CFTC COT: Forex Weekly Report 05-10/2020 | EXHAUSTION SELL SIGNALS

Hello, big Boyz! I hope you all had a great weekend! CFTC COT Tool Data proving to be an extreme reliable a useful tool. The pullback indeed happened and some USD buying signals popped again. Let’s check it, but before we start don’t forget to share the article on your social media and follow me on Twitter @leohermoso

Forex Weekly Video

EURGBP | POSSIBLE TOP | BUY EXHAUSTION

Two sell signals to EURGBP, remember that there is no COT Data for EURGBP, but I do create it mixing EUR and GBP COT Data (you will find this no other place than here), what I learn looking at past EURGBP past signals they all are usually premature and the pair seeks next supply zone before drop again. You can find this going to the COT Tool→Tools→Past Signals, and, of course, don’t forget to select EURGBP on the dropdown menu.

Adding to the above we have an extreme on long positions, so a drop is highly expected.

EURGBP COT CHART

CFTC COT DATA EURGBP

TRADING PLAN

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AUDUSD | RSI SELL SIGNAL

Well by now you are familiar with the strong correlation AUDUSD have with Copper. We got a bunch of sell signals for Copper too, as we discussed in slack chat, makes a lot of sense to take some risk shorting AUDUSD now.

Looking at COT Index is easy to realize that commercials are already playing the downtrend mode.

We already have a short running and a clean breakout of 0.70 will encourage us to add more. So patience is the key here.

COPPER SIGNALS

COT CHART

CFTC COT DATA AUDUSD

Trading plan

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EXHAUSTION SIGNALS

This is a new session, here you will find assets that have open interest/net position exhaustion signals triggered and the next level to place your order.

SELL SIGNALS

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Friends, I want you all to take a look at the Bias table inside the cot tool, this week we have two MAJORS changing bias. This is going to be huge.

That’s it my friends! I hope you all can make some money out of this info and if have doubts or want to hear about or currency/commodity leave a reply!

Best regards

Leo Hermoso

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