Weekly COT report Analysis + Trade Ideas | Page 619 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

COT report... futures or futures and options report? 11 replies

EA, GA, GCAD, GJ, GN - Analysis and trade ideas 11 replies

Cot - Report in application to the Forex 2 replies

Fundamental Analysis - Trade Ideas 2 replies

COT report 1 reply

Attachments: Weekly COT report Analysis + Trade Ideas
Exit Attachments

Weekly COT report Analysis + Trade Ideas

  • #12,361
  • Apr 5, 2021 7:53am Apr 5, 2021 7:53am
Quoting shahab8b
{quote} USDCHF short trade. USDCHF turned south ahead of 0.95. I took this trade based on the EW count and PA. The drop may unfold as an abc correction. The following setup may be used to trade the wave b: short @ 0.9440/50, SL 20 pips. {image}
USDCHF short trade, added on pull back according to the trade plan.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM30 45.png Size: 37 KB
  • #12,362
  • Apr 5, 2021 7:59am Apr 5, 2021 7:59am
AUDUSD 0.76 long trade, a simple RN and Fib 38 confluence trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1 45.png Size: 28 KB
  • #12,363
  • Apr 5, 2021 8:12am Apr 5, 2021 8:12am
Quoting shahab8b
GBPUSD, 1.3750 long trade based on confluence setup and add on pull back. {image}
GBPUSD 1.375 long trade update. Levels to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 45.png Size: 35 KB
  • #12,364
  • Apr 5, 2021 8:20am Apr 5, 2021 8:20am
Quoting shahab8b
USDJPY, I'll keep an eye on 111 and 112 for possible short setups. Possible long setup @ 109/109.25. {image}
USDJPY, short trade. Seems UJ is turning south ahead of 111. Levels to watch. Possible short setup @ 110.55/60, sl 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily 45.png Size: 29 KB
  • #12,365
  • Apr 5, 2021 8:39am Apr 5, 2021 8:39am
USDCAD, possible short setup @ 1.2555/65, sl 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1 45.png Size: 37 KB
  • #12,366
  • Apr 5, 2021 10:39am Apr 5, 2021 10:39am
I'n case you have free $$ NC reacted on key resistance are evening star on 61.8
Attached Image (click to enlarge)
Click to Enlarge Name: nn.png Size: 50 KB
  • #12,367
  • Apr 5, 2021 10:42am Apr 5, 2021 10:42am
These is gona be my week
  • #12,368
  • Apr 5, 2021 11:57am Apr 5, 2021 11:57am
Quoting mizi123
AC was best performer and remains like that, i don't see any weeknes or divergence in price behaviour.... {image}
Things have changed
Attached Image (click to enlarge)
Click to Enlarge Name: acc.png Size: 32 KB
  • #12,369
  • Apr 5, 2021 12:17pm Apr 5, 2021 12:17pm
EURUSD analysis:

Looks like this week EURUSD will be bullish. Looking at a weekly chart there is a support or demand zone that has been touched third time now, and it bounced back up from there again. It could go back to visit 1.19xx weekly supply zone.

Looking at daily chart, the price is under 20,50,200 SMA, RSI(2) is almost near to touch 95 level, RSI(7) is going toward 70 level. MACD is below 0, indicating that EURUSD is still in bearish sentiment. There is already MACD divergence on weekly chart.

COT reports are still showing that longs are in favor but not by much. Every week is showing that more and more institutions are adding sell positions on EURUSD. This current COT reports show 18,846 added more sell positions and longs took off -737 long positions.

My analysis are that EURUSD is still in bearish and will wait to enter sell position once I see the opportunity.

To explain why two RSI's with different Period's and Level's.. RSI(2) is very good tool to trade with daily chart. You can use it on any currency pairs. The RSI(7) if you are a long term trader investor like I am, it is very useful tool on a weekly and monthly. But always look at daily and 4 hour chart for entries buy or sell. Trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: COT1.png Size: 28 KB
Click to Enlarge Name: EURUSDdaily.png Size: 107 KB
Click to Enlarge Name: EURUSDWeekly.png Size: 120 KB
  • #12,370
  • Apr 5, 2021 1:31pm Apr 5, 2021 1:31pm
Quoting shahab8b
{quote} AUDCAD 0.95 long trade. Possible short setup @ 0.97 {image}
AUDCAD 0.95 long trade update. For those in this trade, a partial TP is suggested here around 0.96 RN. There is a chance AUDCAD roll over from this level. The preferred short setup remains @ 0.97.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily 45.png Size: 32 KB
  • #12,371
  • Apr 5, 2021 1:45pm Apr 5, 2021 1:45pm
EURNZD, possible long setup @ 1.66/6625.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDDaily 45.png Size: 32 KB
  • #12,372
  • Apr 6, 2021 7:31am Apr 6, 2021 7:31am
Quoting shahab8b
{quote} USDJPY, short trade. Seems UJ is turning south ahead of 111. Levels to watch. Possible short setup @ 110.55/60, sl 20 pips. {image}
USDJPY short trade update, added on the retracement according to the trade plan.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1 46.png Size: 32 KB
  • #12,373
  • Apr 6, 2021 7:47am Apr 6, 2021 7:47am
Quoting shahab8b
AUDUSD 0.76 long trade, a simple RN and Fib 38 confluence trade. {image}
AUDUSD H1 ... Long again .... pullback from the same level ...look nice to going buy AUDUSD ... 2nd retesting demand area at 61%..
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1A.png Size: 51 KB
  • #12,374
  • Apr 6, 2021 7:58am Apr 6, 2021 7:58am
GBPCHF, H&Sh pattern on H4. Levels to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH4 46.png Size: 34 KB
  • #12,375
  • Apr 6, 2021 9:02am Apr 6, 2021 9:02am
GBPJPY short trade, and levels to watch for possible long and short setups (preferred).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1 46.png Size: 33 KB
  • #12,376
  • Apr 6, 2021 10:22am Apr 6, 2021 10:22am
GBPUSD H1 ...long set up ..61.8% level ..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1ZZXXZZ.png Size: 57 KB
  • #12,377
  • Apr 6, 2021 10:30am Apr 6, 2021 10:30am
Quoting shahab8b
Silver {image}
Silver update. Next time someone tells you TA doesn't work, show them these charts. And if they say this is a random trade call, show them this thread.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: silver 330.PNG Size: 70 KB
Click to Enlarge Name: Silver 46.PNG Size: 69 KB
  • #12,378
  • Apr 6, 2021 10:51am Apr 6, 2021 10:51am
Quoting mrhb30jr
GBPUSD H1 ...long set up ..61.8% level .. {image}
Yes, good level, also 1.38. BTW, flip the Fib, it's 38% retracement.
  • #12,379
  • Apr 6, 2021 11:18am Apr 6, 2021 11:18am
Quoting shahab8b
{quote} Silver update. Next time someone tells you TA doesn't work, show them these charts. And if they say this is a random trade call, show them this thread. {image} {image}
Ppl here on FF are non-stop on search for that holy trading system or indicator that gona tell them what and when to buy/sell it but such thing don't exist TA + MM and some fundametal support is the wining formula
  • #12,380
  • Apr 6, 2021 11:40am Apr 6, 2021 11:40am
Watch out the CHF/JPY is in interesting resistance area...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 33.png Size: 51 KB
Click to Enlarge Name: 333.png Size: 42 KB
21 traders viewing now