Virgo_Capital

Virgo_Capital

Rejection at the support level on 12h chart.

Virgo_Capital

Weekly Chart Set Up for LONG GBPSEK

Virgo_Capital

The daily chart is looking good with USD is pretty on the daily support now. Also DXY is showing support as well.

Virgo_Capital

As you can see, the market still got room to move to the upside until the first RESISTANCE level. We can all see GOLD has good support from 50MA, 200MA and Ichimoku cloud.

Virgo_Capital

The chart is pretty self-explanatory guys. The price has made a lower low and now playing below the Purple Resistance. I will look to short when price retraces back into the resistance zone to get a better price. Happy trading!

Virgo_Capital

I have shorted NZDUSD based on DAILY resistance level. I have wide stop loss on this one, make sure you risk what you are comfortable with :)

Virgo_Capital

Double TOP bottom forming on 1minute and 5minute chart. Watch for price to make a sell off below 200MA on 1 minute chart

Virgo_Capital

I am just watching right now since this chart grabbed my attention. For weeks it has made a massive rally with little to no retracement. Ergo, I anticipate a correction to come but when? Therefore, i wanna see some kind of bearish pin bar or at least a daily sell off or something to give me a bit more confidence since this pair has a CAD in it which means oil...

Virgo_Capital

Expect resistance level to come in again at the 200MA.

Virgo_Capital

As you can see on the chart. When price approaches previous significant support and resistance, the candlesticks formation look weak and start to flatten out. So lets think about what is going on here in terms of market psychology. 1/ The sellers who are pushing the price down will tend to take profit when they see price is close to previous SUPPORT => less...

Virgo_Capital

Here we go again guys. I have shorted EURUSD again. Chart analysis is quite simple: 1. DXY is seen to be bouncing off support 2. EURUSD looks weak at resistance (4h resistance = significant) 3. 200MA is going sideways = ranging market ALSO if you go to daily and put on a 200ma, you will see 200ma is acting as RESISTANCE too Trading should be simple guys. Just...

Virgo_Capital

A very simple chart analysis where you see a convergence of 3 things: 1. DXY (us dollar index) found support 2. Trend line support on USDCHF 4h chart 3. Horizontal support on USDCHF 4h chart Furthermore, we can all see the 200MA is going flat. Which means the market is RANGING and not particularly trending in any direction. Like all my analysis, I stick to...

Virgo_Capital

I have just shorted EURUSD again. Hoping the DXY will bounce back from the potential support level now. Trade carefully. I risk 2.5% to 3% per trade doesnt mean you should too. Trade based on your RISK TOLERANCE.

Virgo_Capital

Hi guys, I really did missed out on this trade BUT I will have a sell limit if it retraces up to my entry to satisfy my RISK / REWARD RATIO. If I go short now, it is not worth it anymore. You can see USDCHF is travelling in a contracting channel so here is the plan: 1. Either way it breaks out we dont care 2. Pay attention to the price if it goes to either of...

Virgo_Capital Updated 

As you can see price is bouncing off support but with the upcoming trend line resistance and horizontal resistance, it may be too risky and not worth it to enter. HOWEVER if you are already long near the double bottom, i would hold it. I will look to short it around the green resistance zone. I did not go long on this since i was risking 7% shorting eurusd,...

Virgo_Capital

If you shorted EURUSD right at horizontal resistance like I did then this is what I have done if you want to follow. I shorted EURUSD with 0.90 lot and I have closed 0.40 and left 0.5 run with SL and Break Even (entry price). *** Reason: if you look at DXY, the price has recently broke above resistance and found support but there is uncertainty since US market is...

Virgo_Capital

This is a very important level where either DXY will keep going up to the resistance RED TREND LINE or go back down to the PURPLE support level. Based on this chart then yes, we can see DXT has risen above the immediate resistance but EURUSD is also being supported by the 200MA and horizontal support. Therefore, I have closed 37% of my SHORT EURUSD POSITION and...