Smart Money Positioned to SHORT CAD - COT Strategy
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Canadian Dollar (6C)
My COT strategy has me on alert for short trades in 6C if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
OI Analysis: Upmove in price has seen Commercials aggressively move to the short side - bearish.
Valuation: Overvalued vs Treasuries
True Seasonal: Strong seasonal tendency to go down to October.
COT Small Spec Index: Sell Signal
Supplementary Indicators: %R
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
COT Strategy
SHORT
Canadian Dollar (6C)
My COT strategy has me on alert for short trades in 6C if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
OI Analysis: Upmove in price has seen Commercials aggressively move to the short side - bearish.
Valuation: Overvalued vs Treasuries
True Seasonal: Strong seasonal tendency to go down to October.
COT Small Spec Index: Sell Signal
Supplementary Indicators: %R
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
Disclaimer
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