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EURUSD

  • #1,194,581
  • May 21, 2021 2:59pm May 21, 2021 2:59pm
More COT long positions are added to EURUSD. Looking at that, fundamentals plus technicals, EURUSD remains bullish. Only pay attention to "non-commercial" Trade safe.
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  • #1,194,582
  • May 21, 2021 4:01pm May 21, 2021 4:01pm
Quoting OnlineAddict
{quote} We will see soon enough if it is bearish or not...
Today's London fix "showed" the coming bearish trend.

Technically, weekly chart = bearish, daily chart = bearish.

Fundamentally euro has been bearish for quite some time, but it always takes time to catch up with the chart, no biggie.

Nice bull trap above 2200 this week, next week, when euro starts dropping, newbies will be adding longs, so the drop will continue.

First big short target 1980, 200 pips from today's close, easy peasy!

p.s. USDx bulls won the fight at 90!

Attached Image
Everyone can see the chart, but only a few can actually read it.
  • #1,194,583
  • May 21, 2021 4:10pm May 21, 2021 4:10pm
Quoting Techanalyst
More COT long positions are added to EURUSD. Looking at that, fundamentals plus technicals, EURUSD remains bullish. Only pay attention to "non-commercial" Trade safe. {image}
Like I said if not this week, next week EURUSD will get to 1.22xx-1.23xx. Which is daily supply zone. EUR fundamentals has recovered a bit, which is good for EUR.
Looking at weekly, it is totally bullish, the trend is bullish. There is absolutely no sign of bearish. Same with daily. This small down move today, it is typical move on Fridays. Institutions taking some profits off. Nothing new. COT reports, more institutions added long positions. So again, fundamentals, COT reports, technicals, all confirm EURUSD bullish. So EURUSD is bullish. No sign of bearish move yet, no bearish trend, nothing. EURUSD is bullish.

I took all my profits off, but left one buy position open. Will add more next week. Trade safe.
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  • #1,194,584
  • May 21, 2021 4:19pm May 21, 2021 4:19pm
Quoting OnlineAddict
{quote} Today's London fix "showed" the coming bearish trend. Technically, weekly chart = bearish, daily chart = bearish. Fundamentally euro has been bearish for quite some time, but it always takes time to catch up with the chart, no biggie. Nice bull trap above 2200 this week, next week, when euro starts dropping, newbies will be adding longs, so the drop will continue. First big short target 1980, 200 pips from today's close, easy peasy! p.s. USDx bulls won the fight at 90! {image}
Actually that is a big up trend.
However this week we saw ECB was dovish today and FED was a little hawkish wednesday. Also technicals indicate serious weakness in bull side on H4 and daily chart. So I expect some deep corrections in upcoming week.
If fundamentals remain in dollar strenght and euro weakness, it could turn to a bearish trend next month.

BTW nothing is guaranteed in the market.
I held my short positions from 2217-2230 and need to break below 2150 to add more. Otherwise it still may attack some higher levels to grab liquidity to sharp drop (less likely).
My 2 cents.

Have a great weekend folks...
Trade to enjoy... Money is after!
  • #1,194,585
  • May 21, 2021 4:25pm May 21, 2021 4:25pm
Quoting saninvestor
{quote} Actually that is a big up trend.
When I say bearish, I am talking about the future, not the past. Trend WAS bullish and now its turning...
Everyone can see the chart, but only a few can actually read it.
  • #1,194,586
  • May 21, 2021 6:22pm May 21, 2021 6:22pm
Yesterday price would have actually gone up... solid buy signal at 1.221 but the market has moved from trending to ranging and hence a retest of 1.2160
  • #1,194,587
  • May 21, 2021 11:13pm May 21, 2021 11:13pm
Quoting Techanalyst
{quote} Like I said if not this week, next week EURUSD will get to 1.22xx-1.23xx. Which is daily supply zone. EUR fundamentals has recovered a bit, which is good for EUR. Looking at weekly, it is totally bullish, the trend is bullish. There is absolutely no sign of bearish. Same with daily. This small down move today, it is typical move on Fridays. Institutions taking some profits off. Nothing new. COT reports, more institutions added long positions. So again, fundamentals, COT reports, technicals, all confirm EURUSD bullish. So EURUSD is bullish....
Tech go to weekly chart zoom out you can see prices till 1990 on the weekly chart we are currently at a a support turn resistance and on the weekly we have made a higher low this means that as soon as this resistance is cleared
  • #1,194,588
  • May 22, 2021 12:06am May 22, 2021 12:06am
Quoting Techanalyst
{quote} Like I said if not this week, next week EURUSD will get to 1.22xx-1.23xx. Which is daily supply zone. EUR fundamentals has recovered a bit, which is good for EUR. Looking at weekly, it is totally bullish, the trend is bullish. There is absolutely no sign of bearish. Same with daily. This small down move today, it is typical move on Fridays. Institutions taking some profits off. Nothing new. COT reports, more institutions added long positions. So again, fundamentals, COT reports, technicals, all confirm EURUSD bullish. So EURUSD is bullish....
higher low & COT sentiment
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  • #1,194,589
  • May 22, 2021 5:04am May 22, 2021 5:04am
It failed to break out above 1.2245. I was hoping it would. Let's see whether it will happen next week.
  • #1,194,590
  • May 22, 2021 6:16am May 22, 2021 6:16am
COT always LONG
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  • #1,194,591
  • May 22, 2021 10:51am May 22, 2021 10:51am
I think newbies must not listen a red diamond users advices. (Including me. )
I saw there are so many fake signals. A young traders have to trade by its own analysis.

