Trading_Vista

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...

Trading_Vista Updated 

The vital support at 1915 was broken by the bears a few days ago, but the bulls took over and stopped further gains. Price is back at that area again. The daily candle of 24 Aug can best be described as “indecisive”. The overall flow I the market is to the downside and my bias is in line with this. If we get bearish indication as I expect that we will, Entry...

Trading_Vista Updated 

2023 has been a good trending year for this pair. For the most part, pullbacks have not been deep. Looking at the H4 chart, it appears that we may have formed a base structure, but more importantly a pullback may be ending. IMO the uptrend will soon resume and I want to be onboard if that happens. My trade parameters are indicated on the chart. If my analysis...

Trading_Vista Updated 

After 8 trading days of bullish PA, IMO a pullback is due. If this market does pullback to the 144.80 region, I would be interested in taking a long. Seeing some bullish evidence on a lower time frame would be essential. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content,...

Trading_Vista

Anyone looking at the daily chart would agree that the overall flow in this market is bearish. I am waiting for the current counter-trend move to get exhausted and evidence that the bearish move has commenced. Two possible locations of such reversal are the zone I have marked or the major s/r area around 0.900. I will be monitoring price action on H4 and H1 time...

Trading_Vista Updated 

This pair has had 3 consecutive weeks of losses and in my opinion, this trend will continue during the upcoming week. Looking at recent PA, the bulls have tried to recover some ground, but these have been mostly weak moves that were quickly reversed by the bears. A similar pullback and further bearish evidence will provide another opportunity to go short. If my...

Trading_Vista

The overall flow in this market has been bearish, even though recently price was moving sideways. After some serious bearish action on Friday, I expect the bears to follow through with more. A retracement to the 0.9640 area would be nice and that is where I will be monitoring for some bearish evidence. The first target is quite obviously in the 0.9530 region. If...

Trading_Vista Updated 

This pair has been neutral recently, it does make bullish moves but retraces all or most of that move. The last daily candle however was quite strong and, in my opinion, we may see a significant bullish continuation next week. Chasing price is not in my trading plan, I prefer to wait for a pull back. If price continues without one, I am happy to let it go. Two...

Trading_Vista

Each week, we traders analyze a few currency pairs for possible trading opportunities. I want to draw your attention to also look at the entire group of corelating pairs i.e., all USD, all Euro, all JPY pairs and so on. To illustrate this, let us take a look at some JPY pairs. The following are some advantages of doing this type of analysis: 1) If you are...

Trading_Vista Updated 

Yes, I do think it was an overreaction. Looking at recent price action we can see how bullish the pair was. This was a solid long trade that got halted at 140.00. After a few days of consolidation, price broke out and a climb to 144.00 was easy. Consolidation followed again and my expectation was that we would soon get to 148.00 (see my posts of 17 June and 01...

Trading_Vista

On the weekly: a triple bottom (including a false break). On the daily: Neutral to bullish. The last 3 weeks we have seen a gradual move up and price has been above the 200dma. On the H4: Looks bullish. A nice strong move up followed by a range formation. The false break below confirms my bullish bias. If, however, we get a close below 1.4470 that would negate my...

Trading_Vista

Current market state - Ranging Preceding move - Strongly bullish My bias - bullish Trade location 1 - After a break out and retest Trade location 2 - At the bottom of the range if bullish PA is seen. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs...

Trading_Vista

As I anticipated in my post of 17Jun, this pair is likely to get to the 150’s. From the mid 141’s we are now in the 144’s and I do not see any reason why the trend will change any time soon. The trend is quite clean, the wicks are quite small and pullbacks are not deep either. Bearing in mind that the trend can become more volatile at any time, I remain with my...

Trading_Vista

The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner. In the USDTHB chart here,...

Trading_Vista

On the daily chart this pair is still bullish but we do have a lower high. As the H4 chart shows we seem to have formed a double top. Look at the recent PA within the equidistant channel and note how each bullish move is immediately followed by a bearish move of similar strength. IMO, the bulls are running out of steam. It is likely that the battle between the...