UPDATED GOLD PLAN TRADING TVC:GOLD - this is plan is similar from before but there is double bottom confirmation from the chart and we wait for the gold retrace to 0.618 like my plan before and prepare to entry in there area. and i have 2 target that is first target and final target, my first target is 1902 and my final is 1.618 or 1915. and the stochastic indicator already hit the overbought so we wait for 0.618 and entry pattern
Tradingsignal
GBPJPY Sell Signal - Bears On the weekly we are still in a strong downtrend with the main down trend line holding in place.
On the daily we have tested resistance area at 143.60 which price has rejected.
Up trend line has broken downwards with backside tested and rejecting price.
Conservative Entries:
Break below 137.00
@140.00 Sell Limit
Aggressive Entry @ current price area of 138.00-138.50
TP 1 @ 133.50
TP 2 @ 126.00
SL above broken up trend line (conservative)
SL above past resistance (aggresive)
***Always remember risk management and splitting up your trades into multiple entry points instead of 1 large on.***
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
GBPCAD Sell Signal - Bears GBPCAD looks to be consolidating with price now nearing the top.
We are in a resistance zone with daily RSI about to reverse south.
Wait for a daily bear candle close under the channel then look to sell south to the bottom of the channel.
Short stop loss 50-75 pips with 300 Pips reward.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
VIX - Demand zone - Target $36VIX is in a very strong demand zone so expecting lots of buy limits here waiting for the trigger.
Technical apply to all.
1. Daily RSI in buy zone
2. Price in Demand zone
3. Price has consolidated between red and green line since June. Now we are back at the bottom of the zone.
Entry at current price zone. (Remember risk management and split your max trading size into 2-3 positions to maximize profit and minimize risk.
TP @ 36 area
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
NZDCAD Sell Signal 100+ PipsPrice rejected down trend line and we have 2 strong bear candles. Good confirmations of movement to the downside with RSI in strong sell zone.
1. Daily down trend line resistance held and rejected price.
2. Up trend line broken down and backside tested.
3. RSI in sell zone.
4. Strong bear daily candlesticks.
This pair has already net us 80 pips but still lots of opportunity to the downside.
Look to enter @ 0.8806
TP @ 0.8623
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
GBPUSD Sell SignalGBPUSD at the top of a channel and in the demand zone (strong sell zone). Looking for price to reverse towards 1.3000 area.
1. Strong RSI Sell zone
2. Price in Demand Zone
3. Price in current channel finding resistance at 1.3250
Entry @ 1.3250 area
TP @ 1.3000 area
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
EURNZD Buy Update 300+ PipsEURNZD has broken the up trend line on the daily but now at the weekly up trend line. Long term the bias is to the north side as all technicals point north.
Indicators:
1. Weekly RSI in Buy Zone
2. Daily RSI in Buy Zone
3. Price at strong weekly up trend line.
4. NZD currency strength in reversal zone.
Enter at current price area of 1.7300
TP @ green lines
Remember patience will pay off. Sometimes a trade goes against you but break up your trades into different positions to capitalize on drawdowns.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
EURUSD Sell Opportunity 200+ pipsPast EURUSD trade hit perfectly and took over 100 pips. (linked)
After past support was retested we had a large spike north to the backside of the up trend line.
Look to sell @ current price of 1.1885
Add sell entry at past resistance of 1.1950 area
TP 1 @ 1.1700
TP 2 @ 1.1620
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
EURAUD Buy Signal 500 PipsEURAUD has broken out of a channel since June and now retesting past resistance as new support (yellow box).
1. RSI in buy zone
2. Strong support area
3. On daily up trend line as support
AUD Cash rate incoming in an hour. If AUD does indeed lower their rate this pair is expected to climb up. If AUD keeps rate the same there may be little change or a break to the south side back into the channel.
I'd advise waiting to see how news turns out then trading. Main direction is a buy so I will look for a buy entry only.
Entry @ current price of 1.6506
Conservative Entry @ 1.6550 after news.
TP @ 1.7088 (I recommend taking profits in increments of 50-80 pips then reentering on smaller time frames)
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth, 1233 Pips
NZDUSD Sell SignalNZDUSD retesting channel (past daily up trend line)
Expect a bounce off to the downside.
1. RSI in sell
2. NZD CPI came in much under expectation.
3. NZD overbought and currency strength in reverse zone.
Entry @ .6670 area
TP @ 0.6600 area
SL above broken trendline 20-30 pips.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
EURUSD Day Trade - Buy SignalEURUSD lining up very nicely for a short buy. We are at a strong up trend line and support area with RSI in the buy zone.
