Andy_Garcia_CMT_CFTe

PRO
Message Follow Following Unfollow
About me
Joined
http://bit.ly/2oLyDdA Free Facebook Group where I provide research, analysis and a Weekly Video with Forex Market Commentary
Markets Allocation
84 % forex 7 % commodities 7 % indices 2 % other
Top Mentioned Symbols
FX_IDC:EURUSD 8% | 4 FX:EURUSD 6% | 3 USDJPY 6% | 3 NZDUSD 4% | 2
Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO NZDUSD, D, Short ,
NZDUSD: NZDUSD SHORT OFF OF THE DAILY 200SMA
46 0 7
NZDUSD, D Short
NZDUSD SHORT OFF OF THE DAILY 200SMA

I'm noticing the 200sma on the daily chart providing a level of resistance for the NZDUSD. Watch for short setups as long as price can hold beneath the moving average.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDCHF, W, Long ,
USDCHF: USDCHF BOUNCE OFF OF SYMMETRY
64 0 8
USDCHF, W Long
USDCHF BOUNCE OFF OF SYMMETRY

Watching the swiss franc for a bounce off a symmetrical low that was put in last week. My trigger is an entry after the break of the previous week's high and a stop beneath the low. The expectation is to run up to another fib level in a 61.8% level from a recent down move.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO GBPNZD, D, Long ,
GBPNZD: GBPNZD TREND LINE TEST
51 0 8
GBPNZD, D Long
GBPNZD TREND LINE TEST

Now that the down move has reached the up trend line it appears as if it is time to look for a run back to the upside. The trend line on the daily chart shows support at the moment and if it holds will provide a good reward to risk ratio.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURGBP, D, Short ,
EURGBP: EURGBP FINDING RESISTANCE
121 0 5
EURGBP, D Short
EURGBP FINDING RESISTANCE

EURGBP found enough energy to break out of the triangle but it appears as if a 78.6% level may be putting a slight hold on the upward move. The anticipation is that the fib level will hold and that the move out of the triangle is a fakeout. Look for more downside order flow if price moves back into the triangle.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURAUD, D, Short ,
EURAUD: EURAUD AT TOP OF TREND CHANNEL
136 0 11
EURAUD, D Short
EURAUD AT TOP OF TREND CHANNEL

Looking for some downside here in the EURAUD since it has made its way to the channel upper trend line. The time to consider short trades is at this point with a target of the channel lower trend line.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDJPY, W, Long ,
USDJPY: USDJPY Weekly 200 SMA Setup
231 0 14
USDJPY, W Long
USDJPY Weekly 200 SMA Setup

Here is the Weekly chart of the USDJPY with a nice test of the 200 SMA. Keep an eye on it for more upside as long as price can stay above the moving average

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO NZDJPY, D, Long ,
NZDJPY: NZDJPY Daily 200 SMA Test
48 0 9
NZDJPY, D Long
NZDJPY Daily 200 SMA Test

Here is a setup that I watch where the market is testing the daily chart 200 sma. As long as price can stay above the 200 SMA then the likelihood increases for more upside.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, M, Long ,
EURUSD: EURUSD Is Not Going To Parity
270 3 15
EURUSD, M Long
EURUSD Is Not Going To Parity

Taking a look at the long term cycles you can see that the market took about fifteen years to create the wave from 1985 to 2000. Here we sit at the bottom of the subsequent cycle after that and you have everyone and their mother thinking that the euro 0.09% will go to parity. This has led me to thinking that the sheeple out there are drinking too much of the ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, D, Long ,
EURUSD: EURUSD Head and Shoulders Formation
273 0 17
EURUSD, D Long
EURUSD Head and Shoulders Formation

THE BIG PICTURE: This is the daily chart of EURUSD with the reverse head and shoulders pattern. At the moment of this publishing it is still premature to consider the formation complete. The anticipation is to have the market close above the neckline. If this occurs then it sets up for a higher likelihood that the Euro will start to trade toward the 1.1250 ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, 240, Long ,
EURUSD: EURUSD Fib Channel Violation
604 0 28
EURUSD, 240 Long
EURUSD Fib Channel Violation

After a retracement to a significant fib level the Euro rejected the 61.8% area and subsequently violated the down channel. This sets up for an ideal entry on the higher timeframes if the fib level holds. The plan for me is to wait for a flag to form now that the down channel has been broken. The bullish flag will be the actual trigger I use to enter the trade. ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURGBP, W, Short ,
EURGBP: EURGBP drive toward weekly 200 sma
218 0 19
EURGBP, W Short
EURGBP drive toward weekly 200 sma

