Trading_Vista

Trading_Vista

As the weekly chart shows, this pair has been rejected multiple times at the resistance zone located between 118.80-116.70 region since early 2018. The best entry was a week ago, but I am hoping for a retracement to about 116.80 or higher that will give me a good entry next week. Target can be located at support below in the low 114 region. This could be a +3.2R...

Trading_Vista

Price is grinding higher within a equidistant channel. The preceding move was bullish and I expect a bullish continuation. This expectation lines up with the weak dollar. I expect the current area (the bottom of the channel) around 1.21775 to hold as support and price to move higher. My initial target would be 1.2330 , if achieved this would provide a 5R trade. If...

Trading_Vista

Markets have been quiet as expected during this holiday period, but EURJPY has been consolidating since early Dec. The preceding trend was bullish and in my opinion, the most likely direction the market will break out will be to the up side. I am willing to take a long at the bottom of this corrective structure or upon a break out and retest at the top. If you...

Trading_Vista

So many reasons to take a short, such as Evening Star on the weekly, price within a significant resistance zone, at the top of a descending channel that has been respected several times. I am looking for a retracement since that will be a better entry with an improved R/R. If you like my trade idea, please give it a "thumbs up" and follow me to get immediate...

Trading_Vista

The daily view shows recent movement in a channel after a preceding bullish trend. Normally I would expect a bullish continuation and be prepared to go long at the bottom of the channel. But I noticed that for the past 17 days, the price action is contained in the lower half of the channel. This made me take a close look at a lower time frame. See H1 view...

Trading_Vista

Take a look at the daily chart too. After the massive bear trend, since Sep we have been mostly bullish. As the H4 chart shows, a retracement to 38.2% was completed and I expect the bull trend to resume. The recent high at about 9.61 should be the 1st target, with a review of price action to determine the next possible steps. If you like my analysis, please...

Trading_Vista

This pair was in an uptrend until it got range bound about 2 months ago. These s/r zones that I have marked have shown their relevance several times already and price is being held by the lower one again. Also see the H4 view in my chart below. A long trade here provides an excellent R/R. Please use sound risk and money management in all your trades. If you...

Trading_Vista

Let us start with a look at the weekly chart. Gold has been bullish since mid-2018 while there have been a couple of large retracements including the current one. I have drawn a S/R zone just below the 1800 price (purple color). In my opinion, this is a very significant area. I am treating this as a long/short zone – As long as price remains above it, I am bullish...

Trading_Vista

XAGUSD has been in a $3 range above 26.00 since early August. In this process, it has formed a strong base at $26, a base that has held several times. I am expecting another test this coming week and am looking for bullish PA to follow. As long as the $26 holds on a daily close basis, I remain bullish on this commodity. As always, please use sound money and risk...

Trading_Vista

After a nice bearish move, this pair has been in a descending channel for the past 3 weeks. It has recently made a lower high and I sense that it will break out to the downside in the next week or so, to resume the down trend. I am looking for a lower high to form to take my short entry. There is support coming up between 1.5180 and 1.5230 that I will target. If...

Trading_Vista

I see a repeated pattern of consolidation and impulsive bullish price action in this chart. Also important is that there is no sign of a reversal at this time. I am ready to place a buy at the bottom of the range (at about 11125). A break above the range is another option for trade location. If you like my analysis, please give it a "thumbs up" and follow me to...

Trading_Vista

As you can see the 118.00 area is a major S/R level. The first and second touch were 30 weekly candles apart while the second and third were separated by 31 candles. However the third touch has not quite occurred 99 candles later. It is surely coming soon and I believe we will have a good short set up. I believe the bulls are on their last final push and the 118...

Trading_Vista

Ichimoku is not an indicator, it is a complete trading system that provides entry location, stop and gives some options regarding exit too. I am still learning it but here is a trade idea to short NZFCHF. Price just broke below the cloud (D1), the future cloud is turning bearish too. The Chinkou Span is below price. If you like my analysis, please give this post a...

Trading_Vista

Traders often talk about several candlesticks and candle patterns but "Tweezer Tops" is rarely mentioned. You can look it up or just look at the weekly chart on EU instead. It is a pattern that could mean trend reversal or at least a short term change in direction. A few qualifiers are: - A clear preceding up trend must be present. - The colour of candles does...

Trading_Vista

XAUUSD - Pre-breakout squeeze Usually I am not enthusiastic about buying at all time high levels, but this is a classic pre-breakout squeeze in progress. If you like my trade ideas, please give it a "thumbs up" and follow me to get immediate notification. As always, please use sound money and risk management in all your trades.

Trading_Vista Updated 

There may be an opportunity here to make 500 or even 1,000 pips but a lot of patience would be required. Looking at the weekly chart we can see that the pair has ranged between 1.030 and 0.920 between Feb 2015 and now (July 2020). There is an intermediate S/R level at 0.9715. We are now at the bottom of the range and arrived here with a lot of bearish momentum...

Trading_Vista

Even though the week is not over, I am showing the weekly chart. It is easier to see the relevance of 105.00 area. The daily view seems to indicate indecision in the market. Taking a small position long with a tight stop targeting 106.00 makes sense to me. If price turns around like I expect, a review at 106.00 will be necessary. If you like my analysis, please...

Trading_Vista

Gold has always been attractive to forex traders and the last few weeks were no exception. Silver, on the other hand, usually does not get the attention it deserves. I would suggest that silver come on your watch list now, since gold is at/near all time highs. There is a lot of room to the upside in XAGUSD. I can see a nice setup developing on the H1. If you...