Interesting position this, there's a 4hr cypher pattern all but 6 pips. COT data suggesting more emphasis on the short side. Retail sentiment also 51% long suggesting more short side. with a couple of local fib levels near we could see a push back south before completing the pattern and up again before it's next fall down. The DXY on the daily is looking to have...
This pair just painted some bearish divergence on the 1hr - it's got an RSI oversold triangle formed, Heatmap is red showing maxed out bullish volume and it's currently sat on a fib level resistance line. Top of the wedge it's created over the last two week or so. Waiting on confirmation for a Bearish call. COT Data shows -3,122 positions on the Long Euro side....
Well - after the first entry short (first idea noted here) it can;t possibly be another similar setup? the last one went down to the pip, then up the Gann line - as if by magic! not much technical detail here, waiting on confirmation. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has...
Another opportunity short, coming on this pair - see linked ideas below. The overall direction is still bearish. 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 to pattern completion. The DXY looks to be sat on the 50EMA ready to bounce or breakthrough. On the Daily TF the trend looks to be more bearish, in turn pushing GBPUSD higher. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex. Hence...
Bearish feeling overall - however looking at the last couple if indicator calls, this should go Bullish to test the trendline (towards the first target) then reverse, a breakout of wedge and fall towards target two. However, nothing stopping this dropping from here and ignoring a retest. Disclaimer This idea does not constitute as financial advice. It is...
As predicted back on the 6th of May, See linked Idea. The idea and setup are pretty much in line with that. It's moved up to the supply zone mentioned on the 6th, it's rejected a few times and starting to show signs of a bearish reversal. COT and Sentiment also support this idea. Just waiting now on short entry. Disclaimer This idea does not constitute as...
Not something we trade due to the nature of our core business. However, looking at the chart there are some interesting factors in play. The blue and pink cross is the 50 crossing the 200 EMA on a daily. Overall Bias is Bullish - Once it hits $10,000 it will quickly become a psychological level (less so on the way up) There will always be a use for Bitcoin as...
Another short setup potentially - COT & Sentiment data in favour. Waiting on indicator call 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 stock, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and...
Short call after pullback. Looking at EURJPY - we have 61% of retail traders long. COT data is long both JPY and EURO - but we would expect a longer push JPY during this time of crisis. Rough (freehand) channel drawn for own reference, could see a pullback to outer trendline before a continuation down. Disclaimer This idea does not constitute as financial...
Push up to the Supply Zone and back down to lower fib levels. Cypher pattern was a little shy on the "C" leg, but could still be relevant. That coupled with more Aussie COT longs being added and the zone just above. Suggests a push north and straight down. Will be keeping an eye on this setup and waiting for a signal from our indicator. 68% of retail traders Long...
Potential downside coming - Exhaustion of the price action up (potentially), completion of a cypher pattern. Over 2.9k shorts added to the COT Data. Waiting for confirmation or continuation. Let's see! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in...
I can see a drop in the price down to the next zone, before a rise. This is in-tune with the current DXY Price action. (having a play with Ghost candles) don't take notice of them. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stock, ETF’s and Forex....
Not a pair we trade often, but going through the charts - there's a nice potential for a short on this 4 hour chart. Waiting for indicator confirmation. COT data suggests both the Canadian and the Yen have had net longs added this week. So it could be a little more of a push up, before dropping down to create a new lower low. Disclaimer This idea does not...
Daily outlook for this coming week - not really an analysis this time, more an outlook and observation of a couple of key factors. Printed, is the key Gann & fib levels, within the indicator EMA 200 & 50's. Moving fibs, volume/divergence oscillator. Also included some sentiment and Commitment Of Traders info from yesterday's close. Let me know your thoughts,...
This is not a call out - this is a question. Are we seeing a 4 hour H&S being formed? Thus meaning the next wave is down towards the demand zone below? is this a double top? or will price continue and create a double top above (160 pips above) Let's start a discussion - who is bullish and who is bearish? Let me know your thoughts!!! Disclaimer This idea...
This pair could have just created a double top, within a supply zone. The Fed Conference didn't really give it a boost or cause much damage overall - when looking at DXY hitting a daily fib, a couple of days down. We should now expect a rebound. COT Data suggests the real big money are longer DXY around 12k positions long and 2k short. Kiwi - big money down...
With 53% of retail traders Long this pair, the DXY pulling back (see below) as well as Hedge investors being bullish on the Confoederatio Helvetica. it is a nice little setup 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 stock, ETF’s and Forex....