AUDUSD at a pivotable point. AUD news coming out in less than an hour. Watch for a break under this wedge and trend line. If we get a break and close under, expect price to start falling towards 0.6800 area. Patience is key, wait for the right confirmations before entering. Good luck trading! Let me know how I can help. Charles...
GBPJPY has broken the main up trend line on the daily and weekly. Expect a retrace north (possible short buy trading 300 pips) then look to sell at back of trend line. Remember "look left". Past support becomes future resistance. Past resistance becomes future support. This trend line that is now broken now becomes future resistance and price typically will go...
GBPAUD bounced off weekly up trend line as expected. Trade signal profited 300 pips. Look to reenter at up trend line on 4hr time frame. Expecting this trade to go up to 1.8050 area. (Still 300 pip opportunity) Good luck! Charles V CVFX Management Trading made Simple
GBPAUD at a major support area: Up Weekly trend line Wait for a bull weekly close before looking at entering. Once we have that, we'll look at entering to target 1.8050 area (400 pip opportunity). Patience is your friend on this pair. Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com Trading made Simple
EURUSD dropped down to past support after US Fed announced they will plan to keep rates near 0 for a few years. Technicals still point upwards but wait for the following confirmations before entering. Buy Signal: Wait for a daily close above support with a strong bull candlestick. Sell Signal: If we have a break and close under 1.1700 we'll look to sell. Be...
EURAUD is now officially in consolidation. I expected price to break last resistance but we are now consolidating instead. If the market chooses a path, follow and don't resist. Overall still expecting AUD weakness. Per the RBA Minutes: The Board has noted that a lower AUD would provide more assistance to economic recovery. Policies will follow to drive...
It's been a while since I've published anything, so here we go! At the last week's close, price seemed to reverse upwards, so I need to find where it's going to end up. I identified a downward trendline, and it crosses near the level that's associated with a prior consolidation period, so most would say that there's some sort of confluence going on here. We now...
See past XAUUSD idea. Trade signal buy entry @ 1.1913 and exit at down trend line of 1.1960. I'd advise waiting to see how price reacts today and tomorrow before reentering. Buy signal: Break of triangle upwards and candle stick close above If we have a retrace, I will reenter @ bottom of triangle. Good luck trading! Let me know how I can help. Charles...
USD Jobless Claims came out under expectation, big blow to US. This matches up with technicals perfectly. This is the big picture for EURUSD, we are still in an upwards channel with RSI in buy zone and higher highs. Enter at current price area of 1.1825 Look to target top channel area. Trading may seem complex but it's fairly simple when you look at the...
One of my favorite trades I have been trading since July. This upward channel is holding very well and all indicators matching up. Indicators: 1. RSI in buy zone on daily and 4hr 2. At past support area (Bottom of channel) I have taken a buy at current price area of 1.0764. TP @ 1.0830 area Good luck trading! Let me know how I can help or comment any...
EURAUD was consolidating in this triangle pattern the past 2-3 days. We now have a break above and a retest of the triangle. (Past Resistance becomes future Support). I am looking to buy at current price of 1.6268. TP target @ 1.6400 area at green line. (possible upwards channel) Good luck trading! Let me know if I can help in any way! Charles...
NZDCAD in King's Crown Formation on daily AND 4hr chart. This has been slow moving but worth the patience. Indicators: 1. RSI in strong sell zone in Daily and 4hr timeframe. 2. Right Tip formed both on Daily and 4hrs 3. Bearish candlestick close on daily and 4hr below right tip. Entry: Look to enter at current price area of 0.8780. TP @ 0.8587 area Good luck...
See past EURUSD Ideas: trading upwards channel. Remember that lines (support/resistance/trendlines) are all areas where price pivots on and never exact. This channel still holds as we have not yet created lower lows. Look to buy at current price area of 1.1765 with stop loss below 1.1705 (break and close below this would validate downwards movement) Good luck...
See past XAUUSD idea. We are now in a larger triangle but first triangle breakout predicted fairly accurate. We saw a breakout of the first triangle at the pink X then price retraced to retest backside of triangle and support line. Price bounced off of support at 1913 and now at 1930. Look to take profit at top of outer triangle then reenter once we have a...
Quick update on my EURAUD trade. We had a perfect bounce at predicted at bottom of up trend line @ 1.6199. I will be looking to take profits at the green area, top of channel. Trades currently up 150 pips. Good luck! Charles V www.cvfxmanagement.com Trading made simple.
Price has retraced below the buy zone (past support) but now at up trend line. Will be adding to position at this level and taking profit at 1.6350-1.6400 area. Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com Trading made simple.
Closed out of EURAUD buys at 5% account growth. Looking for 1 more push up to 1.6400-1.6500 area. Look to enter at past support around 1.6300 and green buy zone. TP at 1.6420 area. Good luck trading! Let me know if I can help in any way! Charles V ww.cvfxmanagement.com Trading made simple.
My bias is still a sell in AUDCAD, see past ideas. 1. We have broken strong up trend line 2. We have had price retest the backside and bounce down strongly. Watch for a break below the wedge then look to sell at break or backside of bottom wedge pattern. TP @ 0.9437 area Good luck trading! Let me know if I can help in any way! Charles...