ZhiHoong

ZhiHoong

GOLD has been flying non-stop since few weeks ago, but now, we can see that the momentum is started to be weaker in 4H time frame (as chart). However, in COT report, HF have started to close long position in bullish market, this can be interpreted that HF are starting to take profit in this bullish market and they have opened few short position. What we are gong...

ZhiHoong

From the COT perspective, hedge fund has been adding a lot of short positions in GBP from last few weeks which means GBP is getting weaker now. Also, the data of USD is getting stronger in COT report. Thus, we foresee GBPUSD will be pushed to the downside. The price has broken through the Daily trend line and there is a potential W-formation forming in Daily time...

ZhiHoong

From the COT perspective, hedge fund has been adding a lot of short positions in CAD from last few weeks which means CAD is getting weaker now. Also, the data of USD is getting stronger in COT report. Thus, we foresee USDCAD will be pushed to the upside. In Daily time frame, USDCAD is in a ranging market. However, in 4H time frame, there is a minor support area ....

ZhiHoong

I think this is a good currency pair for swing trading. In this pair, there is a potential M-formation formed in daily time frame. The price has reached the support area and started to reject slightly. We foresee the price will be pushed to the upside and complete the whole M-formation rule. From the COT perspective, Hedge Fund have a strong interest to buy EUR...

ZhiHoong

As my previous analysis, the price is rejected from the support area perfectly and start to be pushed to upside. I have entered a but entry and start to risk-free my trade. From the COT perspective, hedge fund has been closing a lot of CAD long positions during the CAD in a downtrend which means the bearish of CAD is because of closing a lot of long positions...

ZhiHoong

From the daily time frame, there is a W-formation formed and the current price action has been broken the structure and started to form a potential head & shoulders. In this situation, we might foresee the price will be pushed to the downside to reach the support area in order to complete a W-formation rules. From the COT perspectives, GBP is getting weaker since...

ZhiHoong

As my previous analysis last few weeks, I have entered two perfect short positions in this currency pair and taken the profit because the price has reached the strong support zone in Daily time frame. In 4H time frame, the price has reached the "previous support turns resistance zone", thus, we can expect the price will be pushed to the downside again but not too...

ZhiHoong

From the daily time frame, there is a W-formation formed and the current price action has been broken the structure and started to be pushed to the downside. In this situation, we might foresee the price will be pushed to the downside to reach the support area in order to complete a W-formation rules. From the COT perspectives, GBP is getting weaker since the net...

ZhiHoong

In Technical Perspectives, there is a strong support (Green Area) in Daily and Weekly time frames. If the price reaches the support area , I shall monitoring the price action to enter with long position; if the price breaks the minor resistance, I shall wait for a retest at the "resistance turns support" zone because there will be a inverted head & shoulders...

ZhiHoong

From the chart, we can see that price has perfectly rejected from a Daily/Weekly resistance and been pushed to the downside. Currently, price has been pushed to the zone which is a "Resistance turns to support" zone. Also, there us a potential Head & shoulders formed in daily time frame. Thus, we may foresee the price to be pushed to the upside. From the COT...

ZhiHoong

Price has rejected from weekly resistance level in daily time frame. From the COT perspectives (Order Flow perspectives), the net position of AUD is increasing from Feb 2020 but during this period, hedge fund keep closing both long & short positions and eventually started to open some shorts. In the latest data, they have been closing both long and short...

ZhiHoong

In a daily time frame, a potential head & shoulders is going to be formed, thus I will manage the price action at the area and enter a short position. From COT perspectives (Oder Flow perspectives), hedge fund has started to add both short and long position. Adding short positions in a downtrend market is to push the price to the downside whereas adding long...

ZhiHoong

Price has retest at a resistance which is turned from previous support in 4H time frame. From COT perspectives (Order Flow Perspectives), the net position of GBP is decreasing and hedge fund has been closing a lot of long positions and short position. Closing short position is because hedge fund has an intention to keep pushing the price into a higher price to...

ZhiHoong

From our previous analysis, I have analyzed that JPY is getting stronger at the moment, thus USDJPY would be a bearish market. From COT perspectives (Order Flow perspectives), hedge fund has been closing a massive short positions in a bullish market (JPY) and keep adding long positions. This is a common manupulation in the market because adding long and closing...

ZhiHoong

In daily time frame, the price has rejected from a resistance and been pushed to the downside. If you have followed my analysis last week, you may have a nice entry for short positions and has started to gain profit. From the COT perspectives (Order Flow perspectives), hedge fund has been closing a lot of short positions and adding some long position since few...

ZhiHoong

Price has started to reject from Weekly resistance. In 4H time frame, the price has broken through the minor support and a potential retested the said support. In COT report, the net position of GBP is decreasing and hedge fund has been closing a lot of long positions. This action has brought the price to the downside too. Thus, in this situation, we foresee...

ZhiHoong

From the chart, we can see that price has perfectly rejected from a Daily/Weekly resistance and been pushed to the downside. Currently, price has been pushed to the zone which is a "Resistance turns to support" zone. Thus, we may foresee the price to be pushed to the upside at this area. Move to COT report, hedge fund has been closing a lot of CAD long positions...

ZhiHoong

Price has rejected from weekly resistance level in Weekly, Daily and 4H time frame. From COT report, the net position of AUD is increasing from Feb 2020 but during this period, hedge fund keep closing both long & short positions and eventually started to open some shorts in the latest data. In this situation, we foresee that the price will be pushed to the...