Mogwaison40

Mogwaison40

SENTIMENT: GBP STRENGTH / JPY WEAKNESS AREAS OF INTEREST 151.75 - 152.25 152.25 - 152.75 TRADE STATEMENTS: IF MKT INDICATES WEAKNESS IN 151.75 - 152.25; THEN SELL MKT IF MKT INDICATES WEAKNESS IN 152.25 - 152.75; THEN SELL MKT TRADE MANAGEMENT: PORTFOLIO RISK PARAMETERS (1% - 3%) SET SL/TP/BE PARAMETERS ACCORDINGLY ALLOW TRADE TO DEVELOP COT DATA...

Mogwaison40

COT DATA FOR GBP: 2021 - 03 - 30 (L) 47,222 (S) 22,263 (TOT CON) 69,485 (% L) 68% (% S) 32% (NET CON) 24,959 COT DATA FOR JPY: 2021 - 03 - 30 (L) 84,205 (S) 24,724 (TOT CON) 108,929 (% L) 77% (% S) 23% (NET CON) 59,481 SENTIMENT: GBP STRENGTH / JPY STRENGTH JPY STRENGTH IS NEW SINCE 2021-03-16 @ 59,481 NET CONTRACTS TO GBP 24,959 NET CONTRACTS AREAS OF...

Mogwaison40

MARKET SENTIMENT: USD WEAKNESS & CAD STRENGTH COT DATA: 2021-03-30 (L) 41,944 (S) 48,462 (TOTAL CONTRACTS) 90,406 (% L) 46 % (% S) 54 % (NET CONTRACTS) - 6,518 MARKET MAKERS SHORT BIAS - SELLING USD & BUYING CAD AREAS OF INTEREST: 1.2625 - 1.2700 SUPPLY ZONE 1.2550 - 1.2600 SUPPLY ZONE 1.2300 - 1.2375 DEMAND ZONE TRADE STATEMENTS: IF MKT INDICATES WEAKNESS IN...

Mogwaison40

USDCAD SHORT SETUP: COT DATA: 2021-03-16 (L) 40,644 (S) 50,907 (TOT CON) 91,551 (%L) 44% (%S) 56% (NET CON) -10,263 SENTIMENT: USD WEAKNESS / CAD STRENGTH AREAS OF INTEREST: 1.2625 - 1.2700 SUPPLY ZONE 1.2550 - 1.2600 SUPPLY ZONE 1.23 - 1.2375 DEMAND ZONE TRADE STATEMENTS: IF MKT INDICATES WEAKNESS IN 1.2550 - 1.2600; THEN SELL MKT IF 1.2625 IS TRADED; THEN...

Mogwaison40

Smart Money is buying GBP and selling JPY! Look for Smart Money to begin booking profits on previous buy positions and then accumulating fresh buy positions into the 146.50 Demand Zone Area. REMEMBER: Smart Money trades towards liquidity...think magnetism! Do not try to front run this trade opportunity. Wait for momentum to reveal itself in the MKT. Guessing...

Mogwaison40

AUD/USD has been trending higher on a daily perspective. We are looking to enter this market long on a pullback to a relevant support area around 0.6840. We would expect a retest of the Dec 31/2019 swing high of 0.70319 and so have placed our first target at this level. As per usual, we would wait to see confirmation of trend resumption at this key level to...

Mogwaison40

AUD/USD has been making a series of higher highs and higher lows since carving out the swing low of March 19/2020 at 0.55063. Looking for this pair to pullback into support to initiate a long position. If on completion of pullback we see a viable entry trigger long on the 4HR chart we will be executing a long trade on AUD/USD for an initial target of 0.6940 &...

Mogwaison40

USD/CAD has been trading lower off of its March 18/2020 high of 1.46674, putting in a series of lower highs and lower lows on a daily perspective. Looking for this pair to retrace higher from current levels into previous resistance areas. Scenario 1 sees the USD/CAD running into near term resistance around 1.3860 and then turning lower to the support area around...

Mogwaison40 Updated 

Looking for a short entry reason as GBP/JPY enters into former support now turned resistance in the area of 147.00 - 147.35. On the daily time frame, the GBP/JPY is trending lower making a series of lower highs and lower lows. Potential targets on this trade idea are listed as (1) Target = 146; (2) Target = 144.85; & (3) Target = 143.70. Stop loss for this trade...

Mogwaison40

GBP/USD is trending lower, making a series of lower highs and lower lows on the daily timeframe. Looking to buy GBP/USD at Support Area (1.2920 - 1.2940) for a retest and failure at previous Resistance Area (1.3015 - 1.3045). Looking then to join the trend at this same area for a retest of previous Support Area (1.2820 - 1.2840). Stops on this trade idea will be...

Mogwaison40

Looking for GBPCAD to retrace into area of (R) and wait for confirmation that sellers are being drawn into the market. The 4HR MACD is turning over and the pair is heading into a previous area of (S) turned (R). Sellers may take the pair down into the 1.6830 area on first attempts.

Mogwaison40

EURUSD put in a double top formation on the daily chart back on Feb 16. Subsequently, there was a lower high put in on Mar 7 and reconfirmed on Mar 8 @ 1.2445/1.2446. I am interested in a short position in the area of 1.2445 - 1.2400 with targets @ 1.2190 - 1.2150. I will be waiting for candlestick confirmation on the 4HR chart within the 1.2445 - 1.2400 area to...

Mogwaison40

I am looking to see GBPUSD resume its daily uptrend this week. We have seen consolidation develop on the GBPUSD as it has tightened in daily range over the last few trading sessions. I am looking long on a pullback into the small dashed uptrend line around 1.3835 for a retest of the session high of Feb 26 at 1.4070.

Mogwaison40

USDCAD is in a consolidation pattern with range extremes coming in at 1.2675 - 1.2915. We could see a return to point C and see a reversal lower to the 1.2675 area around point D. If price action breaks above and closes above point C we could see an impulse move higher to the area of 1.3015 and onward to the 1.32 handle. The bullish hammer formed on the 14th of...

Mogwaison40

USDJPY is currently correcting lower in a larger symmetrical triangle pattern. There could be two scenarios that play out this week in this market. Scenario (1) is that the USDJPY finds support at the medium term diagonal support area C around the 1.12 handle. Scenario (2) is that the USDJPY finds support at the longer term diagonal support area E around the...

Mogwaison40

USDCHF is looking primed for an impulse move higher from point C. Looking to confirm this analysis on lower time frames with price action/candlestick patterns indicating a pivot in sentiment. We could see a move into the horizontal resistance area around the 1.00 handle later this week.

Mogwaison40

GBPUSD is trading within a channel up pattern on the Daily time frame. We could see a continuation of the current price pullback into the 1.32 handle. Looking for confirmation on shorter time frames around this 1.32 area to get long. We could see a continuation and impulse leg higher into the 1.3550 area later this week.

Mogwaison40

EURUSD has been trending higher on the weekly timeframe. It is near its diagonal support line (grey hashed line and point D), where it is anticipated that the pair will pivot and resume its uptrend. Buy Side Area of Interest: 1.1725 - 1.1740 for a long opportunity. Confluence To Consider: The Daily Slow Stochs are in oversold territory at current prices. We...