Upside Ahead for Mexican Peso - COT Strategy Long

31 ส.ค.DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.

COT Strategy
LONG
Mexican Peso (6M)

My COT strategy has me on alert for long trades in 6M if we get a confirmed bullish change of trend on the Daily timeframe.

COT Commercial Index: Buy Signal

Extreme Positioning: Commercials most long they've been since March 2023 = bullish.

OI Analysis: Down move since May has seen Commercials adding to long positioning, which is bullish. Small Specs are at an extreme in short positioning. Also, OI is at its lowest level since 2022, generally low OI is found at bottoms.

Sentiment: Bearish advisor sentiment is a contrarian signal which we look to fade.

Valuation: Undervalued vs Treasuries & Gold

ADX: Paunch forming (but not yet confirmed).

True Seasonal: General grind up to mid September

COT Small Spec Index: Buy Signal

Supplementary Indicators: Acc/Dist, POIV, %R Buy Signals

Remember, this is not a "Buy Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.

Good luck & good trading.