Trading_Vista

Trading_Vista Updated 

In my opinion this pair is still strongly bearish. Yes, the candle of Thu made a lot of ground pulling back all of what it lost, but note how small the Fri candle is. The bulls just did not have much momentum, could not follow through - and this was NFP day when spikes and large moves happened on many pairs. Price is below the 200dma, I am ignoring the double...

Trading_Vista Updated 

This is counter-trend, so I recommend half position size. We have been in a strong bullish trend, all JPY crosses have been. Price is above the 200 dma and I usually look only for bullish trades in such situations. But now I am looking to go short. Here are my reasons: - Price stalled at 167.50 for 2 days. - A strong bearish move commenced that lasted 3 days. -...

Trading_Vista Updated 

As the 200dma shows this pair is bearish in the long term. Deep pullbacks and small gains each time seem to be the trend here. Scenario 1 - The 200dma could be touched again and provide resistance. If we see price stalling in this region, that could be a good entry location. Scenario 2 - Right now, price is at another significant level at 0.8380 and arrived...

Trading_Vista Updated 

Take a look at 1.9340 and you see what I am saying. The area around this level has contained price over and over again. The recent attempts by the bulls to close above this level were unsuccessful. Price has been stalling in this region for the past 7 trading days and in my opinion, the bearish trend is ready to resume. I expect to see 1.8910 in the next week or...

Trading_Vista Updated 

This set up is similar to my trade idea on GBPNZD. The level of 1.0330 and the area around has acted initially as support and now is resistance. The overall trend is bearish and I am looking for a continuation. An short entry at resistance or below the low of Friday are both good locations. Stop above the recent high at 1.0403 and the target above the next major...

Trading_Vista Updated 

If you take a look at my post last week, you will see it was spot on. I am not posting the link to that because I am not sure if that is permitted under the House Rules. I am sure you can check that post if you go to my profile :) Now that the small bullish move is done, I believe that the bearish trend is ready to resume. A small pullback to 1.085 would be...

Trading_Vista Updated 

The overall long-term trend on all GBP pairs (except GBPJPY) is to the downside. However, for me, the location of a trade has to meet some criteria and I find those conditions met in the case of GBPCHF. Price is stalling at a significant S/R level, it thus gives me the ability to place a stop that is not too far away (about 50 pips in this case). After 2 strongly...

Trading_Vista Updated 

The recent bullish move met with some solid resistance in the 0.8760 region and formed support at 0.8625. Price was stuck in this range for about 3 weeks, but has now broken convincingly below it (on Fri). Most of the price action is below the 200dma and I believe that the bearish trend is ready to resume. A pullback to 0.8625 would be ideal as it gives us the...

Trading_Vista Updated 

We have a double bottom at support (after a long downtrend) in this pair. Price is stalling and we may get a reversal. However, it is not wise to ignore the established down trend either. After looking at other USD pairs I do get the feeling that the USD is showing some signs of weakness and there may be opportunities to take positions on GBPUSD, USDCAD, USDMEX...

Trading_Vista Updated 

The 1.3150 region has proven to be a solid resistance. Recent price action shows 4 consecutive days that price was held up and I do not expect anything different this week too. A retest of this number will provide a good opportunity for a tight stop loss and the possibility to achieve a profitable 2.8R trade. Target should be located above the 1.300 round...

Trading_Vista Updated 

This pair has been bearish for a whole year now and I don’t see any reason for this to change soon. As the daily chart shows, price broke below a major support (1.0325) and I am looking for a pullback to this area and the bearish PA to resume. If this happens, we can have a nice 2.8R trade down to the next support in the 1.001 area. A word of caution though – we...

Trading_Vista Updated 

Since 01 Feb, this pair has had a nice bullish run. The resistance at 0.6260 and 0.6400 regions have been overcome with ease, the pullbacks have also been mostly shallow and weak. It is my sense that the bulls are still in control here and if we get a pullback to the 0.6400 area, I will be looking to take a long trade. An entry at 0.6400 will give us a...

Trading_Vista Updated 

I have 11 pairs on my watchlist for next week, but I like a short on GBPUSD the most. Price action is very clean, mostly moving between major support and resistance areas. This pair has been bearish for a month now, although it did make a significant pullback last week. Overall it is below the 200dma and my bias is very much bearish. A short entry at 1.3200 will...

Trading_Vista Updated 

The squeeze in price to the downside is clear and I expect price to breakout within the next few hours. Initial target to the nearest swing low but depending on price action this could be adjusted much lower. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.

Trading_Vista

This pair has been knocking on 1.7280 since end Dec 2021. You can see 3 failed attempts to close above that level. However, the recent (4th) attempt recently did succeed and it managed to close above that area and managed to hold its position on Fri this week. The pair now appears to be slightly bullish and, in my opinion, we will see 1.7570 over the coming 2-3...

Trading_Vista Updated 

The 200 DMA is said to be a good guide to a bullish/bearish bias and quite often it acts as a dynamic support/resistance. Not always, but often!! Together with the S/R zone around 1.2530 it held price on 3 occasions in the recent past on this pair. The market appears not to accept higher prices and several daily candles have been held in this zone. If they did...

Trading_Vista Updated 

This pair has been bullish for about a year but in Nov. it found resistance at 115.40. The sellers came in strong and managed to push price down to about 112.70. The bulls came back again and even managed to break above the resistance zone around 115.40. But there was not much momentum behind this move and price fell below the zone creating a new (higher) low at...

Trading_Vista Updated 

This pair has clearly been in a downtrend since late May 2021, hopefully you have caught some of that move. In late Nov 2021 it started consolidating in a channel structure and on 14 Jan, there was another sell signal (marked with an arrow). Now we have another opportunity to join this seemingly strong downtrend. Note how large the last bearish (Friday) candle...