cvfxwealth

cvfxwealth Updated 

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...

cvfxwealth Updated 

Gold is looking very good right now for a buy. Down trend line on the daily has been broken upwards with a strong bull candle. Look to enter on the retrace at backside of trendline to buy this upwards to next resistance area. Entry @ 1900.00 area TP @ 1960.00 SL @ 1880.00 (this would mean price is back under trend line and created a low under the up trend...

cvfxwealth Updated 

Good short trade for buys. EURAUD has been dropping despite being oversold with no strong retrace on the larger time frame yet. I am trading this one buys only but short profit ranges. Look to enter at current price of 1.5880 TP @ 1.5950-1.6000 Short SL under last low of 1.5830 Always remember risk management and splitting up your lot sizes to maximize profit...

cvfxwealth Updated 

Welcome back friends! 2020 was an unfortunate year but a great year in Forex. No matter the economic issues going on world-wide there are always opportunities in Forex, this is why I love the market. Trade 1 to start off 2020: GBPCAD is in a wedge triangle formation pattern. I am definitely expecting a breakout but time will tell as we have technicals that...

cvfxwealth

Friends, I have been trading for over 5 years and started to branch out early 2020 to help others. Being able to significantly help others learn in Forex and make money in Forex has been a blessing. What I've learned all these years I wanted to share it with others who have struggled in the beginning as I have. I have fell in every hole, taken every wrong path,...

cvfxwealth

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

cvfxwealth

EURAUD has broken resistance on the 4hr time frame @ 1.6150 and now retesting area. Remember: Past resistance becomes future support. Past support becomes future resistance. Entry current price area of 1.6150. TP @ 1.6500 Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading made Simple

cvfxwealth

EURNZD has paid off after much patience. Closed EURNZD pairs at 9% profit gain. Again, we are still targeting 1.7400 and 1.7500 range. Expecting a retrace back to retest broken downtrend line (support) then the next wave up towards 1.7400 to 1.7500 Entry TP and SL on chart. Good luck and let me know if I can help in any ways! Charles V CVFX Management Trading...

cvfxwealth

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...

cvfxwealth

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

cvfxwealth

GBPJPY in a triangle formation on the daily and we are expecting a breakout soon. With Brexit I expect GBP weakness long-term so my bias is on the downside. In addition the trend is still downwards on the larger timeframe (weekly). Look to enter at current price of 139.40 and at the top of the channel. Stop Loss 30 pips above channel. Take Profit at bottom of...

cvfxwealth

Patience is crucial in the Forex market. We now have a strong break of the down trend line with multiple bull candlesticks confirming upside movement. Expecting price to retrace down a bit after hitting 1.7350-1.7400 area then will be buying price up to 1.7500 area. Conservative Entry @ 1.17100 TP @ 1.7500 Good luck and let me know if I can help in any...

cvfxwealth

Price has broken past resistance now acting as new support. With the large extension last week of price towards 1.2150 area I expect a retrace wave. Expect a pullback towards 1.2000. From there we can reevaluate to see if price can possibly extend further towards 1.2200 - 1.2300 or reenter consolidation zone under 1.2000 Good luck and let me know if I can help...

cvfxwealth Updated 

Quick EURNZD update: This pair has been stubborn against technicals but technicals will always come out. We have a broken down trend line on the daily and looking for price to break 1.7100 area. Once we have a break of this level I expect price to climb towards 1.7500-1.7600 area. Good luck and let me know if I can help in any way. Charles V CVFX...

cvfxwealth Updated 

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

cvfxwealth Updated 

Forex Rule: Look left. We have hit our 2 take profit areas from the past XAUUSD sell trade idea. Price is currently at a past support so I am expecting a retrace up. RSI is signaling a retrace before we know what will happen next. Short term buy is the bias. Entry @ current price area of 1771 TP @ 1833 area. Good luck and let me know if I can help in any...

cvfxwealth Updated 

GBPUSD is in an upwards channel with resistance holding. This area has held and price has been rejected with a strong bear candle. Look to sell downwards to the bottom of the channel. Entry & exits in chart. Good luck and let me know if I can help in any way. Charles V CVFX Management Trading made Simple

cvfxwealth Updated 

Price has hit Demand Zone, look for a reversal upwards back into the supply zone. 1. Demand Zone 2. Strong Support area for months 3. Channel between supply and demand has been holding. 4. RSI in buy zone. Good luck and let me know if I can help in any way. Charles V CVFX Management Trading made Simple