Dave-FX-Hunter

COT confirms bearishness for EUR. I see more downside coming

Kort
FX:EURUSD   Euro / USA-dollar
Price rebalanced the FVG and inversed the FVG and the Breaker confluence. In the COT we can see that big players were decreasing their long while the price was moving up = profit taking. While they are building their shorts. NFP was used for the final Smart money reversal.
I will be now expecting the price to go down in the 2 phases. Which will be perfect for adding to the shorts. The final target will be in the Daily order block there I want to close all positions.


And we can see a reversed pattern Playing on the USD. Hence I'm bearish.


Always follow these rules

- Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low

“Adapt what is useful, reject what is useless, and add what is specifically your own.”

Dave FX Hunter ⚔

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