GBP/JPY SHORT SETUP OPPORTUNITY
COT DATA FOR GBP:
2021 - 03 - 30
(L) 47,222 (S) 22,263
(TOT CON) 69,485
(% L) 68% (% S) 32%
(NET CON) 24,959
COT DATA FOR JPY:
2021 - 03 - 30
(L) 84,205 (S) 24,724
(TOT CON) 108,929
(% L) 77% (% S) 23%
(NET CON) 59,481
SENTIMENT: GBP STRENGTH / JPY STRENGTH
JPY STRENGTH IS NEW SINCE 2021-03-16 @ 59,481 NET CONTRACTS TO GBP 24,959 NET CONTRACTS
AREAS OF INTEREST"
150.75 - 151.25
151.75 - 152.25
152.25 - 152.75
TRADE STATEMENTS:
IF MKT INDICATES WEAKNESS IN 150.75 - 151.25; THEN SELL MKT
IF MKT INDICATES WEAKNESS IN 151.75 - 152.25; THEN SELL MKT
IF MKT INDICATES WEAKNESS IN 152.25 - 152.75; THEN SELL MKT
TRADE MANAGEMENT:
PORTFOLIO RISK PARAMETERS (1% - 3%)
SET SL/TP/BE PARAMETERS ACCORDINGLY
ALLOW TRADE TO DEVELOP
IDEA ALERT:
BE AWARE OF PRICE ACTION AGAINST TRADE IDEA
MKT COULD TURN HIGHER FROM CURRENT LEVELS
2021 - 03 - 30
(L) 47,222 (S) 22,263
(TOT CON) 69,485
(% L) 68% (% S) 32%
(NET CON) 24,959
COT DATA FOR JPY:
2021 - 03 - 30
(L) 84,205 (S) 24,724
(TOT CON) 108,929
(% L) 77% (% S) 23%
(NET CON) 59,481
SENTIMENT: GBP STRENGTH / JPY STRENGTH
JPY STRENGTH IS NEW SINCE 2021-03-16 @ 59,481 NET CONTRACTS TO GBP 24,959 NET CONTRACTS
AREAS OF INTEREST"
150.75 - 151.25
151.75 - 152.25
152.25 - 152.75
TRADE STATEMENTS:
IF MKT INDICATES WEAKNESS IN 150.75 - 151.25; THEN SELL MKT
IF MKT INDICATES WEAKNESS IN 151.75 - 152.25; THEN SELL MKT
IF MKT INDICATES WEAKNESS IN 152.25 - 152.75; THEN SELL MKT
TRADE MANAGEMENT:
PORTFOLIO RISK PARAMETERS (1% - 3%)
SET SL/TP/BE PARAMETERS ACCORDINGLY
ALLOW TRADE TO DEVELOP
IDEA ALERT:
BE AWARE OF PRICE ACTION AGAINST TRADE IDEA
MKT COULD TURN HIGHER FROM CURRENT LEVELS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.