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Weekly COT report Analysis + Trade Ideas

  • #12,141
  • Mar 11, 2021 7:21am Mar 11, 2021 7:21am
Quoting shahab8b
GBPUSD, the first long trade was taken after the rejection off 1.38 and then added on the pull back to 1.3850 and Fib 50 confluence. Levels to watch. {image}
GBPUSD long trade update. Possible long setup @ 1.39 and short setups @ 1.40 and 1.41.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 311.png Size: 48 KB
  • #12,142
  • Mar 11, 2021 7:32am Mar 11, 2021 7:32am
AUDUSD long trade. It seems like an inverted H&Sh (more clear if looking at the line chart). Possible long setups @ 0.7725/0.77. There are a lot of overhead R's shown on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4 311.png Size: 43 KB
  • #12,143
  • Mar 11, 2021 7:43am Mar 11, 2021 7:43am
EURJPY 129 RN long trade (the rectangle formation usually acts as a continuation pattern). I'll keep an eye on 130.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4 311.png Size: 41 KB
  • #12,144
  • Mar 11, 2021 8:22am Mar 11, 2021 8:22am
EURCHF 1.11 short trade. Levels to watch for possible long setups.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH4 311.png Size: 44 KB
  • #12,145
  • Mar 11, 2021 8:25am Mar 11, 2021 8:25am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 36 KB
  • #12,146
  • Mar 11, 2021 10:24am Mar 11, 2021 10:24am
We can see bounce of gold from here...
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  • #12,147
  • Mar 11, 2021 10:54am Mar 11, 2021 10:54am
EU on interesting area ...
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  • #12,148
  • Mar 11, 2021 11:10am Mar 11, 2021 11:10am
GC good rejection around 61.8/50 fibo...
Attached Image (click to enlarge)
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  • #12,149
  • Mar 11, 2021 11:18am Mar 11, 2021 11:18am
Quoting shahab8b
{quote} EURUSD 1.1850 long trade update. Levels to watch. {image}
EURUSD 1.1850 (FE100) long trade update. The drop provided a good opportunity so I added on the pull back. Possible short setups @ 1.20 and 1.2050.

I added the M5 chart to show you how you can add to your existing winners on pull backs. One could open new positions as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4 311 b.png Size: 43 KB
Click to Enlarge Name: EURUSDM5 311.png Size: 43 KB
  • #12,150
  • Mar 11, 2021 12:20pm Mar 11, 2021 12:20pm
Quoting shahab8b
USDJPY 109 RN short trade. Levels to watch. {image}
USDJPY 109 short trade update. UJ has been resilient and the short trade has gone sideways. It seems UJ is forming a wedge pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30 311.png Size: 46 KB
  • #12,151
  • Mar 11, 2021 1:52pm Mar 11, 2021 1:52pm
I don't know how many of you track fundamental news but these one is important to be honest
President Joe Biden signed the $1.9 trillion Covid-19 relief package into law Thursday, his first legislative achievement since taking office less than two months ago, a measure to infuse billions into the U.S. economy and bolster funding for vaccines, testing and school reopenings.
https://www.nbcnews.com/politics/whi...d_npd_bn_tw_bn
  • #12,152
  • Mar 11, 2021 2:53pm Mar 11, 2021 2:53pm
Quoting mizi123
I don't know how many of you track fundamental news but these one is important to be honest President Joe Biden signed the $1.9 trillion Covid-19 relief package into law Thursday, his first legislative achievement since taking office less than two months ago, a measure to infuse billions into the U.S. economy and bolster funding for vaccines, testing and school reopenings. https://www.nbcnews.com/politics/whi...d_npd_bn_tw_bn...
That news should definitely cause reaction in USD.
  • #12,153
  • Mar 11, 2021 3:01pm Mar 11, 2021 3:01pm
Quoting Techanalyst
{quote} That news should definitely cause reaction in USD.
In my opinion these will feed bullish USD because so many USD combinations are in interesting level areas..
  • #12,154
  • Mar 11, 2021 3:11pm Mar 11, 2021 3:11pm
Quoting mizi123
{quote} In my opinion these will feed bullish USD because so many USD combinations are in interesting level areas..
I think it's time for EURUSD to go down and USD to go up. But will see.

EURUSD is the orange line.
Attached Image (click to enlarge)
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  • #12,155
  • Mar 12, 2021 3:37am Mar 12, 2021 3:37am
Quoting shahab8b
{quote} GBPUSD long trade update. Possible long setup @ 1.39 and short setups @ 1.40 and 1.41. {image}
GBPUSD 1.40 short trade. Levels to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 312.png Size: 45 KB
  • #12,156
  • Mar 12, 2021 3:39am Mar 12, 2021 3:39am
Quoting prozor7
{quote} agree as long as PA stay above D1 0.92301 USDCHF watching 0.92468 - 0.92301 for long if PA find support there - TP 0.93110 - 0.93300
USDCHF
update
closing 1/2 @ 0.93000
SL 0.92500
Forex can only be understood backwards, but it must be traded forwards.
  • #12,157
  • Mar 12, 2021 3:43am Mar 12, 2021 3:43am
Quoting shahab8b
{quote} EURUSD 1.1850 (FE100) long trade update. The drop provided a good opportunity so I added on the pull back. Possible short setups @ 1.20 and 1.2050. I added the M5 chart to show you how you can add to your existing winners on pull backs. One could open new positions as well. {image} {image}
EURUSD turned a little bit ahead of schedule 1.20. Levels to watch
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 312.png Size: 43 KB
  • #12,158
  • Mar 12, 2021 3:56am Mar 12, 2021 3:56am
Quoting shahab8b
{quote} USDJPY 109 short trade update. UJ has been resilient and the short trade has gone sideways. It seems UJ is forming a wedge pattern. {image}
USDJPY long trade. The wedge pattern worked well.

I know some traders like to take a trade and set TP and SL and forget about it. But I prefer a more active approach because as a trade progresses you can update your analysis based on new information. When you realize your initial assessment is not valid anymore, it's perfectly fine to close or even flip your trade.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30 312.png Size: 46 KB
  • #12,159
  • Mar 12, 2021 3:58am Mar 12, 2021 3:58am
Quoting Techanalyst
{quote} I think it's time for EURUSD to go down and USD to go up. But will see. EURUSD is the orange line. {image}
Eurusd is coming slowly, possible break of 1.2 or not.
Usdjpy remains tense, let us wait serenely.

Good trades
  • #12,160
  • Mar 12, 2021 4:01am Mar 12, 2021 4:01am
Quoting shahab8b
AUDUSD long trade. It seems like an inverted H&Sh (more clear if looking at the line chart). Possible long setups @ 0.7725/0.77. There are a lot of overhead R's shown on the chart. {image}
AUDUSD 0.78 short trade. Levels to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4 312.png Size: 42 KB
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