Marco_it972

Marco_it972

EUR/CAD daily trend is UP The pair is now consolidating sideways in a horizontal channel. Currently testing support LONG position, after support rejection confirmation, seems to be logical to catch some pips up until the high side of the channel

Marco_it972

WHAT IS IT The Commitment Of Traders (CoT) is a report issued by the Commodity Futures Trading Commission (CFTC) , one of the most important trading insitutionsof the American government. The report has the purpose of transparently showing market dynamics to the all the people involved or interested in the matter. The COT report show all currently open positions...

Marco_it972 Updated 

Confirmed DOWN structure on the 2H time frame. Currently a short-term uptrend is on going, acting as a structural retracement. Wait for counter-trend line break and, if confirmed, you can SHORT the market with STOP LOSS above previous RESISTANCE level and profit target just before the support level shown in the chart. Technical risk is that the market daily long...

Marco_it972

EUR/USD ANALYSIS: - LONG TERM DOWNTREND in PLACE - RETRACEMENT on 4H CHART ENDED near long term down trend line - Multiple bearish divergences in MACD on smaller time frames STOP LOSS above long term trend line TAKE PROFIT with reward/risk ratio of about 3 should be safe Good luck!

Marco_it972 Updated 

Confirmed DOWN structure. The WAVE is now under RETRACEMENT. Wait for counter-trendline break (yellow line) after the price has hi resistance level. After counter-trendline break confirmation on the 2H timeframe, SELL. Stop loss above last structural LOW level. Take profit just before next resistance/pivot point (dash green line). Good luck!

Marco_it972

USDJPY is hitting resistance level and should continue to fall

Marco_it972

USD/JPY entered a sideways price channel. Potential trade opportunity about predictable next moves