EURUSD - Wedge Formation - Long Setup

Live Trade Journal - Next Week Session


Date: 05/10/2020
Pair: EURUSD
News:
_________________________

Risk Management

Risk Percentage: 1%
Number of Positions: 1
Trade Type: Long
Number Of Confluences: 4

Alerts Active:

Notes:

-
Uptrend wedge formation
-
Price could see highs of 1.09662
-
4 Hour – Golden Zone
-
Price is at a quarter-point

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Note,
This is for educational purposes only...


COT Report:

EURO FX - CHICAGO MERCANTILE EXCHANGE Code-099741
Commitments of Traders - Futures Only, May 05, 2020
-------------------------------------------------------------------------------------------------------------------
: Total : Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- Positions
: Open : Non-Commercial : Commercial : Total :
: Interest : Long : Short : Spreading: Long : Short : Long : Short : Long : Short
-------------------------------------------------------------------------------------------------------------------
: : (CONTRACTS OF EUR 125,000) :
: : :
All : 541,624: 169,272 92,973 6,642 290,624 393,234 466,538 492,849: 75,086 48,775
Old : 541,624: 169,272 92,973 6,642 290,624 393,234 466,538 492,849: 75,086 48,775
Other: 0: 0 0 0 0 0 0 0: 0 0
: : :
: : Changes in Commitments from: April 28, 2020 :
: -3,458: 2,008 5,390 -4,954 -873 -5,945 -3,819 -5,509: 361 2,051
: : :
: : Percent of Open Interest Represented by Each Category of Trader :
All : 100.0: 31.3 17.2 1.2 53.7 72.6 86.1 91.0: 13.9 9.0
Old : 100.0: 31.3 17.2 1.2 53.7 72.6 86.1 91.0: 13.9 9.0
Other: 100.0: 0.0 0.0 0.0 0.0 0.0 0.0 0.0: 0.0 0.0
: : :
:# Traders : Number of Traders in Each Category :
All : 256: 71 51 26 99 75 177 145:
Old : 256: 71 51 26 99 75 177 145:
Other: 0: 0 0 0 0 0 0 0:
:----------------------------------------------------------------------------------------------------
: Percent of Open Interest Held by the Indicated Number of the Largest Traders
: By Gross Position By Net Position
: 4 or Less Traders 8 or Less Traders 4 or Less Traders 8 or Less Traders
: Long: Short Long Short: Long Short Long Short
:----------------------------------------------------------------------------------------------------
All : 18.8 49.2 30.3 61.2 18.4 49.1 29.3 61.1
Old : 18.8 49.2 30.3 61.2 18.4 49.1 29.3 61.1
Other: 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0