ED1! trade ideas
EURUSD, Weekly - short squeezeRecently the large speculators has significantly reduced the short positions in the euro futures market. This seems to be a huge change in the positioning of the important market participants. This may suggest that the recent downward trend in the euro fx may be ended.
This type of switch in positioning is a rare phenomenon so it could worth paying attention to it.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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Likely Short between .382/.50 Fib 1.09380/1.09845Likely Short between the .382/.50 Fib shown as red box 1.09380/1.09845
Be as this has bullish engulfing so not a low risk trade
don't make a decision now until the trading range breaksthe break at the top or the bottom of the range will decide the tendency to follow either buy or sell
EURO Forecast1. The Euro is currently finishing its 4th-wave
2. Rejection candles are showing on both D1 & H4 charts
3. Pricing Soaring next to the resistance.
4. The 5-wave is on the cards.
Will have to monitor this pair for the next coming days.
Time To Bail? Distribution Megaphone At Top Of ChannelEuro is at top of a number of downward channel trend lines and is printing a megaphone pattern. This looks like distribution as the larger traders dump positions into the order book and widen its range.
Selling from the top of the day here could be a very good swing position short. I also have a short bias intraday.
Party Might Be OverIt's at the top of the channel and showing weakening on the day chart. It might chop around a bit intraday but overall will have a bearish bias on this at least until it shows strength near one of the median lines.
Time for Euro turnaround6E has been on a tear to the downside. Looks like some basing and strengthening in the RSI could prove to be either a bounce or retracement on the daily
Euro Futures - LongShort term (M15) Accumulation pattern played out perfectly.
Significant level gained, giving possibility for larger timeframe (H4) pattern to play out.
euroThis is why we watch targets. We posted the warning a few days ago or whatever. Hopefully you guys protected any shorts
Euro This is starting to come up on targets. (first target) the second target comes iin much lower. Were trend traders so were shorting rallies at key levels until it doesnt work anymore..but usually at targets you get a bigger bounce that fools people into thinking a serious low is in. SO were watching key levels on any bounces and we will short them again until it just doesnt work anymore
Fishing for a Euro bottomGretzky Div looks great. got funky feeling in my elbow which is highly correlated with Euro longs. So I'm long.
small size due to R:R
SHORT 6E1! BETWEEN 1.11010-1.1103003.02.2020
6E1!
SHORT 6E1! BETWEEN 1.11010-1.11030
CMP : 1.10925
INTRADAY TARGETS
T1 : 1.10895
T2 : TRAIL WITH SL AT BREAKEVEN 1.110725
SL : 1.11075
LONG 6E1! BETWEEN 1.10640-1.10650 31.01.2020
6E1!
LONG 6E1! BETWEEN 1.10640-1.10650
CMP : 1.10745
INTRADAY TARGETS
T1 : 1.10790
T2 : TRAIL WITH SL AT BREAKEVEN 1.11080
SL : 1.10570
Highly Bearish Intraday BiasComing off top of linear regression channel edge, only direction for intraday trades is down.
