Considerable amount of long positions taken by hedge funds. Increase in COT longs remain a concern that time is running out for the bulls to do something to break higher. Catalyst for higher prices are:
- Dovish FOMC to send a spike
- Dollar weakness / retracement
The idea here is to watch for a potential bull trap zone marked between 1190 - 1210 levels with stops at 15 points (depending on your risk management) and targets the lower end of the bear flag formation. A break above 1225 will invalidate this move.
uk.investing.com/ana...lords-in-action-4745
- Dovish FOMC to send a spike
- Dollar weakness / retracement
The idea here is to watch for a potential bull trap zone marked between 1190 - 1210 levels with stops at 15 points (depending on your risk management) and targets the lower end of the bear flag formation. A break above 1225 will invalidate this move.
uk.investing.com/ana...lords-in-action-4745