Here on the Euro/ Aussie (EUR/ AUD) we have a gartley pattern that was picked up by the software. EUR/ AUD is not one of my closely followed pairs but i do trade it from time to time!
Now previously on the COT Report I just posted the Aussie COT and ill post it here too... but what we have is a bullish Gartley pattern. The original PRZ was very narrow so i also included the 1.27 over extension of the 786 ABC extension. Now, on to the Fundamental side... ***All the COT material is pulled from tradingster.com***
--------------------------------------------------------EURO COT -----------------------------------------------------------------------------------------------------------------------------
Non-Commercial Commercial Total Non-Reportable
Long Short Spreads Long Short Long Short Long Short
167,756 95,194 6,820 295,367 397,961 469,943 499,975 77,263 47,231
Changes (Change In Open Interest: -123 )
-4,224 +1,354 +332 +997 -2,866 -2,895 -1,180 +2,772 +1,057
(CONTRACTS OF EUR 125,000) Open Interest: 547,206
--------------------------------------------------------AUSSIE COT ---------------------------------------------------------------------------------------------------------------------------
Aussie Dollar COT Legacy Report (pulled from Tradingster.com)
Non-Commercial Commercial Total Non-reportable
Long Short Spreads Long Short Long Short Long. Short
25,301 64,859 558 91,226 39,980 117,085 105,397 15,712 27,400
Changes (Change In Open Interest: +3,533 )
+1,582 +5,715 -369. +1,540 +257 +2,753 +5,603 +780 -2,070
(CONTRACTS OF AUD 100,000) Open Interest: 132,797
As you can see the Euro, on the Non-Com, has almost a 1.5 : 1 long:short bias. Now what is interesting is that the Commercial Holders (like big international businesses, big farmers, and etc) are doubled on the short side and im assuming theyre expecting the Euro to gain some strength during this week so theryre hedging their risk accordingly. now, what we also see is that the Non-Commercial players have taken almost 5000 contracts off the long side... so we might see some weakening of the Euro; however, on the Aussie we have alot of short sentiment in the Aussie with 5000 contracts being added to the short side (on the non-commercial side). on the Aussie we almost have a 1:3 long/ short ratio, again Non-Commercial side.
Please remember this is my first time trying to add fundamental analysis to my trading so i know which harmonic Patterns will be stronger and which ones to watch.
im not sure how this is going to look when published but, i am trying to format it to be reader friendly.
Overall sentiment - Buy the Gartley Pattern. Wait for the reversal confimrmation and enter. we might see some slippage due to positions being closed on the Euro Long Side but overall the Hedge funds are buying the Euro and Gartley Pattern is saying Buy too!
#RISKFREEORBUST
EURAUD
Now previously on the COT Report I just posted the Aussie COT and ill post it here too... but what we have is a bullish Gartley pattern. The original PRZ was very narrow so i also included the 1.27 over extension of the 786 ABC extension. Now, on to the Fundamental side... ***All the COT material is pulled from tradingster.com***
--------------------------------------------------------EURO COT -----------------------------------------------------------------------------------------------------------------------------
Non-Commercial Commercial Total Non-Reportable
Long Short Spreads Long Short Long Short Long Short
167,756 95,194 6,820 295,367 397,961 469,943 499,975 77,263 47,231
Changes (Change In Open Interest: -123 )
-4,224 +1,354 +332 +997 -2,866 -2,895 -1,180 +2,772 +1,057
(CONTRACTS OF EUR 125,000) Open Interest: 547,206
--------------------------------------------------------AUSSIE COT ---------------------------------------------------------------------------------------------------------------------------
Aussie Dollar COT Legacy Report (pulled from Tradingster.com)
Non-Commercial Commercial Total Non-reportable
Long Short Spreads Long Short Long Short Long. Short
25,301 64,859 558 91,226 39,980 117,085 105,397 15,712 27,400
Changes (Change In Open Interest: +3,533 )
+1,582 +5,715 -369. +1,540 +257 +2,753 +5,603 +780 -2,070
(CONTRACTS OF AUD 100,000) Open Interest: 132,797
As you can see the Euro, on the Non-Com, has almost a 1.5 : 1 long:short bias. Now what is interesting is that the Commercial Holders (like big international businesses, big farmers, and etc) are doubled on the short side and im assuming theyre expecting the Euro to gain some strength during this week so theryre hedging their risk accordingly. now, what we also see is that the Non-Commercial players have taken almost 5000 contracts off the long side... so we might see some weakening of the Euro; however, on the Aussie we have alot of short sentiment in the Aussie with 5000 contracts being added to the short side (on the non-commercial side). on the Aussie we almost have a 1:3 long/ short ratio, again Non-Commercial side.
Please remember this is my first time trying to add fundamental analysis to my trading so i know which harmonic Patterns will be stronger and which ones to watch.
im not sure how this is going to look when published but, i am trying to format it to be reader friendly.
Overall sentiment - Buy the Gartley Pattern. Wait for the reversal confimrmation and enter. we might see some slippage due to positions being closed on the Euro Long Side but overall the Hedge funds are buying the Euro and Gartley Pattern is saying Buy too!
#RISKFREEORBUST
EURAUD