cvfxwealth

cvfxwealth

My previous analysis of EURNZD Sell entry was to wait for a daily bear candlestick formation. We have multiple bear candles below the downwards channel on the weekly. Entry: 1. Sell at retest of weekly downtrend line @ .8920 area. 2. Current price of 0.8863 area Indicators: 1. Pair currently trading in downwards channel acting as resistance. 2. Daily Uptrend...

cvfxwealth

GBPUSD at a strong pivot point historically. Looking at a sell opportunity once we have confirmations. Indicators: 1. Downwards weekly trendline 2. Weekly RSI in strong sell zone 3. Weekly candlestick has closed under Down trendline Entry: 1. Aggressive trade @ current price of 1.3073 with short stop loss. 2. Wait for large bear candle on daily to sell down....

cvfxwealth Updated 

Flag formation on EURAUD, watch for a breakout shortly today into London session. Please see my past ideas on EURAUD, this is a pair I will be buying up for the next few weeks. Indicators: 1. Weekly RSI in buy zone 2. Upwards weekly channel and a strong bounce from bottom of channel 3. Higher highs, higher lows created Entry 1. Bottom of Flag for aggressive...

cvfxwealth Updated 

AUDCAD bounced off top of channel as expected (see past AUDCAD idea linked). This trade profited over 100 pips. Waiting on a break of .9500 area and a close under it. This will confirm more selling to the bottom side. Indicators: 1. Weekly trend is still downwards. 2. Weekly RSI overbought, now in a strong sell zone Entry: Once we have a break of channel, sell...

cvfxwealth Updated 

Hi Friends! See EURUSD Weekly Sell idea linked below: We bounced off at monthly downtrend line and closed under it (profited 100 pips). Indicators: Wait for 1.1700 handle to break and close below (indicate seller power) Entry: Enter at retest of 1.1700 handle as new resistance level TP: 1.1500 area I recommend taking profits in 40-50 pip ranges to lower...

cvfxwealth Updated 

AUDACD has a nice Upward channel formation here for the last month. Indicators: 1. Weekly Stochastic RSI in sell zone 2. Daily Stochastic RSI about ready to be in sell zone. 3. Smaller time frames all in sell zone. Entry: 1. Current price area of 0.9670 2. Top of channel at 0.9700 area TP 1: 0.9600 TP 2: 0.9500 Good luck trading! Charles...

cvfxwealth Updated 

EURUSD has been going against techincals on lower time frames but monthly and weekly still points at a drop. Price currently at a past Resistance and monthly down trend line, which spans from 2008. I will be looking for a sell entry once we have a bearish daily and/or weekly candlestick below the monthly downtrend line. Stay tuned for a large sell opportunity...

cvfxwealth

See my last trades of this pair, been trading it since the bottom of the weekly channel. Since the last update and entry at 1.7250 area, pair is currently up 500 pips with lots more opportunity to go. Indicators: 1. Weekly upward channel holding and pair bounced off bottom of channel. 2. Weekly RSI in buy zone. 3. We are creating higher highs and higher...

cvfxwealth

Have been trading EURAUD buy for the past 2 months. Last entry was at 1.6300 handle and took profits around 1.6500 for 200+ gain. (see prior trade ideas) We are now creating higher highs for the past 2-3 weeks, look to buy upwards to next resistance. Entry @ up trend line at 1.6450 area TP at 1.6700 area Good luck trading! Charles...

cvfxwealth Updated 

See my other EURUSD idea. Pending sell at 1.1800 handle and taken in today during Fed news. Very good trade risk reward ratio. EURUSD has been climbing all last 2 weeks but extremely overbought. Pair has moved too fast and I expect a correction soon from the 1.1800 area. Entry: Currently in at 1.1800 TP: 1. Take profit in 30-50 pip ranges as this pair still has...

cvfxwealth Updated 

See my prior analysis this week and comment on a potential upwards king's crown. Entered at past support area (red line) and pending buy at 1.6300 handle for potential right tip. Trade is up about 100 Pips right now. Target at next Resistance of 1.6560 handle. Will probably exit with profit and reenter on small time frames. Summer months are volatile so it's...

cvfxwealth Updated 

EURAUD setting up a nice King's Crown pattern, expecting a retrace them break out of consolidation range. Entry at right tip (right shoulder) 1.6270 area. TP at next Resistance of 1.6570 Good luck trading! Charles V CVFX Management www.cvfxmanagement.com @cvfxwealth

cvfxwealth

EURUSD has been climbing all last 2 weeks but extremely overbought. Pair has moved too fast and I expect a correction soon from the 1.1800 area. Entry: 1.1800 area TP 1 at past support 1.1420 area Short SL at 1.1850 to 1.1900 Good luck trading! Charles V www.cvfxmanagement.com @cvfxwealth Trading made simple

cvfxwealth Updated 

EURUSD has broken upwards of weekly downwards channel. I expect a retracement before looking at potential buys. Indicators: 1. Daily and Weekly RSI is sell zone. 2. Price currently at strong weekly resistance area (Look left). Entry at current price of 1.1608 or 1.1650 Safer entry: Wait for bearish daily candlestick close under resistance area of 1.1600 TP 1@...

cvfxwealth Updated 

EURAUD is consolidating, as summer months typically consolidate. Bias is still upward buy direction Indicators: Pair is bouncing between a 300 pip range (red lines). Blue lines are trendlines, watch out for bounces off of them. Weekly Stochastic RSI in buy zone Area of support has held consistently Buy Entry: 1. Enter at uptrend line 1.6275-1.6300 area 2....

cvfxwealth

AUDJPY retested Resistance zone and looking for a corrective drop. Indicators: Pair is currently overbought and at a strong Resistance level. Weekly RSI in a strong sell zone Up trend line has broken, retested, and bounced off the back indicating downwards movement. Entry: 1. Current price area 2. Wait for retracement on shorter time frame at 75.80 area TP at...

cvfxwealth

My previous analysis of EURNZD Sell entry was to wait for a daily bear candlestick formation. We now have the green light. Entry: 1. Sell at retest of weekly downtrend line @ .8920 area. 2. Current price of 0.8897 Indicators: 1. Pair currently trading in downwards channel acting as resistance. 2. Daily Uptrend line has been broken with a close under it. 2....

cvfxwealth Updated 

EURUSD still in a downwards channel at a very strong resistance area 1.1400 to 1.1450. Entry: 1. Pending sell at 1.14 with short stop loss above last high, or 2. Confirmation of up trend line break to the bottom with a daily bear candle closed under. Indicators: 1. Currency pair at a strong weekly pivotal point and resistance area. (Look Left Rule: Market has...