Trading_Vista

Trading_Vista

Weekly – bearish. Daily – bearish after a break of structure (BOS). Price below 200sma. H4 – bearish (visible sequence of lower highs and lower lows). Price has broken below a significant support/resistance area that has been tested multiple times. This break below also occurred with momentum as you can see from the large red candle. I expect a pullback to the...

Trading_Vista

As per my analysis, we are seeing a weak USD across all major and minor currency pairs on the weekly and daily time frames. Which pair to trade will probably become clearer on Mon, but for now I am looking at USDCAD. Yes, that huge spike up gap is confusing, but that gap was quickly filled. If I just ignore that gap, the picture becomes clearer; now I find that...

Trading_Vista

As my chart shows, price has been climbing steadily and comfortably, very ably supported by the 20ema and 50ema. The recent 4 weeks however have seen sideways price action as price bounced in a (wide) 590 pip range (see the pink box). Earlier today (Fri) price tried to overcome the ATH at 2942.59 but seems to have encountered some serious profit taking and fell...

Trading_Vista

Weekly - bullish Daily - bullish H4/H1 - waiting for a pullback and then some evidence of a bullish continuation. The area marked has been used a few times in the past. Also note that the 20ema will provide confluence to my bullish bias. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you...

Trading_Vista Updated 

Weekly chart - bullish Daily chart - Price above the 200 dma and 50 ema. Was consolidating, now bullish but should head higher after a small pullback. H4 chart - note a support zone that price seems to be pulling back to, 20 ema also nearby to provide dynamic support. I will be looking for some bullish chart pattern or candle stick at/near the support area to...

Trading_Vista

NZDCAD formed an evening star pattern. The name is not important but the price action (bullish trend followed by indecision and then by a strong bearish move) could be. Time will tell. Switch to your daily chart and note that all this is happening at a significant s/r level. This is not a trade recommendation, merely my own analysis. Trading carries a high level...

Trading_Vista

Weekly – Bullish, although it has been consolidating for the past 3 weeks. Daily – same as weekly. Please note that the bears have been unable to push price lower. Price is well above the 200dma. The area around 156.20 was has been tested multiple times and provides solid support (was resistance earlier). H4 – In line with the weekly and daily charts. A pullback...

Trading_Vista

Since late Sep, this pair has been moving strongly to the up side. Most of the retracements have been weak and shallow. But for the past 10 days, we have been witnessing a more persistent consolidation. Let us study the chart on the H4 time frame too: Note that there was 1 single H4 strongly bullish candle and since then more than 45 candles have been unable to...

Trading_Vista

Take a look at the daily chart - the flat top and an upward sloping trendline. You would agree that for the past 4 months, a slow squeeze to the upside has been happening. Price is now also above the 200dma and this gives me a bullish bias. Ideally, price being contained in the upper part of the triangle would be another factor of confluence. Another one or two...

Trading_Vista Updated 

Price is above the 200dma Looking for a small pullback to support and then continuation to the next resistance. Also check out the H4 chart Nicely supported by 20sma in this bullish trend. This is not a trade recommendation, merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with...

Trading_Vista Updated 

I had the same idea last week, but the bullish move continued. My trade therefore did not trigger and I abandoned the idea. Price is now being held below the 200dma. Exercising the same caution due to low liquidity holiday period, I an looking for a short on the following basis: Risk - 50% of your normal. Entry - below the low of Fri candle (& below the resistance...

Trading_Vista Updated 

This is the holiday period with low liquidity, so more caution is essential. I am also being more cautious with an entry, here is what I propose: Risk - 50% of your normal. Entry - below the low of Fri candle (& below the resistance at 163.00). Stop - above the recent high. Target - above the next support at 155.80 If the stop gets hit before I get an entry, I...

Trading_Vista

You could say that my argument is far fetched (and I would not argue that), but hear me out please!! Weekly chart Note that the green zone has held as support for the most part. The 20sma is quite far above price, will price revert to the mean? This pair has tried to break below the zone for several weeks recently, but failed. Daily chart (above) We can see...

Trading_Vista Updated 

Weekly – Strongly bullish Daily – Indecision for 2 days but Fri candle was bullish. Price above 200dma. H4 – Well established bullish trend, price holding above 20sma. Price has moved away from the 20sma and a small retracement would provide better value for taking a long trade. A retracement to the 50-61.8% retracement would be ideal, could even go lower. I...

Trading_Vista Updated 

After being in bullish territory (above the 200dma) for over 6 months, this pair has broken below and on Fri, it retested (bounced off) the moving average. That is my reason #1 for a bearish bias. #2 – The area around 1.2750 is a significant s/r & price has met with resistance here. #3 – The bullish move we saw over the last 2 weeks was a retracement of the down...

Trading_Vista

My favorite 200dma stands on guard as I attempt to short this down to the next support. This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or...

Trading_Vista

A break of structure on the daily chart is a pretty big deal and we see that the kiwi has done that breaking to the upside. After being bearish for the past 2 months, NZDUSD is now bullish. Looking for an entry on the H4 chart, I like to take a fib of the last bullish move and have marked a zone (green) between the 50-61.8% retracement. If I see evidence of...

Trading_Vista

Two touches on either side constitutes a range and we see that in GBPCAD. The preceding move was bullish, but we have been in a range since late Sep. Price has been comfortably above the 200dma and this gives me a bullish bias. Current price at the bottom of the range is where a long trade makes most sense. If this works out as I anticipate, we should have a +3R...