Price going up as expected, retail liquidity up ahead
Good Day traders, Last week institutions started to reduce some of the open interest , They took some profits on their longs with 29 344 contracts getting closed. On the short side we didn’t see an increase in their shorts. Therefore net positions reduced by 16 247. On the 13th of December they started reducing their exposure. Although we see that the open...
Dow jones has seen a very interesting time, Non Commercial are still short, Retail trades on the SP500 Index are 50/50 with their positions. Giving me a clear indication that we could see this market pushed up to lure retail traders to get long and then for market markers to step in and bring this down. There is very little evidence here and would trade this...
EURJPY has the largest open interest for retail traders. From previous analysis we can Expect a strong EUR based on the Cot Reports. EURJPY uptrend on a weekly chart is very much intact. Price has made Equal Lows ( Double Bottom) and hit a weekly Demand zone. Id like to see a close above 142.944 and then go long here. Should price coming down and do a stop hunt...
Bullish Daily Integrity as been broken, EURUSD is negatively correlated with the DXY which has an H1 trend going(bullish), This is a swing (position trade) its a very early entry will monitor the H1 on DXY
With Foreign Equites taking a beating, our Local market has been doing very well, I personally feel we could see profit taking from these levels. we could see a flight to safety into SA bonds here.
I'm by no means an Elliot wave fan but on a daily and weekly chart it proved to be valuable. I believe we are in a weekly/monthly 4th wave correction, and daily cycle we could see an extended 3rd wave with signs of an ending diagonal on lower time frames. Due to seasonality and low liquidity, we could see EURSD going into a range after December CPI reading,...
We now have a H1 uptrend, trade small on XXXUSD pairs shorts, keep adding them shorts
Starting to see good signs here on H1, its very early and DXY can quickly fall further from here, but we could see a trend develop here on H1 and then on H2,H4 etc. COt data will show the true intentions of the smart money
happy new year's all, well said previously I'm expecting a strong USD in Q1, It looks like we have our initial reaction. This could be a fast and hard move up on the DXY into the Weekly Fair value gap We should be there by end of Feb Mid March. Where we could see a pause, COT data will be crucial this week to analyze it will setup the next couple of months
Ready to sell Bitcoin when price comes to my level. As per previous analysis
US Stock Santa rally is over, we now have a double entry confirmation on the US500. I'm ready to sell this market at 3935.80 down to 12 months Demand where I'll start buying the SP500 ETF for the very long term. My entry rules are wait for Stop Hunt and then a break of structure, and a Return to Orderblock Lower time frames (or 50% FVG Macro time frames) after a...
As we head closer to the yearly candle close, it's important to note the following, USD should weaken over the very long term, EURUSD contact a yearly demand area at 0.95951, in 2023 we could expect headlines of Recession which should cause a panic in retail investors. I would like to see a close below 1.06060 on EURUSD. a retest of 1.0606 next year will be a...
looking at Bitcoin here, and it really does look like a market to stay away from, its in the middle of nowhere here on the monthly chart. its very likely we could see price drop to between 3850-9219.13 before we see any sign of reversal. My personal view is its going to $0.00. There is no risk appetite for investors at the moment,with the fed stopping the easy...
Waiting for H4 Supply to be taken out before getting long USD pairs. My bet is the first week of January we will see new money coming into the market. On a weekly chart Sell Stops has been hit therefore loads of liquidity has been trapped. Big risk off coming in markets
price has hit a trendline and also contacted Daily/ Weekly Supply area. lest wait for break of structure and Cot data, a hot CPI on the 14th of December will make this a very big sell
The fed has made it clear they will continue to hike rates, and keep them there for longer, The Theme for 2023 is US Recession, the terminal rate is now closer to 6%. The Santa rally have made a top and this sets up 2023 for a big year. If currencies can take out the Covid Low nothing stops stocks from doing the same. the next stop for me is 2800 and lower. its...
2nd entry has been activated, USD has been very weak to due Seasonality and FED comments. hope to see a bounce here