cvfxwealth

cvfxwealth Updated 

EURJPY has broken the up trend line. 1. Daily RSI in sell zone 2. Up trend line broken south. 3. Strong bear candle close. Look to enter at backside of the trend line @ 124.15 area. TP 1 @ 123.20 TP 2 @ 122.65 Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple

cvfxwealth Updated 

GBPCHF has ben channeling for 3 weeks now and still holding. Long term direction is still down and I am looking to place a sell near the top channel. Again, I am only looking at sells as that is the main direction. If you do plan to buy at the bottom of the channel make sure you set short stop losses. Indicators: 1. RSI on daily and 4 hr in sell zone. 2. Channel...

cvfxwealth Updated 

King's Crown formation. This occurs when we have the following: 1. Trend line break. 2. AB boundary broken south with a lower low created. 3. Right tip (shoulder) creation that matches with left tip (shoulder). Entry @ current price of 137.27 TP @ 135.65 Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple

cvfxwealth Updated 

We have taken profits from our past 2 entries for a total of 150 pips. AUDJPY is at a pivotable point right now, on the up trend line area. Looks like it has broken but no significant candlestick has closed much under it. Wait to see how it reacts and have your entries ready. Daily RSI is still in sell zone and the technicals are pointing to the south...

cvfxwealth Updated 

EURUSD high level overview linked. This pair did exactly what we expected it would, a climb up to test resistance then a drop. This pair has now broken the 4hr up trend line. Look to sell at the backside area of the up trend line down to 1.1625 area. Indicators: 1. RSI in sell zone 2. Backside of resistance area tested and bounced off. 3. Daily bear strong...

cvfxwealth Updated 

GBPUSD has dropped almost 200 pips in the past 3 days. Brexit and Euro Oct 15th deadline date is very crucial as well and it looks like UK will be leaving without a deal (again). Once we have a break below this channel, start selling. Expecting price to go down to 1.2700 levels. RSI in sell zone This pair has now broken the 4hr up trend line. Look to sell at...

cvfxwealth Updated 

GBPJPY has broken south of the upwards channel, giving us an even strong signal to the downside. 1. Daily RSI in sell zone 2. Up trend line broken south. 3. Strong bear candle close. 4. Large time frame still bearish. Look to enter near backside of up trend line. (Past support becomes new resistance) Entry 1 @ 136.75 Entry 2 @ 137.20 TP 1 @ 133.60 TP 2 @...

cvfxwealth

See past EURUSD idea linked. This pair did exactly what we expected it would, just barely touched the supply zone but hit the resistance area and bounced down. Expecting price to move south towards 1.1600 area then 1.1400 area. Indicators: 1. RSI in sell zone 2. Backside of resistance area tested and bounced off. 3. Daily bear strong candlestick. This is high...

cvfxwealth Updated 

GBPJPY: Rising channel (blue) Uptrend line (red) that has been broken down and price retesting the backside. Look to enter at channel break south or top of channel. I currently am in sells in this price range and will add at backside of the trend line (red). Best of luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple

cvfxwealth Updated 

EURJPY is in a rising wedge, wedge pattern typically have a fast movement after a break south. Track this carefully next week. Once we have a break below the wedge I am expecting this to move towards Demand Zone (Profit Zone) Happy Friday all, take time to rest up. See you all at next market open! Let me know if there are any questions. Charles V CVFX...

cvfxwealth Updated 

AUDJPY is in the supply zone area. Sold at first resistance level of 76.10 and too profit and reentered when price came to retest it. Currently holding 1 sell and another at the next resistance @ 76.55. Technicals are all pointing south. 1. RSI in daily and 4hr in sell zone. 2. Up trend line has broken south. TP 1 @ 75.00 TP 2 @ 74.10 Good luck and let me know...

cvfxwealth Updated 

EURAUD possibly consolidating in a short range within a large range? We have seen this occur many times in the past 3-6 months. 1. RSI in buy zone. 2. Currently at support area. Entry 1 @ current price of 1.6365 Entry 2 @ 1.6325 TP @ 1.6500 area Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple

cvfxwealth Updated 

Since last GBPCHF trade idea this channel is still holding. But the main direction is still downwards. I'd advise only selling this pair. If you do buy this, make sure you have a short stop loss below the channel or last low. Entry 1 @ 1.1888 Entry 2 @ 1.1938 TP @ 1.1800 (bottom of channel) Good luck and let me know if there are any questions. Charles...

cvfxwealth

Last XAUUSD analysis we were at a pivotable point and recommendation was to wait to see how price reacted to this daily down trend line. Price broke up and closed above down trend line. Expect price to pull back to test the backside of this trend line before a move up. This backside is a strong buy entry but always remember risk management and a short stop loss...

cvfxwealth Updated 

We have taken profits from our last XAUUSD buy trade from 1860 to 1907. Great profits for all who took that trade. XAUUSD is currently approaching a resistance point, the down trend line. I recommend not taking any trades on this until we see how price reacts to this level. Patience is crucial here. If we get a rejection and a daily bear candle below down...

cvfxwealth

When trading pairs it is best to find out where there are most confirmations in whichever direction. If you have more confirmations (not biases) in a direction, trade that way. 1. GBPUSD has hit supply zone 2. Broken Up trend line 3. Retested that backside trend line 4. Strong 4hr engulfing bear candle stick. 5. RSI daily in sell zone. Good luck and let me know...

cvfxwealth

EURJPY in a prime supply zone area at the moment, looking great for a sell. 1. RSI daily in sell zone. 2. Supply Zone hit. 3. Down Trend Line has been hit and bounced off. TP @ 123 area. Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple

cvfxwealth Updated 

We have a right tip confirmation for King's crown bear signal. We have created a new low on October 2nd (yellow circle) and price moved up to hit the right tip. Expecting price to fall down now as we are also at the downtrend line area. Indicators: 1. New low created (yellow dot) 2. RSI on daily and 4 hr in strong sell zone. 3. Right tip created. Entry @...