EURUSD 19/04/2020

2020년 4월 19일

In daily time frame, the price has rejected from a resistance and been pushed to the downside. If you have followed my analysis last week, you may have a nice entry for short positions and has started to gain profit.

From the COT perspectives (Order Flow perspectives), hedge fund has been closing a lot of short positions and adding some long position since few weeks ago. In this situation, normally the particular currency is becoming strong in the market. But, as I mentioned just now, the price in market seems to be pushed to the downside, and hedge fund has actually opened some short positions in a previous week data. This is because hedge fund is going to accumulate the short positions in order to sell at a higher price, adding long positions in a downtrend market is to create a retracement and enter for a better entry.

In conclusion, we will be monitoring the price action in 4H time frame, because my strategy is "Monthly,Weekly, Daily for direction & 4H for entry."

Do drop a comment at the comment section below! We can share our analysis to each other.
Kindly take note that my analysis is based on COT perspectives and technical analysis .
Also, we always reacting to the market instead of predicting the market.