Its seems bearish as it retraced back from 0.5 fib level and as clear from COT data lot of short positions are formed, during pullback, t get the good price , a very traditional method of pyramiding , target can be last low , it can move further as well.
Rejecting at downtrend key support in daily time frame short sell if make lower low
short as a lower lows fromed in lower time frame in and take profit in the supported area as a green color in the above picture
IT IS STILL SHORT COT AND PRICE ACTION SHOWS VERY MUCH BEARISHNESS IN DATA ENTER IN 1 HR OR 15 MIN TO GET BETTER RISK REWARD
IT SEEMS BULLISH TO ME BECAUSE 1 COT DATA SHOWS A LOT OF BULLISHNESS 2 ACCORDING TO CHARTS IT IS ALSO CREATING A FLAG PATTERN BREAKOUT 3 ENTER IN 1 HR OR 15 MIN TO GET GOOD RR RATIO
1. COT DATA SEEMS VERY BULLISH TO GBP AND BEARISH TO CHF 2. IT SHOWS CONSOLIDATION AFTER A DOWSINDE MOMENTUM AND NOW SHOWING SOME BULLISH SIGN 3. ENTER IIN 1 HR OR LESS THAN THAT TO GET A GOOD RR
1.COT DATA SHOWS A VERY BULLISH MOVE 2. THERE IS PUSH TOWARDS UPSIDE AND PULLBACK AND CONTINUATION OF UPWARD TREND 3. ENTER IN 1 HRS OR 15 MINUTE TIME FRAME TO GET GOOD RR RATIO
1. CHANNEL PATTERN BOTTOM 2.COT DATA I VERY BULLISH IN EUR AND BEARISH IN CHF 3. ENTER IN 1HR A 15 MIN TIME TO GET BETTER RR RATIO
1. DOWNTREND PULL BACK IS OVER 2.CREATING LL PRICE ACTION IN HIGHER TIMEFRAME 3.COT DATA SHOWS BEARISHNESS IN USD/JPY PAIR
1. SHORT, BECAUSE MAJOR DOWNTREND IS IN THE WAY 2. COT DATA IS SHOWING A LOT OF BEARISHNESS IN USD/CAD 3. WAIT TILL PULLBACK AND THEN TRY TO ENTER DO NOT ENTER NOW LET IT CORRECT FIRST THEN ENTER AT LOWER TIME FRAME
BULLISH COT DATA IS BULLISH AND ABOUT TO BREAK THE STRUCTURE AS WELL SO WATCH PRICE ACTION ABOVE THE RESISTANCE LINE AND TRY TO TAKE ENTRY AT LOWER TIME FRAME
Head and shoulder pattern found and trailing SL is key in this trade COT reports are also giving a short side view
I did a mistake in previous usdjpy analysis and now i corrected its a perfect time for usdjpy to be bullish
IN LONG TERM CHART PATTERN IT IS BREAKING DOWNSIDE CHANNEL PATTERN AND RETESTED AS WELL, ITS A GOOD TRADING OPPORTUNITY IN 1 HR TIME FRAME WHEN AGAIN BREAKING PRECEDING RESISTANCE WITH A 2:1 RR RATIO, COT REPORTS ARE ALSO SHOWING STRENGTH IN THIS CURRENCY.
AS PER THE COT REPORTS, THERE IS STILL POTENTIAL TO CONTINUE SHORT IF RETEST THE 30 FIB LEVEL DOWNSIDE CAN GO FOR A SHORT AND TARGET UPTO 50 FIB LEVEL IN 1 HR TIME FRAME PROBABILITY ALWAYS WINS
As of COT reports, it is very likely to be a bearish move, but taking entry must be precise to take the good risk-reward ratio PROBABILITY ALWAYS WINS