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Weekly COT report Analysis + Trade Ideas

  • #11,441
  • Jan 15, 2021 8:34am Jan 15, 2021 8:34am
Quoting shahab8b
{quote} NZDUSD, short trade update. Possible H&Sh, neckline @ 0.7150. I like these line charts. I find them every helpful when looking at the bigger picture. {image}
great chart as always.

I'm looking support on
H4 @ 71.472
D1 @ 0.71228
H4 again @ 0.71131
Attached Image
Forex can only be understood backwards, but it must be traded forwards.
  • #11,442
  • Jan 15, 2021 8:36am Jan 15, 2021 8:36am
Quoting prozor7
{quote} great chart as always. I'm looking support on H4 @ 71.472 D1 @ 0.71228 H4 again @ 0.71131 {image}
Thanks. I have 0.7150 as the immediate S. Let's see if it can hold.
  • #11,443
  • Jan 15, 2021 9:09am Jan 15, 2021 9:09am
USD Strong today.. all support and ressistance break

i don't have any longer trade today.. too busy with scalp, new journal .. and no one pair i hold atm..

what amazing trade sir. always..
  • #11,444
  • Jan 15, 2021 9:11am Jan 15, 2021 9:11am
Once Bullish SW is broken.. then look up WOP @ 1.3550 for suppoort.
GU..
Attached Image (click to enlarge)
Click to Enlarge Name: bf0b61af5723669b699f36f0a7df0672.png Size: 58 KB
Le$$ I$ More
  • #11,445
  • Jan 15, 2021 9:13am Jan 15, 2021 9:13am
Quoting shahab8b
I see similarities between GU drop back in September and the current EU drop. {image} {image}
I provided a comparison between the current EU drop and GU drop back in September. So far it's been unfolding as expected. If EU breaks below 1.21/1.2075, the drop can accelerate lower.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily 1 15 y.png Size: 35 KB
  • #11,446
  • Jan 15, 2021 9:21am Jan 15, 2021 9:21am
Quoting Roszey
Once Bullish SW is broken.. then look up WOP @ 1.3550 for suppoort. GU.. {image}
Yes. It seems GU broke below that double top formation I pointed out earlier. We have a S zone here. The next one is 1.3550.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 1 15 t.png Size: 37 KB
  • #11,447
  • Jan 15, 2021 9:34am Jan 15, 2021 9:34am
Quoting shahab8b
{quote} Yes. It seems GU broke below that double top formation I pointed out earlier. We have a S zone here. The next one is 1.3550. {image}
Yeah.

There is also another Bullish SW down there. It will interesting to see how price will react there. Looks like a fresh zone also. (untouched)
Attached Image (click to enlarge)
Click to Enlarge Name: acb9c8420c4c1ac87155168fe069ef92.png Size: 114 KB
Le$$ I$ More
  • #11,448
  • Edited 9:57am Jan 15, 2021 9:43am | Edited 9:57am
Quoting hasib
Miss the entry {image}
That support level might break. New Bearish SW forming. Gold and GU move almost the same.
IMO
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  • #11,449
  • Jan 15, 2021 9:46am Jan 15, 2021 9:46am
Quoting hasib
Miss the entry {image}
hasib, what am I looking at again?
  • #11,450
  • Edited 10:26am Jan 15, 2021 9:49am | Edited 10:26am
Quoting shahab8b
{quote} Thanks. I have 0.7150 as the immediate S. Let's see if it can hold.
thank you!
I find your posts very inspiring.

have a great weekend
Forex can only be understood backwards, but it must be traded forwards.
  • #11,451
  • Jan 15, 2021 9:53am Jan 15, 2021 9:53am
entering EG,,
Attached Image (click to enlarge)
Click to Enlarge Name: EG 2021-01-15 225153.png Size: 22 KB
  • #11,452
  • Jan 15, 2021 9:55am Jan 15, 2021 9:55am
GU, may i seat at this empty seat sir ?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 2021-01-15 225429.png Size: 26 KB
  • #11,453
  • Jan 15, 2021 10:02am Jan 15, 2021 10:02am
Quoting meugampong
GU, may i seat at this empty seat sir ? {image}
Great. keep it up.

Attached Image (click to enlarge)
Click to Enlarge Name: d4d70846227825c908c5ebae2a0ba697.png Size: 93 KB
"M" formation setup i think.. Neckline broken. Maybe a retest of the neckline @ 1.3625 will nice for another sell add on
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  • #11,454
  • Jan 15, 2021 10:06am Jan 15, 2021 10:06am
Quoting shahab8b
EURGBP is breaking below Fib 50 and RN 0.89. EG is bearish. Levels to watch {image}
EURGBP long trade. Levels to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily 1 15.png Size: 36 KB
  • #11,455
  • Jan 15, 2021 10:14am Jan 15, 2021 10:14am
Quoting Roszey
{quote} Great. keep it up. {image}"M" formation setup i think.. Neckline broken. Maybe a retest of the neckline @ 1.3625 will nice for another sell add on
I agree. We can sell the rallies next week.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 1 156.png Size: 35 KB
  • #11,456
  • Jan 15, 2021 10:27am Jan 15, 2021 10:27am
Quoting shahab8b
{quote} I agree. We can sell the rallies next week. {image}
Sure next week. GU was given 126pips already which is more than its daily range. so i expecting some major pullbacks into the quarters levels where SW can be found.
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  • #11,457
  • Jan 15, 2021 10:53am Jan 15, 2021 10:53am
SPXUSD, looks like a double top on H4. I know they will keep buying the dips as usual. But if it starts dropping it can be very sharp.
Attached Image (click to enlarge)
Click to Enlarge Name: SPX 1 15.PNG Size: 60 KB
  • #11,458
  • Jan 15, 2021 11:25am Jan 15, 2021 11:25am
This volume price level should the decider. We had a break and retest. As long as it stays below, the Sell will resume.
Attached Image (click to enlarge)
Click to Enlarge Name: 23f32c83d6f9456547153bf8d9867f71.png Size: 92 KB
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  • #11,459
  • Jan 15, 2021 12:30pm Jan 15, 2021 12:30pm
USDCHF, triangle formation, possibly will break to the upside. A break of 0.8920 will form an asymmetric inverse H&Sh.
Attached Image (click to enlarge)
Click to Enlarge Name: UCHF triangle.PNG Size: 76 KB
  • #11,460
  • Jan 15, 2021 1:11pm Jan 15, 2021 1:11pm
Quoting shahab8b
EU had a good run since March/April 2020. Looking at this weekly chart, I feel like a correction is overdue. {image}
EU, the bearish call based on the weekly chart proved correct. It's been a very good week and I hope everyone enjoyed taking these easy pips.

Have a good weekend everyone
Attached Image (click to enlarge)
Click to Enlarge Name: EU wk 1 15.PNG Size: 65 KB
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