XAUUSD has been consolidating what now looks to be a flag pattern. All my trading signals have been buys at this main support area, still holding strong. RSI in buy zone Strong Support holding Flag formation holding Look to enter around current price range of 1913 to 1917. TP at top of flag around 1940 to 1950. Good luck! Charles V CVFX Management Trading made Simple
We finally have a lower low and break of the up trend line on AUDCAD. Indicators: 1. Up trend line broken 2. Lower Low created 3. Daily RSI in strong sell Look to sell at the back of this trend line downwards. Take Profit target @ .9509 area Good luck! Charles V CVFX Management Trading made Simple
GBPAUD has bounced off of weekly up trend line (strong support area). See past GBPAUD. Signal up 300 pips. Look to reenter when price nears up trend line. 1.7680 Take profit at top of channel. 1.7820 Good luck! Charles V CVFX Management Trading made Simple
Look to buy at current price area between 1.2785 to 1.2820. GBPUSD long term is a sell but we most likely will retest the resistance area of 1.3000 before a fall. Current price range is a good entry with TP at the top of the channel 1.3000 area. Good luck! Charles V CVFX Management Trading made Simple
We are currently in a consolidation for EURUSD. Long term I am expecting a break below this channel to the downside. Currently technicals are pointing north for one more test before a drop. Look to enter at current price range of 1.1730 to 1.1765 on a 15m chart. Take profit @ 1.1900, short stop loss 20 pips under last low. Good luck! Charles V CVFX...
rade signal on this has reaped about 100 pips. Expect a retrace on EURAUD before we move up to the next level. Reenter at next support areas of 1.6255 and 1.6220. TP @ 1.6355 area Good luck! Charles V CVFX Management Trading made Simple
EURCHF has been in a channel between 1.0740 and 1.00840 and we are back at the bottom of the channel. King's Crown Bull pattern formation. Created a higher high and right tip has been formed. Enter @ current price area of 1.0760. TP @ 1.0840 area. Good luck! Charles V CVFX Management Trading made Simple
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...