I think EU needs to break below that TL and 1.22 to clear the path to a major move to 1.20. Otherwise it may go up again. The short trade and H&Sh pattern on H1 was posted here url Happy New Year everyone!

EURUSD

EU needs to break blow that TL and 1.22 today or on Monday, otherwise it may go up again. S @ 1.22, 1.2150, 1.21, and 1.2075.

Weekly COT report Analysis + Trade Ideas

EURGBP, short trade update, S @ 0.89.

Weekly COT report Analysis + Trade Ideas

EU is testing the TL I pointed out earlier. Let's see how it reacts.

Weekly COT report Analysis + Trade Ideas

USDCHF, long trade 0.88, that ending diagonal pattern worked well. UCHF has overhead R @ 0.8850, 0.89, and 0.8920.

Weekly COT report Analysis + Trade Ideas

EURUSD, short trade update. That H&Sh pattern worked well. I've adjusted my TP targets. This may turn into a swing trade. But it's always wise to do partial TP after a decent move (50-100 pips). If you took this trade based on my H&SH pattern, ...

Weekly COT report Analysis + Trade Ideas

EURUSD, the bias remains bullish above 1.22. But I'll keep an eye on that TL. If EU breaks below that TL and we see a daily close below 1.2150/1.22, that will open up 1.20.

Weekly COT report Analysis + Trade Ideas

EURUSD, short trade update. I added on a retest of the H&Sh neckline.

Weekly COT report Analysis + Trade Ideas

USDCHF, possible ending diagonal pattern on H1.

Weekly COT report Analysis + Trade Ideas

GBPUSD short trade 1.3675. I figured they might want to drop it before the highly anticipated 1.37 RN. GU is in an uptrend, we may see higher levels before any major correction.

Weekly COT report Analysis + Trade Ideas

GBPUSD, the trend is bullish above 1.36. I'll keep an eye on 1.3675, 1.37, and 1.3750.

Weekly COT report Analysis + Trade Ideas

NZDUSD, trend is bullish above 0.71. We didn't see any reaction @ 0.72. Next levels to keep an eye on are 0.7250 and 0.73.

Weekly COT report Analysis + Trade Ideas

EURUSD, short trade. It seems like a H&Sh pattern on H1. Let's see if that's the case.

Weekly COT report Analysis + Trade Ideas

EURGBP, short trade update. Let's see if it can break below 0.90

Weekly COT report Analysis + Trade Ideas

Yes. But the trend is very strong. These counter trends are only good for 25-30 pips.

Weekly COT report Analysis + Trade Ideas

GU reached 1.36 RN and previous high. The RRR favored a short trade in my book. There are levels to reload long as shown on my chart. I think you may not be familiar with how I trade. You may check out my trading journal.

Cable Update (GBPUSD)

GBPUSD, short trade. Possible levels.

Weekly COT report Analysis + Trade Ideas

Yes. You have seen my saucer pattern on monthly. GU will go to 1.40. But not today. It may need some corrections first. We reload at a lower price again.

Weekly COT report Analysis + Trade Ideas

EURUSD short trade. I certainly don't recommend taking counter trends with this PA. But this had to be done.

Weekly COT report Analysis + Trade Ideas

USDJPY, I've been waiting for this trade for a very long time. Let's see if UJ can break below 103.

Weekly COT report Analysis + Trade Ideas