chfjpy bearish potentialexpect up trend to 114.70 and after that reversal to 112.00 , looking for Bearish Price Action Pattern , I expect Big sell On this pair ! and same like audjpy and eurjpy ... lets see what will happend ! good luck
Forex-trade
NZD CAD Sell 700 Pip Opportunity NZDCAD currently in a downwards channel and top channel is holding.
This pair will start to make its way back down towards the bottom of the channel.
Entry:
Wait for confirmation with a daily bear candle close under the up trend line.
Indicators:
1. Pair currently trading in downwards channel acting as resistance.
2. Historically this channel has held so expectation is downwards movement.
2. Weekly RSI overbought bulls are weakening.
TP levels at past support/pivot levels.
As this pair breaks the trendline, take small profits of 40-50 pip ranges as movement may be slow.
Otherwise this is a great trade for long term.
Good luck trading!
Charles V
CVFX Management
Trading made simple.
AUDCAD Sell +150 to 500 Pip Opportunity AUDCAD is overbought and looking for a large downward movement.
Short-term we are looking at 150 Pips to the downside
Long-term we are looking at 300 to 500 pips
Indicators:
Look left rule- If you look at history, the current area where this currency has been a strong pivotal point, dating a few years. This is now acting as Resistance.
Daily and Weekly time frames are overbought (Larger time frames dictate main direction)
Conditions to Enter:
Close of daily candlestick under the current up trend line, this will confirm a break to the downside.
Entry:
1. Bear candle close under up trendline
2. Retest of up trend line on the backside.
TP1 at next support
TP2 at main weekly support
SL if prior high is broken
Good luck trading!
Charles V
CVFX Management
Trading made simple
EURAUD Buy Update 900 Pip OpportunityTrade currently up 75 pips from last week's entry. Today just closed with a very strong bull candlestick, confirmation of upwards movement.
Indicators Recap:
1. Currently at bottom of weekly channel acting as support.
2. Stochastic RSI weekly and daily oversold and in the buy zone.
3. Upward Trend still dominant.
4. Bull candlestick close end of day 07/13/2020.
Additional Entry or if you missed first entry:
1. Wait for short retrace on 2hr or 4hr time frame around 1.6300
Next small Resistance at 1.6540 for a TP target.
TP 1 and TP 2 remains the same for longer term trade.
Good luck trading!
Charles V
CVFX Management
Trading made simple.
Elevate Markets Signature Trade. Level 1 Long USDCADPrice is at first level and I anticipate it to rise for at least another session.
R:R 1:4
USDCAD SHORT Price broke below the support waiting for the retest into 0.5/618 fib zone then will go short once I have the correct confirmation please let me know what you think of my setups would appreciate the feedback!
1:10 RR Ratio
USDCAD POTENTIAL *SELL*Hey guys, hope you guys have had a wonderful trading week. I just wanted to upload a quick trade idea as there is a potential opportunity for a sell. USDCAD has hit an area of resistance and is showing weak buying pressure as all the traders that went long are looking to close their position due to the area of resistance. Therefore i have executed a short position with a 1:2 RR.
HAPPY TRADING!
EUR/USD: Correlations update (Part 2)Part 2/2:
Looking at the recent developments in interest rate differentials, it looks like a small divergence has formed between the pair and German/US 2y yields. This could be a bearish sign in the short-term.
Positive point of viewFeeling positive about the US economy and believe that we can see this symbol reach the highs that was made before the crash at around 29 May 2020, if the channel can hold. Expect a 17% rise. This is just my personal opinion and my believe in the US economy.
Eur Usd 30MinutteEuro USDollar technical analysis in the 30 Minuttes time frame.
that is in the terminal impulse wave in the corrective form (wave (B) ).
that's will complete the wave C in the corrective ABC form.
Tails with high volume will sign of U-turn : GBPAUD
Hey, Friends.
Before the start to talk on analysis, request to share you love by giving LIKES and comments.
Parallel channel expected break-down . Selling in pullback is best opportunity to grab profit on this pair. The projection is mentioned at the chat for future prediction.
----------------------------------------(Weekly view)---------------------------------
Previous High 2.03533 ( double top )
Price is trading in still channel.
Series of tails found on the value high with an excess.
Tails with surged volume (its indicate U-turn)
Conclusion: highly prefer to trade in short selling side, therefore projected "falling wave" in the chart.
EURCHF CLOSE T BREAKOUT IN DESCENDING TRIANGLE Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair is moving in a Descending Triangle and now its close to its breakout. One can wait for confirmation.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes.
GOLD STILL FALLINGDepending on market open, we could see a gap to the upside to help gain a better entry. Im confident with recent price action for us to continue lower, as well as global macroeconomics to keep pulling us down. Wether we fall from hereat 1500 or peak at 1560 is not clear, but with that being said, if you scale in you short positions every 200 pips, you can increase the 1.3 R:R to something closer to 3 R:R. 200 pips may sounds like a lot, but with the recent volatility, we have been seeing daily moves of upwards of 800 pips, so be careful with your leverage. any closure above 1565-1570 is a total change in short-medium term trend
EUR/USD Good opportunity to BUY :) UPDATE HELLO TRADERS :
--The EURUSD reached the bottom of a descending channel that I’ve discussed since September of last year.
--That 1.0780 area is what triggered last week’s bounce.
--We can make 3 trades based on a possible bullish pattern and place the TP over the yellow
--This is my trade idea, Good luck !
Follow me on Instagram : pgforextrading
GBPCAD some more money to come...Short it. Do not hesitate to take some partial profit on the way down. Godd luck.
NZDCAD shortNZDCAD is trying to make head and shoulder pattern
but it is not finished yet!
if it breaks the neckline, we can go short.
sl and tp is shown in the picture
USDCHF Bullish, Retains Its Recovery Threats
USDCHF faces risk of further move higher following a positive close the past week. Resistance comes in at the 0.9750 level. Above here, resistance lies at the 0.9800 level and then the 0.9850 level. Further out, resistance stands at the 0.9900 level. On the downside, support is located at the 0.9650 level with a turn below here opening the door for more decline towards the 0.9600 level. And then the 0.9550 level. Further down, support comes in at the 0.9500 level. All in all, USDCHF remains biased to the upside on price strength.
BUY EURUSDEURUSD is in the bottom of the ascending channel
also stochastic is in oversold zone and crossing!
a good point to enter buy position. Sl and TP has been shown.
EurChfPATIENCE IS KEY! EURCHF IS ONE OF THOSE PAIRS PEOPLE SLEEP ON! IM ABOUT TO BE LIT!
respecting trendline (yellow)
....Anticipating a retest at the daily support area (pink line)
if breaks and closes below we will sell
tp.1.0788 (h4 support area)
EURJPY Downside Pressure Remains With Eyes On 121.01 ZoneEURJPY faces further downside pressure as it looks to weaken further towards its key support at 121.01. On the downside, support comes in at the 121.00 level where a break if seen will aim at the 120.50 level. A cut through here will turn focus to the 120.00 level and possibly lower towards the 119.50 level. On the upside, resistance comes in at the 122.00 level. Further out, we envisage a possible move towards the 122.50 level of the former level. Further out, resistance resides at the 123.00 level with a turn above here aiming at the 123.50 level. On the whole, EURJPY continues to retain its downside pressure nearer term.
