I'm skeptical about this rejection. UCAD long may look OK for now, but that trend has changed to the downside as well (below 1.2825 is bearish)

Weekly COT report Analysis + Trade Ideas

EURUSD, short trade update. We got a decent drop for a counter trend setup. Let's see how it develops. We need a D1 close below 1.2150 for a trend change. So this can easily continue higher again.

Weekly COT report Analysis + Trade Ideas

Great job on US300. I think you may be biased again. Did you take long GU @ 1.3450 yesterday? These setups present themselves everywhere. When you have a bias (short/long USD) and you are fully loaded, take a few trade setups on the opposite ...

Weekly COT report Analysis + Trade Ideas

EURUSD, short trade 1.2275, never gets old. P.S. this doesn't mean a trend change. EU is in a very strong uptrend in all TFs. Let's see how it develops.

Weekly COT report Analysis + Trade Ideas

EURUSD, long trade. Levels to watch 1.2275/1.23 Both EU and UCHF reached the levels I expected to see. Let's see the reaction from here.

Weekly COT report Analysis + Trade Ideas

USDCHF, short trade update. Levels to watch.

Weekly COT report Analysis + Trade Ideas

USDCAD, possible setups.

Weekly COT report Analysis + Trade Ideas

NZUDSD, long trade. Levels to watch 0.7175 and 0.72

Weekly COT report Analysis + Trade Ideas

AUDUSD, trend is bullish above 0.75. Possible levels 0.7650 and 0.77.

Weekly COT report Analysis + Trade Ideas

I think EU and UCHF want to retest the previous the low and high, respectively. There is a good chance they continue the trend. There is a small chance they form a double top/bottom. That remains to be seen.

Weekly COT report Analysis + Trade Ideas

Yes, but you should take these trades the first time they reach the confluence levels. Unless there are some other technical factors that favor the trade.

Weekly COT report Analysis + Trade Ideas

NZDUSD, trend is bullish above 0.71. Possible levels.

Weekly COT report Analysis + Trade Ideas

EURUSD, trend is bullish above 1.2150. R @ 1.2250/75, above that we will see 1.23.

Weekly COT report Analysis + Trade Ideas

USDCHF, trend is bearish below 0.8920. The next levels are 0.8825 and 0.88.

Weekly COT report Analysis + Trade Ideas

USDCHF, short trade taken based on the confluence level @ 0.89

Weekly COT report Analysis + Trade Ideas

GBPUSD, added to the short position. Possible levels. We did get a good bounce off 1.3450 confluence zone. GU will be bullish in the short term if breaks above 1.3520 and that TL.

Weekly COT report Analysis + Trade Ideas

You have valid points. The confluence method we practice here is based on finding the significant levels. We look at 1) 0.25/0.5/0.75 round numbers 2) Supply/Demand or Support/Resistance levels, 3) Fibonacci levels, and if you like you can add 4) ...

Weekly COT report Analysis + Trade Ideas

EURJPY short trade, never gets old.

Weekly COT report Analysis + Trade Ideas

Hi Leon, thanks for your nice words. I like your GU analysis. It seems GU is doing a correction within the overall uptrend at this moment. I'm expecting a possible bounce off 1.34/1.3450 confluence zone. But if we get a D1 close below 1.3350 it can ...

Cable Update (GBPUSD)

Good job on UJ long 103.50. I don't mind going long on a retest of 103.75. It formed a little triangle and broke to the upside. UJ 104 may provide short setup.

Weekly COT report Analysis + Trade Ideas