Entry @ 1.1750 area
TP 1 @ 1.1790
TP 2 @ 1.1865
Entry @ price area of 78.50
TP @ 79.70 - 79.90 area
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
USDJPY Triangle Formation - Bull BreakoutUSDJPY is in a triangle formation with technicals pointing north.
RSI in buy zone
Price testing major support area
USD Index oversold and in buy zone.
Wait for a daily bull candlestick close above triangle then enter the backside of the trendline towards 107.00.
I will be keeping my eye on this trade until we have a break before trading.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
GBPUSD Channel OutlookGBPUSD 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 the backside area of the up trend line down to 1.1625 area.
Indicators:
1. Daily RSI in sell zone.
2. Backside of resistance area of 1.3040 tested and bounced south.
3. Daily bear strong candlestick.
Entry 1 @ 1.3000 (safe entry)
Entry 2 @ 1.2911 sell stop
TP @ 1.2700 (take profits of 50-80 pip ranges as you trade down to lock in profits)
And, as always, remember risk management. We are still in the USA election season and anything can happen.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
EURUSD Bull then BearEURUSD has been overbought as we all know. I do not foresee it creating any higher highs.
Indicators:
1. We currently still have a demand zone that has not yet been reached yet.
2. EUR govt has announced they want a weaker currency.
3. Monthly Outlook - Bearish with strong sell RSI.
4. Election in USA causes volatility and uncertainty. Once that is complete USD should adjust again.
My personal trades would only be sell directions with a pending at the supply zone and a pending at the backside of the down trend line.
Best of luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
EURUSD Trade Signal: The Presidential DebatePresident Trump is due to hold the first Presidential debate, which may trigger some volatility across global markets.
EURUSD reached a 4hr resistance (60min chart is displayed). The trading signal strategy is to wait for the 30min close (which is in shortly at the time of this writing).
The 30min close may trigger some EURUSD weakness towards 1.7113. Should the price correct lower and does not post a 30min close below 1.7113 we might see EURUSD re-testing the high and perhaps breaking above.
The signal strategy s intentionally kept simple.
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BTCUSD: Be careful.Bitcoin shows a very choppy, non-trending market situation right now. It could go both ways:
Bullish Scenario: Current market could be a wave 4 Elliott Wave correction and it will PUMP soon.
Bearish Scenario: A Tenkansen / Kijunsen crossover is observed which is a strong bearish signal according to the Ichimoku technical analysis and the price will drop lower.
Suggestion: lower your position size and just wait for a breakout / confirmation in the direction. No need to take risks and lose money, be patient.
How to trade Cup & Handle Pattern | C&H Tuturial with ExampleCup and Handle Chart Pattern Tutorial with Example below !
Stay Tuned ! In the next educational post i will write about psychology of trading Chart Patterns and strategy of How to successfully trade few chart patterns in detail.
Cup & Handle : Cup & Handle Pattern can be seen both as a bullish continuation or bullish reversal pattern. A bullish continuation C&H pattern forms when there is a
preceding uptrend followed by consolidation period in the shape of a Cup and a Handle look pattern and then the uptrend continues after breakout. On the other hand, a trend
reversal Cup & Handle pattern forms after a preceding downtrend, then after completition of the pattern the trend reverses after a successful breakout.
Inverted Cup & Handle Pattern : Inverted Cup & Handle Pattern is the opposite of C&H pattern, Inverted C&H pattern is a bearish continuation or a bearish reversal pattern.
A bearish continuation C&H pattern forms when there is already a preceding downtrend and after a Inverted Cup & Handle pattern is formed followed by a breakout the bear trend
continues. On the other hand, a bearish reversal Inverted Cup & Handle Pattern forms after a preceding uptrend, then after completion of the pattern the trend turns to a bearish
trend from a bullish trend after a successful breakout of the pattern.
(In the Above they are Trend continuation Cup & Handle and Inverted Cup & Handle Patterns and below are the Trend Reversal C&H and Inverted C&H Patterns)
The Cup & Handle Pattern can be form in any timeframe from few minutes to hours, daily or weekly and even monthly candle charts. The price targets are measured from the verticeal
distance from the bottom to the high of the Cup looked shape then this distance projected from the breakout point. Like all the chart pattern you need to confirm the breakout with
Volume Indicator. Sometimes in a cup & handle pattern, only the cup shape forms and do not form the handle shape or we can say it rounded bottom or rounded top for Inverted C&H
pattern.
Stay Tuned; 👍
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