EU has formed a large bearish wedge in the Daily chart. If it breaks the bottom wall, it would target 1.1200 Sounds excessive, but who knows...

Weekly COT report Analysis + Trade Ideas

Interesting... This wedge on the Daily, measures a target of 1.1175 if the bottom wall is broken. Coincidence...?

EURUSD only

Inverted H&S in DXY. Neckline 90.90 - Implied target if broken: 92.60 MACD showing nice divergences. It looks ready to pop.

Cable Update (GBPUSD)

Inverted H&S in DXY. Neckline 90.90- Implied target if broken: 92.60 MACD showing nice divergences. It looks ready to pop.

EURUSD only

EU broke the neckline of the Head & Shoulders. Implied target 1.2025.

EURUSD only

Watch out longs... GU is building a large bearish wedge. It can drop quite a bit if it breaks the lower wall. The chart below is H4.

Cable Update (GBPUSD)

Thanks for the info. I moved my stop to BE so I´m fine whatever happens.

EURUSD only

Ata, I know you don´t want us to mention other pairs, commodities, etc. but at the risk of getting scolded, I do note what is happening to gold today. This is turning quickly into a risk off market. The $ is king with risk off. A covid selloff may ...

EURUSD only

TP: 2105 which is the 61.8% retracement of the last swing higher.

EURUSD only

I was able to enter two positions with average price of 2182. It looks like it is dropping now.

EURUSD only

I usually enter in three parts, so my first trade is usually early. If it climbs higher I will open the other 2 trades.

EURUSD only

Sold 2175. It looks like the $ is ready to bounce. Maybe this is the start of the drop to 1980.

EURUSD only

I agree, but I still believe EU will retreat at some point to the 1.1970 area (50% retracement) before heading to 1,2500.

EURUSD only

In my view, we don´t have a confirmed bull move until the third fan line is broken in H4. We are between the 2nd and the 3rd. Also, The bottom has not been tested (suspect), the down move stopped at 38% Fib (suspect) and there were plenty of H4 ...

EURUSD only

Thanks friend.

EURUSD only

Can you please share that indi? I like it... Thanks.

EURUSD only

This seems to be the end of the rise for now. Channel wall plus strong TDI divergence signals lower for now.

Cable Update (GBPUSD)

Hello Ata. Do you still think it is likely that EurUsd will visit the 1.19+ area? It has only retraced to the 38% Fib. The 50% would be 1.1973

EURUSD only

Thanks Shahad.

Weekly COT report Analysis + Trade Ideas

Hello Shahab. What do you think of Gold? Do you see further downside or maybe it will rise from here? I am considering opening a healthy position for the medium term. Thanks.

Weekly COT report Analysis + Trade Ideas