Be careful people and wish you many green pips!
  • #1,194,592
  • Edited 2:54am May 23, 2021 2:38am | Edited 2:54am
EURUSD bullish in the range noted with orange.

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Also something out of the bullish yet context that might work.

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Looking for profitable short term trades ...|
  • #1,194,593
  • May 23, 2021 8:43am May 23, 2021 8:43am
Inserted Video



Good information.
  • #1,194,594
  • May 23, 2021 3:34pm May 23, 2021 3:34pm
I will await EURUSD price action to provide directional clarity in the early part of this week. Here's why, from the technical perspective of a medium-term swing trader. EURUSD price action on the daily time frame is in an inner rising channel (blue) within a larger rising channel (red) seen on the weekly time frame. Presently, price action is sideways. The fact that this sideways came just after another sideways of price action a few days back indicates a weakness in bullish momentum. The 1.22940/1.23415 area (magenta) is the next significant horizontal resistance on the daily time frame. Personally,


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,194,595
  • May 23, 2021 3:52pm May 23, 2021 3:52pm
Quoting Js3mwtRc
EURUSD bullish in the range noted with orange. {image} Also something out of the bullish yet context that might work. {image}

I agree I think EURUSD in a small range as shown by your orange section. I'd also watch for a potential breakout from the trendline (even though it's quite a weak trendline) the breakout may have confluence from the breakout off the blue rectangle price pivot shown on the chart (lower section of the range) and the 1.2150 level.
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Pip Project - Trading Channel
  • #1,194,596
  • May 23, 2021 4:46pm May 23, 2021 4:46pm
Planning the week with calendar for us sessions
- Monday the euro zone is closed so mostly side way action and slow moving market where broker rules and take advantage.
- Tuesday minor new so it can produce small trading opportunity
- Wednesday FOMC members speak so small trading opportunity. Surprise new will make the market rattle
- Thursday USD Prelim GDP q/q and Unemployment Claims major news events most like major player interesting here so good day to trade as it will produce some opportunity
- Friday also look like a soft day to trade carefully only minor new.

As we all know news has lot of influence in the market and if I am missing something please share and make our trading better.

Looking at the weekly chart we are reaching a resistance level. Price is still in an uptrend trend taking long trades makes sense. Please share anything that can make the coming week profitable.
  • #1,194,597
  • May 23, 2021 6:53pm May 23, 2021 6:53pm
Quoting yogii291
Planning the week with calendar for us sessions - Monday the euro zone is closed so mostly side way action and slow moving market where broker rules and take advantage. - Tuesday minor new so it can produce small trading opportunity - Wednesday FOMC members speak so small trading opportunity. Surprise new will make the market rattle - Thursday USD Prelim GDP q/q and Unemployment Claims major news events most like major player interesting here so good day to trade as it will produce some opportunity - Friday also look like a soft day to trade carefully...
Month end
  • #1,194,598
  • May 23, 2021 7:13pm May 23, 2021 7:13pm
Quoting yogii291
Planning the week with calendar for us sessions - Monday the euro zone is closed so mostly side way action and slow moving market where broker rules and take advantage. - Tuesday minor new so it can produce small trading opportunity - Wednesday FOMC members speak so small trading opportunity. Surprise new will make the market rattle - Thursday USD Prelim GDP q/q and Unemployment Claims major news events most like major player interesting here so good day to trade as it will produce some opportunity - Friday also look like a soft day to trade carefully...
US GDP data is big enough for this week. It will be enough to open a trade and hold it for few weeks. USD is weak right now and we will see if it's going to strengthen or not with this data. I am long on EURUSD since 1.1750 and i think USD is likely to continue losing value for a while.
You have to have an IQ higher than 90 to interact with this user.
  • #1,194,599
  • May 23, 2021 11:27pm May 23, 2021 11:27pm
going to add massive amounts of longs today , nearly 10% margin ; reason tech will explain

nearly 118 open orders totaling 1.18 lots
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  • #1,194,600
  • May 23, 2021 11:56pm May 23, 2021 11:56pm
Quoting here2there
{quote} COT, Weekly Chart, and Sentiment give market direction. Supply and Demand zones provide us with potential targets and potential entry points. The following indicator makes it easy to find Supply and Demand zones. {file} Weekly chart is good for direction, Daily is good for signals, and 4HR is good for entries. Look for engulfing candles, inside bars, pin bars, and tweezers at major areas of...
Hi Here2there
May be i ask silly question, but regard to COT website that you provide, there is different repot: COT legacy and COT.
COT legacy seem to be very similar that Techanalyst provide, but COT report there is a huge diffrent in number. Could you hint me some insight about COT report?
Best regard
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