THE BIG PICTURE: A look at the weekly chart shows a recent high established just beyond the 50% fib level. Notice reversal bar right at the fib level which shows how strong the sellers were are that point. The latest bars are just a continuation of that flush of selling which transpired at the recent swing high. This opens the door for a move down not only to ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO GBPJPY, W, Long ,
GBPJPY: GBPJPY long term levels
429 0 21
GBPJPY, W Long
GBPJPY long term levels

THE BIG PICTURE: This pair has been trading between an important long term down trend line and also a major 50% fib level. For the time being the bears and bulls are battling it out and creating a triangle formation in the process. There is a chance that this pair could retrace back toward the 61% level before climbing higher. The anticipation is that the fib ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDJPY, W, Long ,
USDJPY: USDJPY Bullish outlook
264 0 15
USDJPY, W Long
USDJPY Bullish outlook

On the weekly chart, notice the 200sma which can act like a magnet. Short term the anticipation is that the yen trades down to the major support levels and finds the buyers. My anticipation is that the 38% fib level may be overshot by just enough to reach the weekly moving average. At that point I would not be surprised if the yen makes a quick move down to the ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO XAUUSD, W, Short ,
XAUUSD: Gold trading around resistance confluence
377 0 19
XAUUSD, W Short
Gold trading around resistance confluence

Keep an eye on the weekly chart in gold as you can see it is approaching a resistance confluence. The weekly 200sma is sitting in between the major fib levels. Anticipate a bearish reversal formation on the lower time frames which sets up for downside targets.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO USDJPY, W, Long ,
USDJPY: USDJPY test of weekly levels
165 0 12
USDJPY, W Long
USDJPY test of weekly levels

This chart shows the weekly timeframe with a 200sma plotted and you can also notice the major swing which has fib levels as well. Notice that the simple moving average is resting between the 38.2% and 50% fib levels. This may act as a magnet which suggests that the yen will surpass the 38% fib level but not fully reach the 50% fib level. At the time when the ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO NZDUSD, W, Short ,
NZDUSD: KIWI long term short opportunity
320 0 15
NZDUSD, W Short
KIWI long term short opportunity

Taking a look at the weekly, notice the 200sma is floating right around the 50% fib level. An interesting level to pay attention to as it has the potential to provide a nice risk to reward ratio.

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO EURUSD, 120, Short ,
EURUSD: EURUSD channel violation
960 5 45
EURUSD, 120 Short
EURUSD channel violation

You can see a minor channel violation which pushed price into the 38% fib level. A retracement back to the back side of the channel was rejected to provide confirmation. The anticipation is a bounce at the 38.2% fib level before making its way back toward the 50% level. It's better to wait for an attempt to rally back up to the recent high before actually ...

Andy_Garcia_CMT_CFTe Andy_Garcia_CMT_CFTe PRO GBPUSD, 120, Short ,
GBPUSD: Cable downside projection
769 0 18
GBPUSD, 120 Short
Cable downside projection

The idea here is that Cable appears to be holding the 50% fib level recently established. This sets up for a move to extend down toward the 1.22 zone. The trade is still valid as long as there is no violation of the 1.27 level. This provides a wide enough stop so that the projected level can be reached. The probability of the target being reached increases ...

123 Show More Ideas
Last visit
12046
3479
106320
Message Follow Following Unfollow
Last visit
4
0
20
Message Follow Following Unfollow
Last visit
0
0
0
Message Follow Following Unfollow
Last visit Brasile
9
0
41
Message Follow Following Unfollow
Last visit
204
107
3748
Message Follow Following Unfollow
Last visit Bangladesh
149
147
3066
Message Follow Following Unfollow
Last visit
4
0
20
Message Follow Following Unfollow
Last visit iran
142
132
1482
Message Follow Following Unfollow
Last visit Maldives
3433
317
25791
Message Follow Following Unfollow
Last visit
1
0
5
Message Follow Following Unfollow
Last visit
3
0
15
Message Follow Following Unfollow
Last visit
3
0
15
Message Follow Following Unfollow
Last visit
34
29
543
Message Follow Following Unfollow
Last visit India
919
218
4110
Message Follow Following Unfollow
Last visit
10
0
45
Message Follow Following Unfollow
Last visit California, USA
9
0
47
Message Follow Following Unfollow
Last visit United States
120
100
1654
Message Follow Following Unfollow
Last visit
2583
349
11572
Message Follow Following Unfollow
Last visit
8
0
33
Message Follow Following Unfollow
Online
12
0
62
Message Follow Following Unfollow
User follows nobody
User has no following symbols
Market
Interval
Browse
Time
Type
Browse
Time
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out