FXCOT has been on the money as it took profits on EURUSD shorts. The performance has been brilliant as prices broke down below 1.13. We put the trade here: EURUSD Breakdown. That pulls the performance upto +11% in March. Feb was +21% and January +16%. These are simply amazing returns but the system has seen even better in 2016 when it made +330% in the whole year.
GBPUSD 1.31 failed: Attention turns to 1.2900
GBPUSD has a huge vacuum to 1.2800.It is way above 200 dma with uncertainity hanging over brexit.
EURUSD Clear break of 1.13
EURUSD break below 1.13 has taken it below 1.12 as well. A close below the lower BB band of 2.5 bollinger is a big negative. Last time it happened was in november 2018. Then prices rallied on the very next day.A second close today below 1.1220 will cement the downtrend to 1.1.
USDJPY slow grind
USDJPY as expected testing the 111.4 levels. A deeper move to 111.22 was seen which is expected of strong supports when broken. The pair is in uptrend and wil test 112 and possibly 115 if no external factors.
FXCOT is doing very well. The profitability has been rising sharply as markets in trending mode.
It is one thing to look at charts and trade but a far more excellent way to trade will be using quant signals based on price action. FXCOT trade copier for clients uses our in-house premium price action BREAKOUT and SCALPING methods to make returns. This year has seen a return of over 50% for clients. It is agnostic and emotionless to which way to markets move.
If you want to be part of our clientele and take our signals, please start your membership by opening a new MT4 account