Trading_Vista

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...

Trading_Vista

After making a new ATH at 2790.06, gold started pulling back and aided by the US election results and strength in the US$, it accelerated the down move. A short pullback and then on Fri, the bears continued the down move. If this pulls back again to the 2700 region, taking a short would be tempting BUT I believe that it would not be wise to fight the Gold bulls...

Trading_Vista

Monthly view – strongly bearish. Note that the PA of Oct recovered almost all the entire bullish gains of the preceding 2 months. Weekly view - price has been ranging, this range is well defined and we still have room to the downside. Daily view – The trend is clearly bearish, price well below the 200dma indicating a bearish bias. H4 view - H4 view – For the...

Trading_Vista

Is GBPUSD ready to break out? Is the USD getting weaker? I think so, but best to wait and find out. This is not a trade recommendation. 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 moving the stop away from price is a recipe...

Trading_Vista

My chart shows exactly what I am thinking. This is not a trade recommendation. 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 moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost”...

Trading_Vista

This pair is bullish on all time frames and price is above the 200dma, adding to my bullish bias. It is good when you can find a few reasons to take a trade and an inside bar formation is my next reason. The large bullish candle on 23/10 was followed not by 1 but 2 inside bars. This shows a period of consolidation and when it appears on a daily chart within a...

Trading_Vista

Weekly chart – bullish Daily chart – bullish H4 chart – bullish (was in consolidation between 172.70 and 173.50 but broke out to the upside). The structure of this pair has resumed the bullish nature (HL and HH) and for the most part the 20sma has been holding price above it. A pullback would be nice and provide a good location to take a long. However, if a...

Trading_Vista Updated 

The market usually does not turn around on a dime, a change of trend very often is preceded by a period of consolidation. This is exactly what I am seeing on this pair, a transition from a bearish trend to (possibly) bullish. Price has just overcome major support/resistance in the 0.8550 region. This has also created a higher high, a small pullback to retest this...

Trading_Vista

Best seen on the weekly chart, see how this pair turned around during the week of 04 August. A shallow pullback followed but for the past 2 weeks the bulls have taken control of this market again. Switching to the daily chart, see the nice strong moves of the last 3 days. The significant s/r level around 1.1210 was easily overcome on Thu with a strong follow...

Trading_Vista

Weekly - Neutral to Bearish Daily - Bearish, plenty of upper wicks H4 - about 10 days of consolidation, price broke to the downside. I am hoping for another retest of 1.7900. My chart above says what I am thinking.. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose....

Trading_Vista

The FOMC news and press conference today left the charts in a bit of a mess. We do have NZD and AUD news soon, so I don't even want to look at those currencies. One chart that makes sense to me is GBPJPY. The daily chart is bullish, current week is strongly bullish and H4 is making higher lows & highs. If I see a pullback to about 186.50, I am happy to go long....

Trading_Vista Updated 

About a month ago, this pair broke below the 1.3610 level and since then has been unable to overcome it despite 7 attempts. The 200 dma has resisted bullish efforts and my bearish bias is also supported by Ichimoku Kinko Hyo. I will be on the lookout for bearish evidence on lower time frames such as H4 and H1, see how such price action relates to the 20 sma...

Trading_Vista Updated 

My 1st attempt had failed, perhaps partly due to incorrect identification of support/resistance. Entry - approx. 2.1200 (deliberately late to be under the 20sma on H4 time frame) Stop - above the recent high at 2.1330 1st target - 2.0900 Possible potential to take this down to 2.0600 region (The outcome of this trade really depends heavily on the 2.1250 area...