Brexit and Covid 2.0. No real need to say much else. However, we are in a Daily wave 4-5 of an Elliott wave. We should see a little pullback and a bigger drop. COT data also major short the GBP and net long JPY. There were key turning points in the Cycle indicator on the 5th, 10th and 15th - next is the 23rd, to the 29th. Let's see where next. Suprised if it...
Looking at the average Elliott wave cycle we are in a downward trend for GU overall. The pullback was a bit extreme but actually only to the 618. GBP strength in this situation makes almost no sense. Brexit & Covid 2.0 with Boris n friends running the show. All that's happening right now is the institutional investors are gathering liquidity. COT Data shows an...
This pair is looking for a 4th wave Elliott drop and confirmation below it's last swing low. Once confirmed (or the high is taken out, making last swing low a shallower 4) then it will pop up to 5. Short term bias is down - Asset Managers are favouring the long overall with a 68.5% Bullish sentiment. Whilst the Leveraged funds are 58.5% Long overall. Retail...
Given the current European mess, Brexit included. The US has everything playing against it too, S&P had a mental rally, Gold spiked and a load of other things. All of which is expected when the DXY is dropping. On a daily timeframe, we can expect a little push-up. Potentially between the 94 & 96 levels. Thus being a consolidation/retracement for a further push...
Long overall - short for the next week. Looking at the extension - the 3rd wave was hit and only moved 7 pips above target level. we are now seeing a 3-4 wave on weekly with 137.75 and 136.20 being two potential pullback regions. The weekly indicators - MACD, Stochastic, RSI etc all showing price is above the 80 level. which lines up nicely with a pullback....
We don't usually post with so many indicators on the chart - but thought this was worth sharing. Euro COT data is favouring the upside - when you add Elliott wave patterns to the daily, you will see we are in the process of the 3-4 wave. This matches the current COT data levels nicely. You will see slow momentum (corrective) down. The Strength index is showing...
Are we seeing an extension and now a possible drop before another Bull rally? What are other people thinking here? As we close in on the next round of Brexit dates... Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade...
Short coming on EURUSD - the Elliott waves lined up, DXY due a reversal up. Pressure on Euro with France, Spain etc. Formation, patterns, support/resistance structure - all agreeing with a drop EURUSD. will be looking for short entries. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader...
Short coming potentially on this pair. Some playing around with our indicators. Matt you will be proud of this call. 😏 actually going the same way as you on this pair. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade...
Pullback is now due - next run north should come around the 15th of August. COT data showing some shorts added and a lot of longs out of the system. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have...
COT data showing a sideways JPY this week, CAD has a little strength. This coincides with our indicators. Next direction change around the 14th of August. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might...
EURO, EURO, EURO - coming into land, we can then expect a euro drop in long positions around the resistance level. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or...
Long coming - a couple of days of US recovery, next change due around the 9th (most likely end of the week, 7th). Not expecting great momentum north bound. But could go to test Gann levels, collect some liquidity and go again. COT data showing more longs than short this week on the Dollar. Disclaimer This idea does not constitute as financial advice. It...
Here's some decent support in this current zone - it goes back way before 1996. Expect a clean break, we are currently going into a slight pullback. Dollar should then drop through this with force towards the end of the week/early next. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has...
This pair has been very lucrative recently. Can see the higher high forming, providing it does not take out the low in this turn down. COT data shows Yen pretty much sideways. GBP has lost momentum & looks like it's due a pullback. Next turn in the cycle will be around the 15th - thus giving GJ time to drop down to the trendline and continuing on to the north....
Short play coming in for EU - DXY has a change due around the 9th of August. So can see pressure easing for a short span. Not much change in the Euro so won't expect a big drop. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex....
Next GBP turning point around 15th of August. Giving us some room to breathe on the GBP exhaustion, COT data shows a drop in longs on the GBP and still showing decent long positions in AUD. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and...
Looking at the Volume - the sideways movement and now the next turning point due. GBP could see some bullish movement early next week. It is currently sat on some support from the higher timeframe and below the PoC only slightly. suggesting strong support and a potential for a Bullish breakout. Disclaimer This idea does not constitute as financial...