LongFang

Lives and breathes Financial markets...never stop learning...ICT-student

[LongFang @LongFangFX]

@vankulenti Bulgaria? No Sir...Scandinavian 😉

[LongFang @LongFangFX]

I don’t think the USD is done falling, but when it reverses I’ll be looking at short cable.
Commercial hedgers are the most bearish in four years (short 43.000 contracts), and the setup is just like the last two bearish breaks.
Keep an eye on this one

[LongFang @LongFangFX]

@banifacy91 NOT much 😉 havent uses CFTC data on Indicies...stocks Can go up among with rates going up

[LongFang @LongFangFX]

If US 10Y notes break below 137-ish there is room for further losses…commercials also have on their largest short position since 2017…they are betting on rates going up.

[LongFang @LongFangFX]

Commercials (smart money) have accumulated a very big short position in JPY…the last three times this has happened there was money to be made as the new trend unfolded.
Break above 105 in USDJPY could be a gamechanger….The chart shown has an inverted Y-axis.

[LongFang @LongFangFX]

A lot of USD-crosses are gaining traction…due to the extreme short speculative USD-positioning the bigger move is definitely higher in USD…it smells like 2018 😊

JPY is telling the same story…risk off
USD/Scandies also higher

[LongFang @LongFangFX]

I know the trend is down for USD, but looking longer term and taking into consideration the massive EUR/USD long positions…this is a very interesting place to look for signs of a turn-around in USD…USDJPY and NZDUSD are already diverging from DXY. Have a great weekend! 👍

[LongFang @LongFangFX]

DXY made a marginally new low today while EURUSD & CABLE made new highs…however the USD did not make new lows against JPY and NZD…
That’s a divergence right there, and I’d be buying USDJPY against recents lows if I was betting on a correction higher in USD…which is overdue tbh

[LongFang @LongFangFX]

GBPJPY

[LongFang @LongFangFX]

I hope everyone is having a great 2020 so far!

Some observations on GBP
After a massiv short-squeze in GBP/USD, specs are now long the pair and commercials are short again.
Commercials usually win, so right now the pain-trade should be lower Cable from here.

[LongFang @LongFangFX]

When I look at EUR/GBP, we are consolidating after a huge move lower. A break above 0.86 would be very bullish.
When I look at GBP/JPY, sterling would also be in trouble if we close below 141-lvl.
So I’ll be looking for short GBP-trades in the near future. higher prob. trade IMHO

[LongFang @LongFangFX]

@ClarenceB19 Yes 👍

[LongFang @LongFangFX]

The dollar has staged quite a comeback, but if we start to creep back up again, I guess we’re gunning for 1.1180 stops soon.

Have a nice weekend everyone and thanks for your contributions 👍

[LongFang @LongFangFX]

I like NZD/USD here…specs are record short (40k contracts) but the pairs has been basing for two months now and starting to go up.
Lots of room for a short squeeze and goes well with the rotation into cyclicals. Above 63.30 is bullish IMHO

[LongFang @LongFangFX]

And that’s a wrap 🎉

[LongFang @LongFangFX]

Happy friday everyone.
My take on USDJPY short term…Price should reach for 108.50 soon.

Stops have been cleared on the downside lately
Double top @ 108.48 with plenty of stops
Buying wicks below 107
Rates creeping up

[LongFang @LongFangFX]

A lot of smart people I follow still expects global economy to slow further...but I’ll be watching the Chineese data like a Hawk!

[LongFang @LongFangFX]

So I’m quite exited about this...a turn lower in Chineese data will put This thesis on hold...but if the data continues to get better...there are massive FX trades in the making...👀 I just hope I’m wise enough to trade them when I see them

[LongFang @LongFangFX]

The same goes for AUDUSD…AUD should rise as world growth increases and this puts preassure on the USD…