Trading_Vista

Trading_Vista

As you can see on my D1 chart, this pair was in a bearish trend until 05 June but then it starting retracing. The recent 2 days we have seen a doji followed by what could be a shooting star. These indecision candles are printing at the 50% retracement level that is also a significant s/r area around 1.08740. All these provide confluence to this bearish setup. We...

Trading_Vista

It's been 7 trading days already and the gap created on 10 June remains unfilled. It's not often that we see such PA in the forex market. After trying to 'runaway' I think that this market is now inching towards filling the gap. If/when that happens I will be looking for a bearish continuation. This is not a trade recommendation. Trading carries a high level of...

Trading_Vista Updated 

When all this happens on a daily chart, I am always interested. My chart is self-explanatory but I will just add that I am looking for a pull-back. That could happen at the round number 0.9000 or perhaps higher up around the 0.50 or 0.618 retracement area of the most recent down move. Initial target can be around 0.8900 or 0.8700. Recently, forex pairs have been...

Trading_Vista Updated 

Often times, the 200dma is a great dynamic support and resistance. See how effective it has been for the past 6 weeks as resistance as multiple attempts were made by the bulls. The up trendline was broken recently and last week it was re-tested from below. The round number 80.00 and the fact that long-term we are in a downtrend are all factors of confluence. There...

Trading_Vista Updated 

Range trading is as valid as any other, but not many traders play a range. If you are inclined to, you might want to consider this one. At least 2 touches on both sides are required to form a range and we do have that. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in...

Trading_Vista Updated 

Ichimoku Kinko Hyo is a complete trading system and I will be using it a lot more than I have been. Here are my reasons for continuing to be bullish on this pair: Tenkan sen (Conversion Line) thick blue crossed over Kijun sen (Base line) red line. Price – holding above the Kumo cloud Chikou Span (Lagging Span) black line is holding above price and the...

Trading_Vista

The recent bullish move by this pair has been restricted by the resistance zone around 0.54750. However, this zone was overcome about 2 weeks ago. After breaking through with momentum, price is now pulling back and I think it will find support at the same zone aided by the 50EMA. Let’s see how this plays out. This is not a trade recommendation. Trading carries...

Trading_Vista Updated 

The uptrend of this pair has been broken as evidenced by the double top and then, price crossing below the uptrend line. Now we can see a nice structure forming as the pair makes its way to the downside. My arrowed line indicates what I would like to see happen, but it is rare to see an ideal formation. I will be watching this pair next week for further...

Trading_Vista Updated 

Price is at a level last seen in July 2008. At that time as well, price had made several attempts to go higher and failed (thus printing multiple tops). Once again, we can see several tops. A decline of 55,400 points (about 33%) happened in 2008, I can only wonder what we will see on this occasion. I see a supply zone (yellow rectangle) and expect this pair to...

Trading_Vista

My chart is self-explanatory. I will be taking a trade as soon as market stabilizes on Monday, perhaps you will give this some thought too. Being prepared for the unexpected is always good in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even...

Trading_Vista Updated 

After reaching a demand zone, this pair has hammered a base today (see the Daily chart). We should get a small retrace (better price + smaller stop) and then move up to the trendline in the 1.38 region. Being prepared for the unexpected is always good in trading, so please use sound money and risk management and stay patient in all your trades. If you like my...

Trading_Vista

Keep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear. You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance. Being prepared for the unexpected is a good idea in...

Trading_Vista

The last 4 months have seen a resurgent btc and I don't see a change coming to that sentiment any time soon. My chart depicts what I expect to happen in the short/medium term. Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a...

Trading_Vista Updated 

Daily chart Current trend is bullish, just broke above the 0.870 significant level. H4 chart A pullback to 0.870 region is in progress. IMO a bullish continuation to the next significant resistance 0.885 area is likely. Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades....

Trading_Vista Updated 

These lines I drew make a pretty picture for sure 😊. But the big question is am I reading the price action correctly and are my expectations reasonable? We will find that out soon. My daily chart shows clearly how I read the movement in this pair so far and what I expect next. However, here are a few main points: Triple top followed by a series of lower...

Trading_Vista

Price arrived at 1.9000 with a strong bearish daily candle. Because of this momentum, we should look for a continuation but this region is a strong support as well as a round number. The 1st thing that usually happens before a reversal is an indecision candle (small body with large wicks) appears. At this moment I have no real reason to believe that the uptrend...

Trading_Vista Updated 

My daily chart depicts how I read the movement in this pair so far and what I expect will happen next. My bias continues to be bullish and the only question in my mind is if the current retracement will reach the support I have marked, or will the turn around take place earlier. I will be monitoring as best as I can what happens next. If the bullish trend resumes...

Trading_Vista

The line in the sand seems to be in the 0.65218 region. The aussie has stayed below it and failed to close above it for the last 17 trading days. This pair is below the 200 dma, the USDX is firmly bullish, I really don’t seem to have a choice but be bearish on AUDUSD – at least for the short to medium term. Can the bulls try to make another short run to the...