Trading_Vista

Trading_Vista Updated 

But do you have the discipline and patience?? This pair has been rising since June 2021 but things may be changing now. As my daily chart shows, price has crossed below the 200 SMA and has just retested it from below. Also important is the fact that it has been rejected with a nice pin bar on a daily basis. It is not the nicest looking downtrend but the sequence...

Trading_Vista Updated 

Slowly building up for a breakout to the upside. If this continues, we should see the bearish candles get smaller, the sequence of higher lows continue and the 20EMA start to hold price above it. Patience is required. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow...

Trading_Vista Updated 

The following describes the recent price action: - bullish trend followed by - consolidation & formation of a double bottom. - price holding above the 50EMA. - an minor break out above the range. - pullback to the range held by the significant support around 0.8500. Since the preceding trend was bullish and price has been forming higher lows and highs, a trend...

Trading_Vista Updated 

The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security's short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day). Nothing is 100% in trading, so you should not blindly trade this indication. Like all forex charts,...

Trading_Vista

Silver has been steadily making its way to the up side since mid Dec 2022. At the top it has been contained around the 24.24 level, while it has been consistently making higher lows. This kind of price action is similar to a spring that is coiling up and it will have a strong release. I expect this coiling PA to continue for a few days still. If this works out as...

Trading_Vista

An important element of studying price action is often ignored, even though it is perhaps the most important one - at least for swing traders. WHO IS IN CONTROL OF THE MARKET AT THIS TIME? After all we all want to trade in the direction where the strength lies. In this example of USDJPY, note how large the recent bullish candles are. This shows momentum lies with...

Trading_Vista

US Oil (WTI crude) has been steadily making its way to the downside since the past 6 months. This has been a clean downtrend, respecting previous structure for the most part and I do not see any reason why this would change. I am looking for a pullback either to the minor level in the 77.60 area or even to the major level in the 82.00 area. If some bearish price...

Trading_Vista Updated 

I have been watching this pair for the past 2 weeks, as it has been grinding lower. Recently it has been consolidating around 0.9820 region. It has now broken below the trendline, it is already below the 200dma and the final hurdle is the strong support zone that I have marked. A break and close below the zone will encourage me to take a short to the next support...

Trading_Vista Updated 

This pair has been bullish for the past 2 months, but for the 3rd time in recent days price has reached 1.8120. The previous 2 times, that area has held firmly as resistance, but this may change. IMO the bulls will succeed this time around although stalling of price in this region for some time cannot be ruled out. I would be patient, wait until price breaks...

Trading_Vista Updated 

Take a look at the 50 EMA and 200 SMA in relation to recent price action. The 50 EMA is now providing dynamic support and price is above the 200 SMA. See also price action and you note that the downtrend ended some time in July, after a short consolidation has been bullish for during the recent past. Now that the uptrend has been established, I am looking for the...

Trading_Vista Updated 

USDJPY - higher time frame context is still bullish. Recently has been falling, but may have formed a base at 139.00 area. After ranging for a while, we had a breakout and may get a retest of 140.770. If this happens, a long would be a risk worth taking. Always use sound money and risk management and stay patient in all your trades. If you like my analysis,...

Trading_Vista

GBPNZD is consolidating in a channel structure. When such PA develops at the bottom of a bearish move, IMO the breakout will be in the same direction as the preceding trend. Traders also know this as the "bear flag". I will be looking to take a short around the 1.9590 region, if we get a move to that area followed by some bearish PA on a lower time frame. ...

Trading_Vista Updated 

This pair has been bullish since March, but more recently the bears have been in control. Price action has broken previous structure and made new lows at 1.1140 and 1.0860. The area around 1.950 that was support is now acting as resistance. This was broken on 01 Nov. and has also been retested. I am hoping that it will be tested again and if we see some bearish...

Trading_Vista Updated 

This pair has been falling like a ton of bricks the whole of last week. I have a feeling this could change now, because: - the area around 7.1800 has been a solid S/R zone for this entire year. - The 200 dma is nearby too and could act as dynamic support. However, I do need to see some evidence of bullish strength before I commit to a trade. For this is I will be...

Trading_Vista Updated 

This pair has been bearish since March, but more recently the bulls have been trying to gain control. The area around 0.7930 has resisted their moves for the past 2 days and IMO evidence of a bearish move in that zone would provide a nice trade opportunity. This may take a while to set up, so I will not be in a hurry, instead will watch price action on lower time...

Trading_Vista Updated 

This pair has been bearish since June, but more recently it has been trying to break above that area. Another attempt is in progress now but in my opinion that will also fail. I am expecting price to turn around and resume the overall bearish trend. I will be looking for some bearish price action in s/r zone on a lower time frame to target the 0.7120 area. If...

Trading_Vista Updated 

This pair has been bearish since June, but more recently it has been trying to break above that area. Another attempt is in progress now but in my opinion that will also fail. I am expecting price to turn around and resume the overall bearish trend. I will be looking for some bearish price action in s/r zone on a lower time frame to target the 0.9490 area. If...

Trading_Vista Updated 

This pair has been bearish since April 2022, for the most part has been respecting previous significant levels (areas). During the previous 2 weeks, price has been consolidating, trying to break below 0.6360 but failing. The NFP report of Fri was good for the US$ and we saw significant bearish strength during the last 2 days as well. I expect the bears to succeed...