Rule one of Forex analysis: Look left.
Price is retesting this pivot area that has acted as past support and now resistance. I expect price to drop down to the next level.
Indicators:
1. Strong daily resistance.
2. RSI in sell zone on daily.
3. Bull candlestick exhaustion.
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading...
EURCAD H1 - LONG
We will be waiting for the H4 closure for a clear breakout of resistance area, then look for a pullback onto the broken structure for a LONG position towards the next resistance area @1.54600.
Bearish bat pattern formation if we get a D-completion. We are looking for selling pressure and any sort of bearish price action before taking this opportunity. Note that the bullish momentum has to slow down before taking this trade otherwise, we may be blown away by the bullish momentum charging into our completion zone.
AUDCAD H1 - SHORT
A trading opportunity arises as we approach the market week. Bearish bat pattern formation @0.98150 area where D-completion is made. Look for bearish pressure or selling interest for a move down towards the next support area.
GBPCAD in a triangle formation with a bias to the south side.
Weekly RSI oversold and looking for a correctional move south.
Price hitting top of channel and looking to bounce off of it.
Sell @ top of channel around 1.7470
TP @ 1.7200
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%
EURUSD has broken up trend line and tested the backside of it. We are looking for a 300 pip move to the south towards 1.1947 area.
Expect a retrace north to entry 1 and 2 and look to sell south.
Weekly technicals lining up perfectly for a south correctional move: RSI & broken trend line
Good luck and let me know if I can help in any ways!
Charles V
CVFX...
AUDJPY has been climbing up and also breaking the monthly down trendline. Long term I expect this price to climb up higher but there is an opportunity to capture the retrace here.
Look to enter at next resistance area of 80.60 targeting 78.50 with short stop loss OR
Wait for up trend line break and enter on the backside of it down to 77.50 area.
Once price heads...
1. Weekly/Daily RSI in sell zone.
2. Over extension on AUDUSD, correction incoming.
3. Up trend line broken, waiting for retest
4. Right Tip to be created for a sell entry.
Entry @ 0.7560 - 0.7600
TP 1@ 0.7520
TP 2@ 0.7430
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
Be patient with your trades. Despite this trade not following the king's crown reversal, price tested to bottom of the Demand zone and large support area.
Look to enter near current price range of 1.6140 and take profit at supply zone.
Follow technicals and patience will pay off.
Good luck and let me know if I can help in any way.
Charles V
CVFX...
Trading kept very simple. Forex trading is not easy but it is very simple. Stick to the basic fundamentals and do not overcomplicate yourself.
The chart speaks for itself.
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
EURUSD is retesting the top of the channel and the last high we have hit in 2020.
1:3 Risk to reward ratio = beautiful set up
Technicals are pointing downwards with
1. Strong resistance
2. Supply Zone
3. RSI in sell zone
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
TVC:GOLD - this is plan is similar from before but there is double bottom confirmation from the chart and we wait for the gold retrace to 0.618 like my plan before and prepare to entry in there area. and i have 2 target that is first target and final target, my first target is 1902 and my final is 1.618 or 1915. and the stochastic indicator already hit the...
On the weekly we are still in a strong downtrend with the main down trend line holding in place.
On the daily we have tested resistance area at 143.60 which price has rejected.
Up trend line has broken downwards with backside tested and rejecting price.
Conservative Entries:
Break below 137.00
@140.00 Sell Limit
Aggressive Entry @ current price area of...
GBPCAD looks to be consolidating with price now nearing the top.
We are in a resistance zone with daily RSI about to reverse south.
Wait for a daily bear candle close under the channel then look to sell south to the bottom of the channel.
Short stop loss 50-75 pips with 300 Pips reward.
Good luck and let me know if there are any questions.
Charles V
CVFX...
VIX is in a very strong demand zone so expecting lots of buy limits here waiting for the trigger.
Technical apply to all.
1. Daily RSI in buy zone
2. Price in Demand zone
3. Price has consolidated between red and green line since June. Now we are back at the bottom of the zone.
Entry at current price zone. (Remember risk management and split your max trading...
Price rejected down trend line and we have 2 strong bear candles. Good confirmations of movement to the downside with RSI in strong sell zone.
1. Daily down trend line resistance held and rejected price.
2. Up trend line broken down and backside tested.
3. RSI in sell zone.
4. Strong bear daily candlesticks.
This pair has already net us 80 pips but still lots of...
GBPUSD at the top of a channel and in the demand zone (strong sell zone). Looking for price to reverse towards 1.3000 area.
1. Strong RSI Sell zone
2. Price in Demand Zone
3. Price in current channel finding resistance at 1.3250
Entry @ 1.3250 area
TP @ 1.3000 area
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made...
EURNZD has broken the up trend line on the daily but now at the weekly up trend line. Long term the bias is to the north side as all technicals point north.
Indicators:
1. Weekly RSI in Buy Zone
2. Daily RSI in Buy Zone
3. Price at strong weekly up trend line.
4. NZD currency strength in reversal zone.
Enter at current price area of 1.7300
TP @ green...
