Trading_Vista

Trading_Vista

I have marked the significant major levels on my daily chart. As you can see, for the past several days, bitcoin has been consolidating, moving within a wedge like structure. Price has been forming lower highs so the bearish side has to be favored. However, we should also note that there is bottom in the 30,300 area that has been established. In general, I am...

Trading_Vista

As the daily chart shows, the pair has not made a higher high since 10 May. The larger candles have been mostly bearish although the very last candle in this chart indicates that the bulls are not completely out of this contest. Let us move on and take a look at PA on the H4 chart. s3.tradingview.com It confirms what we saw on the daily and also points to an...

Trading_Vista Updated 

Price has been moving within a channel as my H4 chart shows. Both channel extremities have been respected several times already. The higher time frame confirms a bullish trend in place... these reasons and a tight stop give me all the reasons I need to take a long. I will be doing that as soon as the Asian trading session settles down in a couple of hours. If...

Trading_Vista Updated 

The dust (after the FOMC statement) seems to have settled. The gains that the USD made during the week of 14 June, did not get a follow through and in fact, the USD gave back a bit last week. As long as Gold is above 1685, I am still bullish. On the daily I also see a support zone between 1795 and 1760 and we are within this zone for the past few trading days....

Trading_Vista

The pair has been in a bearish trend for over a year but in Mar 2021 it started consolidating in an equidistant channel. The area just below 1.7100 has been an effective resistance several times recently and since 21 June recently as well. I am looking for another (substantial) retracement to this zone and a bearish continuation in line with the major trend. A...

Trading_Vista

I'll make this short as it is good for action now. I just to took a long , reason being a break out and then a retest of S/R at 1.2800. 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

I think it would be fair to say that at the moment, we don’t know. The FOMC declared intentions of hiking rates a couple of times in 2023 and the markets did not like it even though the proposed event in 2 years away. Gold did not like it either and ended the week 5.5% down. What’s next? Let us use price action analysis. As the daily chart shows, we are in an...

Trading_Vista

After establishing a double bottom at 1.92 and then a double top around 1.98, this pair is staring to develop some momentum to the up side. Not the cleanest of charts, but for the most part, the pair is respecting support/resistance areas. I am looking for a pull back to the 1.975 area to take a long. EURNZD also looks similar but the next resistance is closer, so...

Trading_Vista

While Gold had been rising, Platinum has been on a decline recently. It did make a multi-year high on 16 Feb but fell back right away. Recently it has been consolidating within a channel and on Thu last week , it broke out impulsively below it. Friday’s price action was choppy (check out H4 chart) and I see it like a pullback to the channel bottom. I anticipate a...

Trading_Vista Updated 

There is a history of ranging before breaking down in this pair. See how it was ranging between 8.6450 and 8.3800 for several weeks before it broke below. Now we have something similar and despite multiple attempts during the past 6 weeks, this pair has been unable to close above 8.3800. This pair has clearly been on a strong bearish trend since Nov. and I don’t...

Trading_Vista

It was on 19 March 2020 that USDCAD began declining from 1.4668 and now we have arrived at 1.2080. We do have another low down below in the 1.1955 area but for the past 10 days, price is unable to break down. Instead it is consolidating in a 140 pip range. We should also take a look at price action on a lower time frame ( chart below): s3.tradingview.com You...

Trading_Vista Updated 

After forming a base (double bottom) on 30 March, gold began its journey to recover previous highs. Until now it has been stair stepping its way up within an upsloping channel, but now looks ready to break out and accelerate. I am targeting $1950 at first and if price action is supportive, will look for it to achieve the $2,000 mark. A word of caution – This...

Trading_Vista

The previous bullish run ended rather abruptly at the end of Feb 2021 – a series of impulsive bearish days brought the price down by 500 pips (from 0.7455 to 0.6945) in about 3 weeks. Since 26 March, this pair has been grinding higher, making very slow progress even though the DXY has been losing ground steadily. Price has earlier broken below the S/R zone...

Trading_Vista

The urge to take a long is very strong right now. But look at the sustained strength of the bears since March 2020.. I believe we will see 1.200 before this pair turns around. Plenty of room to the upside, so I recommend waiting for a daily close above 1.200 AND a higher high/low sequence to establish before committing to a long position. If you like my analysis...

Trading_Vista

This pair has been mostly bullish since end of March if you look at the big picture. It is not the typical strong move with a few shallow pullbacks. Instead, it makes a move, then pullbacks quite significantly several times forming a base or a launch pad of sorts. Then it makes a strong move before forming a new (higher) base from where it launches again. You can...

Trading_Vista Updated 

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 Updated 

This pair snapped out of the downtrend about 2 months ago and made a nice move up on 23 March. As the daily chart above shows, it lost all momentum over the next couple of days and has been consolidating between 1.667 and 1.6975 since then. The bulls however still are very much in this even though their previous attempts to break out above (during 7-11 April) did...

Trading_Vista Updated 

After forming a low at 0.8470, this pair turned around, made an equal high, fell back down but now is now making another attempt to break above 0.8720. As the daily chart above shows, it is consolidating at the moment. A daily close above this level will be an indication that price may move higher. s3.tradingview.com The H1 view above shows a kind of squeeze...