DavidVillagra

DavidVillagra

Taking a look at the intraday price action on AUDJPY we have seen a potential Sell trading opportunity present itself. As you can see from the 1 Hour chart, we have a liquidity gap drive lower on the 21st September 2020 around the 76.32 level marked with an orange arrow. This level could have additional order flow resting here as the sellers who originally drove...

DavidVillagra

Taking a look at the Australian 200 Index, we have seen a good potential short term trading opportunity for a Sell. As you can see from the 15 Minute chart we were watching to see what price did if it reached the 6000.0 level as this could potentially show a rejection here because its a psychological level in general. This alone is not going to present a high...

DavidVillagra

Liquidity gaps (price spikes) occur on the charts all the time and it doesn't matter what time frame you're looking at as you will find them everywhere. Now, not all liquidity gaps fill but depending on the market environment you're in, you can use these liquidity gaps to your favour to help discern where the market could go next sometimes with higher...

DavidVillagra Updated 

We are updating the bullish trade idea we posted on GBPJPY on the 9th September 2020, price came right to this level and started to bounce higher. As we mentioned in the original post, if price dropped to this level we wanted to go down to our lower time frames and look for additional confirmation for a bullish trading opportunity which occurred nicely. As you...

DavidVillagra Updated 

Taking a look at the Daily chart on GBPJPY we have seen a potential level that could generate a bullish trading opportunity. As you can see from chart, we have what looks like a possible stronger level of horizontal support around the 135.74 mark. This level has seen multiple registered hits on the line both using this level as previous support and resistance in...

DavidVillagra Updated 

Taking a look at the price action on GBPUSD we can see a potential level of support set up for a possible move higher at around the 1.3200 big figure. As you can see from the 1 Hour chart, we have a possible convergence of factors that could increase the probability for a move higher. The 1.3200 level being a big figure level in general is psychological level...

DavidVillagra

EURUSD overnight set the stage for a high probability sell on the higher time frames. Although EURUSD has been in a uptrend of late we had a few factors that led us to believe we could see EURUSD move lower. These factors include the following. 1. We were looking at the 1.2000 big figure level for a while as this level in general could be a strong psychological...

DavidVillagra

Taking a look at the price action on EURJPY currently, we have seen a potential selling opportunity setup. Why we like this setup is because it holds a few factors that all converge together. As traders the higher the amount of information we have to help make an informed decision the better. As you can see from the 15 Minute chart, we firstly have price move...

DavidVillagra Updated 

Taking a look at the 1 Hour chart on Gold, it has gone through a sharp drop since breaking its record highs above the $2000 level. Currently now the price in Gold has pulled back higher from its sharp recent fall and is trading in an ascending channel. This Channel has completed a potential larger 3 drive bearish pattern in the process. Why we like this pattern...

DavidVillagra

With the market watching out for Gold to hit the $2000 level, once this occurred and broke higher you have to always be cautious and take a step back before jumping into any longer term trend continuation plays. When new record highs or lows get established in any market that is highly liquid, its good to keep your options open and try and look at the market with...

DavidVillagra Updated 

GBPUSD started its selloff on Fridays session as USD strength hit the market on better then expected Non-Farm payroll data. On today's market open, being Monday the liquidity is usually thinner so we have seen price retrace a little higher which could possibly set up a better entry for a potential continuation move lower on GBPUSD. On the 15 Minute chart, we...

DavidVillagra Updated 

AUDUSD has been in decent uptrend of late and what we have now is a small bullish pattern continuation setup in the form of a bullish 3 drive pattern. If USD weakness remains we could see the higher inner trend line break to the upside which can help confirm the patterns strength for some short term gains. If the trend line does break we could take a momentum...

DavidVillagra

Gold on the higher time frames has been in an ascending channel after its parabolic rise of late. Many traders are hoping for it to get the the $2000 mark which can make for exciting times for the yellow metal but as traders we shouldn't get caught up in the emotion of this occurrence. It's easy to jump into a move too early especially when we have a bias for any...

DavidVillagra

AUDUSD has been in a decent uptrend of late, so how we as traders can help increase our probability of not only finding a way to enter this kind of market environment but also trading in line with the current trend direction is by waiting for potential bullish signals to form. If these bullish patterns (in the case of an uptrend) occur after a pullback in price,...

DavidVillagra

Taking a look at the Intraday price action on Gold in the Asian Session, we have seen Gold pull back strongly on the back of USD strength. This pullback has now formed a bullish double bottom pattern which could open the door for a potential buying opportunity. What we would like to see is that the double bottom holds and that price can manage to break above the...

DavidVillagra

We have been posting potential bullish trading signals on Gold and the ways in which to enter this trending market of late, as the probability for these has been very high. Now, the market doesn't trend in a straight line, so when we saw the price in Gold make its way to the $1900.00 level we looked to see if we could get any confirmation selling signals for a...

DavidVillagra

We recently posted about Gold and how to execute with better entries off of using price structure and patterns. The last comment we made is that we would be keeping a close look at Gold for any pullbacks that could show good price structure for potential buying signals inline with the current underlying bullish trend. We have zoomed into the 15 Minute chart to...

DavidVillagra

It has been said ever since people were allowed to trade to "trade with the trend" and "the trend is your friend". Although there is logic to this the market unfortunately doesn't always trend and in fact spends most of its time in ranges and channels. The market environment changes all the time and it's why so many traders struggle with their trading because...