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Weekly COT report Analysis + Trade Ideas

  • #9,821
  • Dec 6, 2020 5:28pm Dec 6, 2020 5:28pm
Quoting shahab8b
AUDJPY, D1 is bullish and the pair has broken above R (77). Possible long and short setups on the chart. {image}
AUDJPY, long trade. Possible short setup @ 78 and 78.50. I prefer the latter.
Attached Image (click to enlarge)
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  • #9,822
  • Dec 6, 2020 5:37pm Dec 6, 2020 5:37pm
GBPJPY, short and long setups on the chart.
Attached Image (click to enlarge)
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  • #9,823
  • Dec 6, 2020 5:45pm Dec 6, 2020 5:45pm
USDCAD, possible long setup @ 1.27 (AB=CD), the setup is courtesy of @Vincent1.
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  • #9,824
  • Dec 6, 2020 8:10pm Dec 6, 2020 8:10pm
Attached Image (click to enlarge)
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  • #9,825
  • Dec 6, 2020 10:17pm Dec 6, 2020 10:17pm
Quoting shahab8b
GBPUSD, short trade, this is an example of confluence setup on M1. These setups work on any TF. {image}
this looks more like head and shoulders
Le$$ I$ More
  • #9,826
  • Dec 6, 2020 11:14pm Dec 6, 2020 11:14pm
On GU i am waiting to buy at this level.
Attached Image (click to enlarge)
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Le$$ I$ More
  • #9,827
  • Edited 2:17am Dec 7, 2020 1:30am | Edited 2:17am
Quoting shahab8b
EURGBP, I wasn't sure about the long trade so I closed it with small profit. I think 0.90 might still work for a long setup. But I'm more interested in a short setup @ 0.91 or 0.9150 {image}
I took 1 off for 23 pips, keeping the other, there might be next pill of viagra thrown to EG (another brexit tweet).

Attached Image (click to enlarge)
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Edit: done, 2nd trade hit 100 pip TP.
Markets will move to the right.
  • #9,828
  • Dec 7, 2020 3:03am Dec 7, 2020 3:03am
GU is hot now. CanŽt even imagine what will happen if there finally is a deal o_0.
But until then:

Attached Image (click to enlarge)
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Markets will move to the right.
  • #9,829
  • Dec 7, 2020 3:36am Dec 7, 2020 3:36am
Quoting shahab8b
GBPUSD, D1 close is bearish. I am expecting more downside pressure to 1.34 and 1.33 in extension. The trend remains bullish above 1.33. The structure is starting to look like a wedge formation. Possible long setups @ 1.34 and 1.33. Short setups @ 1.355 and 1.36. I went short on Friday afternoon and left it open over the weekend. There is an asymmetric risk to the downside in the short term. In the long term I think the uptrend will continue to +1.40 next year. I have a long term target of 1.48-1.50 based on the saucer pattern. {image} {image}...
GBPUSD, short trade update. It seems a short term top is already in place after a clear break of 1.33. I prefer to stay short. Possible long setups @ 1.31 and 1.30.
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  • #9,830
  • Dec 7, 2020 3:38am Dec 7, 2020 3:38am
Quoting FraterRedox
{quote} I took 1 off for 23 pips, keeping the other, there might be next pill of viagra thrown to EG (another brexit tweet). {image} Edit: done, 2nd trade hit 100 pip TP.
Well done! I should have kept that trade.
  • #9,831
  • Dec 7, 2020 3:51am Dec 7, 2020 3:51am
USDCAD - I left 2 buy limits around 1.28.
I have bullish bias on DXY for this and probably next week(s). Not end of itŽs trend but there could be a notable correction.
Looking for 50 pips on trade 1 and ab 150 pips on trade 2.
40 pip SL-es.

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Markets will move to the right.
  • #9,832
  • Dec 7, 2020 3:53am Dec 7, 2020 3:53am
Quoting shahab8b
EURUSD, I like what I see here, a retest of the TL on the opposite side. Let's not get ahead of ourselves, but a turn might be around the corner. {image}
EURUSD, short trade.

Quoting shahab8b
EURUSD, we did get a relatively bearish D1 close. We might get a correction to the downside, but the long term trend remains bullish above 1.19. On the way down, there are S @ 1.21, 1.2050, and 1.20. Any of those levels might provide a bounce or a resumption of the uptrend. If it goes higher 1.22 might provide a short setup. I'm currently short EU. {image}
The 2nd position was added using a confluence setup.
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  • #9,833
  • Dec 7, 2020 3:58am Dec 7, 2020 3:58am
Quoting shahab8b
{quote} NZDUSD, short trade, another simple RN trade. {image}
NZDUSD, short trade update
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  • #9,834
  • Dec 7, 2020 4:01am Dec 7, 2020 4:01am
AUDUSD, I got stopped out of the long trade. Possible short setups.
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  • #9,835
  • Dec 7, 2020 4:07am Dec 7, 2020 4:07am
Intraday ambush, IŽd love to sell GU.

Attached Image (click to enlarge)
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Markets will move to the right.
  • #9,836
  • Dec 7, 2020 5:12am Dec 7, 2020 5:12am
Quoting shahab8b
{quote} EURUSD, short trade. {quote} The 2nd position was added using a confluence setup. {image}
EURUSD, for now the decline seems corrective. A break above 1.2140 will turn the short term trend bullish again. If it remains below 1.2140, there is chance for further move to the down side. S @ 1.2080 and 1.2050.
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  • #9,837
  • Dec 7, 2020 5:20am Dec 7, 2020 5:20am
Quoting shahab8b
{quote} EURUSD, for now the decline seems corrective. A break above 1.2140 will turn the short term trend bullish again. If it remains below 1.2140, there is chance for further move to the down side. S @ 1.2080 and 1.2050. {image}
IŽd like to see it going down, I have tiny short on EU. And I go long on USDCHF because of my bullish DXY bias. Too many eggs in one basket.

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Markets will move to the right.
  • #9,838
  • Dec 7, 2020 5:35am Dec 7, 2020 5:35am
Quoting FraterRedox
{quote} IŽd like to see it going down, I have tiny short on EU. And I go long on USDCHF because of my bullish DXY bias. Too many eggs in one basket. {image}
USDCHF might be a diamond pattern.
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  • #9,839
  • Dec 7, 2020 5:59am Dec 7, 2020 5:59am
No messing around in here it seems!

GBP has taken the hammer blow off 1.35 as expected. Finding entry was a bit trickier with a late Friday setup.

Let's see if 1.33 and 1.3350 can give the late arrivals to the party (ie me) something to work with.

AUDUSD 0.74, USDCAD 1.28 would also be very welcome.
  • #9,840
  • Dec 7, 2020 5:59am Dec 7, 2020 5:59am
Quoting shahab8b
{quote} GBPUSD, short trade update. It seems a short term top is already in place after a clear break of 1.33. I prefer to stay short. Possible long setups @ 1.31 and 1.30. {image}
We also have a cluster of S @ 1.32.
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