to see a continuation to the downside. With the COT data I can see that they are shorting the Pound and Longing the swiss. Wait on a confirmation from the 4HR chart that it will be heading down before...
In this analysis, from a weekly perspective the market had made a impulse move to the downside and corrected it with what seems like a W formation, from this I would like to see it go back to the neckline at least. It started rejection on the .786 Fib level, also with co relation to the COT (commitment of traders) report showing signs of the pair moving to the...