Hello, big Boyz! I hope you all had a great weekend! A lot of USD buying and now CFTC COT Data is telling us a pullback lies ahead of us. All the positions I took last week were closed on Thursday. Now it’s time to exercise our patience again, yet I brought you some opportunities. 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
The Forex Weekly Video
BIG MOVERS
USDJPY – POSSIBLE BOTTOM
My favorite COT Signal. Commercial buying climax, opening possibilities of a bottom, and consequently more upside. I am going small as a pullback for CFTC COT USD is expected. The black lines in the charts are the previous “Possible Bottom” Signals. Open your cot tool and go to the “Past Signals” tab to see more. I also do not expect a big move, something like 60-80 pips, and I am out.
COT POSITIONS
USDRUB – POSSIBLE TOP
By now you already know COT Index signals are my favorite. With the idea of a USD pullback in mind, shorting CFTC COT USDRUB makes more sense than the USDJPY long trade. Another super positive point is the fact that we receive positive swaps to hold a short on USDRUB
- COT INDEX Possible Top;
- weekly supply zone;
- positive swaps;
- above expected high.
Weekly Supply Zone
COT POSITIONS
Volatility Tool
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
