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Weekly COT report Analysis + Trade Ideas

  • #8,941
  • Nov 9, 2020 11:25am Nov 9, 2020 11:25am
GBPUSD, possible long setups @ 1.31 and 1.3050
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  • #8,942
  • Nov 9, 2020 11:51am Nov 9, 2020 11:51am
Quoting shahab8b
{quote} Good job on the trade! is your system showing a short setup now?
No bro these is my area of interes for shorting UJ
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  • #8,943
  • Nov 9, 2020 11:53am Nov 9, 2020 11:53am
Quoting shahab8b
{quote} USDCHF, long trade from 0.90. This was a no-brainer trade. {image}
USDCHF, long trade had a good run (+120). Now lets see if it is a real reversal from 0.90 or just a correction within the overall downtrend.
Attached Image (click to enlarge)
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  • #8,944
  • Nov 9, 2020 12:08pm Nov 9, 2020 12:08pm
USDJPY, I don't like that +200 pips bullish engulfing candle. But the larger bearish pattern is not ruined yet. 106 remains the key level.
Attached Image (click to enlarge)
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  • #8,945
  • Nov 9, 2020 12:37pm Nov 9, 2020 12:37pm
Quoting shahab8b
{quote} USDCHF, long trade had a good run (+120). Now lets see if it is a real reversal from 0.90 or just a correction within the overall downtrend. {image}
These zones are golden one bro when price use to end the week around these areas: Overshoot -1/8 Overshoot +1/8
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  • #8,946
  • Edited 1:50pm Nov 9, 2020 12:58pm | Edited 1:50pm
I think this might may have some legs, perhaps the start of larger bullish USD swing. DXY just printed engulfing out of D1 demand with a momentum shift.

My only concern for USD longs is we haven't seen much evidence in EURUSD or GBPUSD. It is mostly via gold, JPY and CHF at the moment. Tricky call.

Possible shooting stars forming on AUDUSD and NZDUSD.
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  • #8,947
  • Nov 9, 2020 8:20pm Nov 9, 2020 8:20pm
Quoting shahab8b
USDJPY, I don't like that +200 pips bullish engulfing candle. But the larger bearish pattern is not ruined yet. 106 remains the key level. {image}
USDJPY, short trade
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  • #8,948
  • Nov 9, 2020 8:38pm Nov 9, 2020 8:38pm
Quoting shahab8b
GBPUSD, possible long setups @ 1.31 and 1.3050 {image}
GBPUSD, I went long after I saw it would not drop to 1.31. Those levels (1.31 and 1.3050) can still provide long setups if it drops again.
Attached Image (click to enlarge)
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  • #8,949
  • Nov 9, 2020 9:01pm Nov 9, 2020 9:01pm
AUDUSD, long setups @ 0.72 and 0.7150
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Click to Enlarge Name: AUDUSD 119.PNG Size: 70 KB
  • #8,950
  • Nov 9, 2020 9:11pm Nov 9, 2020 9:11pm
USDCAD, possible short setups @ 1.31 and 1.3160
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  • #8,951
  • Nov 10, 2020 6:14am Nov 10, 2020 6:14am
USDJPY, that bearish engulfing candle with that structure usually indicates downside
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  • #8,952
  • Nov 10, 2020 6:33am Nov 10, 2020 6:33am
Quoting shahab8b
{quote} GBPUSD, I went long after I saw it would not drop to 1.31. Those levels (1.31 and 1.3050) can still provide long setups if it drops again. {image}
GBPUSD, tp on that long trade (+100). looking to go long again. possible long setup @ 1.32
Attached Image (click to enlarge)
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  • #8,953
  • Nov 10, 2020 11:55am Nov 10, 2020 11:55am
Quoting shahab8b
EURUSD, possible long setups @ 1.18 and 1.175 {image}
EURUSD, long trade. It might be forming an abc correction. It has to clear break above 1.1845 to open upside potential. Otherwise, it may head south again and expand this corrective wave.
Attached Image (click to enlarge)
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  • #8,954
  • Nov 10, 2020 12:02pm Nov 10, 2020 12:02pm
Quoting shahab8b
{quote} EURUSD, long trade. It might be forming an abc correction. It has to clear break above 1.1845 to open upside potential. Otherwise, it may head south again and expand this corrective wave. {image}
If this fails, I will be looking for possible long @ 1.1750, fib 0.50
  • #8,955
  • Nov 10, 2020 7:35pm Nov 10, 2020 7:35pm
Quoting shahab8b
USDJPY, that bearish engulfing candle with that structure usually indicates downside {image}
USDJPY, short trade.
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  • #8,956
  • Nov 10, 2020 7:46pm Nov 10, 2020 7:46pm
NZDUSD, weekly chart, R zone @ 0.69-0.6950 might provide a short setup
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  • #8,957
  • Nov 11, 2020 6:55am Nov 11, 2020 6:55am
GBPUSD, I sold it after it got rejected @ 1.33. Looks like a wedge formation. Possible short setup @ 1.33 and long setups @ 1.32 and 1.3140
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  • #8,958
  • Nov 11, 2020 6:59am Nov 11, 2020 6:59am
EURGBP, possible long setup
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  • #8,959
  • Nov 11, 2020 8:47am Nov 11, 2020 8:47am
USDCHF, possible short setup @ 0.92
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  • #8,960
  • Nov 11, 2020 9:00am Nov 11, 2020 9:00am
Quoting shahab8b
NZDUSD, weekly chart, R zone @ 0.69-0.6950 might provide a short setup {image}
NZDUSD, short trade. let's see if it drops further.
Attached Image (click to enlarge)
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