Trading_Vista

Trading_Vista

Analysis time frame - Daily Long term context - Bullish Significant levels - 0.70870 and 0.72260 Recent price action - in consolidation / corrective phase with a false break to the downside. My bias - Bullish Trade idea - Look (on H4 t/f) for a long entry at/around 0.70870 with target below 0.72260 If you like my analysis, please give it a "thumbs up" and follow...

Trading_Vista

The most significant levels are marked on my weekly chart above. The high of 74.50 was achieved late in 2019 but I don't think we are going to get there this time. The area around 63.50 was reached 2 times in the recent past but it held firm each time. Now we have been there again, the bulls did break above but were quickly defeated creating what we traders call a...

Trading_Vista

Do you have enough evidence that the market does not accept higher prices? Do you still need to wait for chart patterns, candlestick formations etc? This question is worth some serious thought and perhaps some action. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications. As always, please use sound risk and money...

Trading_Vista

Let us first of all look at the weekly view Price has arrived at rock solid multi-year resistance but with some serious momentum. I am thinking of a reversal but there is plenty of room for a profitable trade in either direction. The H4 view still looks bullish. Note that price action is not the cleanest, but it is...

Trading_Vista

The pair is in a downtrend and an opportunity to join is likely to present itself this week (starting 29 Mar, 2021). My chart shows what I am seeing, just pure price action supported by 20 EMA. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.

Trading_Vista

This pair has had quite a decline for the past 6 months as evidenced by my daily chart below. IMO this is likely to change soon. As the H1 chart above shows, we had a few days of consolidation (shaded box) and earlier today it broke out impulsively to the upside. Price has now returned to retest the breakout level (0.8579)...

Trading_Vista

Gold - Whether you look on a lower or higher time frame, you only see consolidation in a descending channel. Wake me up when we close above 1817 :)

Trading_Vista

After consolidating for a few weeks, EURUSD overcame 1.190 quite convincingly late in Nov 2020. But the bullish momentum did not last very long and a month later it slipped into consolidation again. This counter-trend equidistant channel has seen bears having the upper hand for the most part, but now we see that price has formed a higher low on a daily closing...

Trading_Vista

I believe that bitcoin has taken most of the traditional glitter associated with gold. While gaining more and more acceptance and recognition, btc continues to make new highs each week. On the other hand, the consolidation in gold still continues. The shaded area shows the price action in 2021, that started with a strong impulsive bearish move and side ways...

Trading_Vista

The region around 117.660 has been a line in the sand for the last +5 years. Every time price gets to this region, it promptly reverses course. Sometimes, it does break though for a short distance (creating a false break) but very impulsively, it falls right back. Let’s take a look at the recent price action on the daily chart. You can see 12 attempts to break...

Trading_Vista

Unless you are in a short already (in which case you should think about taking profit), Gold is now in a “wait and see” phase for traders. My chart had all kinds of trendlines and channels etc., so I first of all cleaned up all that and started thinking afresh. On the daily chart, as you can see the $1765 region is very significant. It has acted both as resistance...

Trading_Vista

The importance of the area around 0.70225 is evident. It has held this pair several times in the recent past and I am looking to go short. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.

Trading_Vista

Recent price action on this pair has been choppy but grinding higher all the time. As my weekly chart (below) shows, the 1.3750 area has become a barrier that price has been unable to overcome since end Apr 2018. Back to the H4 view, let us examine price action for the last 10 days. We can see a series of higher lows, while...

Trading_Vista

Price has arrived at the 0.6420 region again and as you can see this is an area of interest, especially for swing traders. NZD has been strong and CHF rather weak recently but as we all know that can change any time. Both options are possible, a break above or a reversal. As per my weekly chart I would say the long-term bias should be bearish and this region may...

Trading_Vista

I believe that the retracement we witnessed in the last couple of weeks, is over and this pair is getting ready to resume the uptrend. The significant area around 1.21400 has been active of recent – we even had a false break below it that was quickly reversed. The H12 chart (not shown) gives a better picture of the hesitation within the S/R zone that I have...

Trading_Vista

This pair is approaching a descending trendline from 3 years ago and will likely touch it for a 3rd time. It is also within the S/R zone around 141.930 that has been significant since 2009, having acted both as support and resistance. We can see how it has held price for the last 2 weeks, as it did in Aug 2020. Moving on to...

Trading_Vista

The area around 1.900 has been significant recently, having acted both as support and resistance. Despite several days of trying to make some significant gains, we are still at 1.9035 region. In accordance with the prevailing bearish trend, I am interested to take a short. I will place a pending entry below Thu low with my stop above its high. My initial target...

Trading_Vista

This pair has found it difficult to overcome the resistance zone located between 1.2220 and 1.2140 since March 2020 and it is stalling here again. Since that time, we have a range and I expect price to start moving down again soon, even though GBP is strong ATM. I used the H8 chart (not shown) to locate my entry at 1.21400, if indeed price moves down. I am using...