Sat waiting on this pair - COT data still shows short for both GBP & JPY however last week there was an additional 6k shorts added to the JPY and positive 2k for GBP. So we could witness a consolidation in this region until it makes up it's mind. We are expecting to see a Bullish move, it's just a question of when & how much more sideways movement does it...
Expecting to see a Bull run here - the price has left the lower Octave level. Swing trade Long. 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 exit conditions and...
Looking at the next turning point of this pair - it looks like we can expect a short down to the target zone before a pullback and would expect further bearish momentum after that pullback. 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...
It's nearing the Gann level above - There's also an element of the big money now had it's fun. If you look at the COT Data, it's favourable to the JPY. We should see one more push to the upside and a half-decent decent from the Gann level. Looking at a lot of the trade idea's here - I think this push up was almost entirely to collect some tight SL's before it...
After a 500+ pip trade up - the saying goes "what goes up, must come down." Monthly Gann level - Heatmap over cooked. Daily and weekly lining up nice. The UK will be one of the worse Covid hit countries in the world! Let's not even mention Brexit! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our...
Possible breakout - retest and Fib level targets. DXY Looking flat and could fall through its current trend support. The sentiment is showing 64% retail short; suggesting the price could increase. COT Data - DXY 12k Long and 13.1K Short Euro - 48.4K - 79.9K - However, bigger institutional money is favouring 318k Long and 105k short. Suggesting longer-term...
Supporting the EJ idea earlier this week. You can see a Weekly Gann level just above the current price 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 exit...
A couple of key Gann level touches in the last week or so. We might see a little sell off here, the Currency strength index shows a potential turn on the JPY and coming from oversold on DXY. Overall - this pair is conflicting. So we are waiting for confirmation either way. But for now, the Bias could be more bullish. Disclaimer This idea does not...
Excuse the messy drawings - but what we have on the GBPJPY here is a weekly time frame and a 3rd touch of the Gann line going down. It has touched and rejected. Heiken candles have then come all the way back to the trend line and below the T3. With the extension we have seen, some exhaustion might be starting to set in. In terms of COT Data - we have a 32.6k...
Nobody really knows what is going on with the economy, the stock market or anything else if you watch the news! Looking at this purely based on the charts - the index is struggling to the low side & you will see the candles are small with some decent wicks. it needs to break above or below the white trend to confirm. However, it is currently sitting above the...
Day trade short - indicator called a short, not much else to this trade. Tight SL after the extension of the bullish move. will look for an entry short. 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...
Long Position - After a strong push to the downside (correction) for the Bull run we just had. There's potential for a now higher low - we saw the higher high. so could expect some strength to the North. HeatMap has it's OBV oversold which adds to the potential for a long position here - even just for the short term. Disclaimer This idea does not constitute...
Looking at the current DXY levels & the AUDUSD data. We have around 200 pips to the next structure level on AUD and 500 for NZD. AUD COT Data is currently 24.6k Long Vs 36.8k Short and 1.7k Long being added. Suggesting slightly Bullish this week. NZD = 14.8k long and 18.6k short - however, -2.2 short and -1.39 long (favouring the Bulls again) Longer-term swing...
Gann Levels and Octaves show strength in the USD. The drop could take us down to the cross on the lower trend. The instrument is consolidating which could mean it won't reach the lower level this time around. Short term, it could fall potentially around 99.70-99.60 The overall bias here is long. Disclaimer This idea does not constitute as financial advice....
The DXY has dropped the last day or two - all I hear are comments such as "DXY Melting" if you look at the DXY level it's dropped from around 100.40 down to around 99.40 - hardly melting, there's a clear structure just below the current level if it gets to that level. Expecting a turnaround and back to the higher structure. That pushes up USDJPY longer term, The...
might be another short forming here - it has just reached a high level of supply. if the daily closes as it is, we might see an immediate push south. However, a little room to go to the D extension (786 - full swing) Waiting on confirmation. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle...
Recently posted about this pair on the Daily - been asked to do a smaller TF view - so supporting the daily analysis to the idea linked below. 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...
Paying a lot of respect to the Gann levels - Could expect a little more bullish today and a potential gap down Sunday. There's a clear target zone to the downside and a potential break up for the DXY before a change in direction. Currently not in this trade, but favour the bears until at least the zone level. Disclaimer This idea does not constitute as...