Very important: Unless EU rallies in the final hours, it will close the month with a Key Reversal candle. Over the years, I have had great success trading Key Reversal bars. This one is especially important, being a monthly candle. This brings to ...

Weekly COT report Analysis + Trade Ideas

The Nasdaq needs to break the high of 9/23 and it will be off to the races. It may not happen until there is an announcement regarding the relief package which could be announced next week.

Weekly COT report Analysis + Trade Ideas

All my technicals indicate a turn around New York session. Of course, that depends on Nasdaq continuing higher and that in turn depends to a large extent on Congress passing the relief aid that is getting close to passing. I don´t see much downside ...

Weekly COT report Analysis + Trade Ideas

The DXY daily shows a normal light retracement of USD. Yesterday´s doji makes it highly unlikely that USD breaks the trendline. Also, Nasdaq futures are solid. I expect a risk on day from here. Good buying opportunity for EU, GU, GBPJPY, AUDUSD. I ...

Weekly COT report Analysis + Trade Ideas

Inverted H&S for EU, good for 54 pips from neckline. 75 pips from current location. It would take price to the neckline of the top formation.

Weekly COT report Analysis + Trade Ideas

GBPJPY is on the verge of breaking the neckline of the H&S pattern. I have been scalping this thing to death since yesterday. In an out 20 times already. Great pair for scalping.

Weekly COT report Analysis + Trade Ideas

Market selloff again. GBP will come down unless it turns.

Weekly COT report Analysis + Trade Ideas

I would not be surprised if the Weekly candle for EU closes as a long hammer.

Weekly COT report Analysis + Trade Ideas

Anything can happen in the markets as we all know, but going through the charts, there is a strong feeling of breakout and Risk on building. We´ll see if it pans out.

Weekly COT report Analysis + Trade Ideas

The Nasdaq rallying from the double bottom should help all the GBP pairs. We may be moving to Risk On. We´ll see how it closes.

Weekly COT report Analysis + Trade Ideas

EU closed 3 H1 dojis in a row. Now it is trying again to go north. The Stochastic fan is all bunched up, which usually means explosion in the opposite direction.

Weekly COT report Analysis + Trade Ideas

This thing really looks like it wants to break out higher. Inverted H&S and almost complete wedge.

Weekly COT report Analysis + Trade Ideas

I am beginning to doubt that EU will drop much more. My main reasoning for the EU drop was the huge probability that it was going to test the 13 year old trendline on the back side. It is already in the process of doing so now (See picture). I now ...

Weekly COT report Analysis + Trade Ideas

All we need is to break the wedges and we are off to the races. It could be pretty explosive. EU is also in a wedge. DXY has reached the top of the channel. I expect the down move soon.

Weekly COT report Analysis + Trade Ideas

Getting ready for take off. I am beginning to build my long position in GBPUSD and GBPJPY.

Weekly COT report Analysis + Trade Ideas

Below are the natural ascending channels for GBPUSD since the year 2000. Each of these channels is a copy of the others. I only adjusted the width on a couple of the channels, but the angle is the same in all of them. As you can see, it always ...

Weekly COT report Analysis + Trade Ideas

The way it is acting, this may be the low for EU. Anything can happen, but the big guys are not letting it drop and DXY already hit 94 which was going to be the high in my book.

Weekly COT report Analysis + Trade Ideas

Just as I was saying this, there it goes.

Weekly COT report Analysis + Trade Ideas

I agree with you. It does seem like it does not want to break the bottom...

Weekly COT report Analysis + Trade Ideas

I also believe it is a correction. I believe the USD is going to suffer a major fall in the next 12 months, which will rocket EU, AU, GU and NU much higher. First we have to bottom all the pairs (Example: eu: 1.1550, gu: 1.25) and then we take off, ...

Weekly COT report Analysis + Trade Ideas