cvfxwealth

cvfxwealth Updated 

Hi friends, EURNZD has been fairly stubborn and gone against technicals on the weekly and daily. We are now at the monthly up trend line, which I am expecting a strong support here to hold. Most likely this month will close right on the up trend line and we will not see a movement north until December. I still expect price to head back towards 1.7600 - 1.7700s...

cvfxwealth

EURAUD in this wedge range. Look to buy at the bottom of the channel as we should be expecting a reversal back to the north side again. Entry @ current price or wait for bull candle break above this channel. TP @ 1.6600 area long term Good luck and let me know if I can help in any way. Charles V CVFX Management Trading made Simple Oct: +30% growth

cvfxwealth

GBP USD at resistance area and the top of the upwards channel. Look to enter sells at this area. Entry @ current price area of 1.3327 or wait for trend line break to enter backside. Good luck and let me know if I can help in any way. Charles V CVFX Management Trading made Simple Oct: +30% growth

cvfxwealth

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...

cvfxwealth

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...

cvfxwealth

VIX 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...

cvfxwealth

EURUSD still ranging in this area, which can possibly just consolidate into the end of the year until a president is sworn in office January 2021. Technicals are pointing to the south so my bias would be only sell (always trade in large time frame and main direction) Enter at backside of trendline and top of consolidation zone. Take profit at bottom of...

cvfxwealth Updated 

EURAUD looked to have broken out of the consolidation zone last week but has retraced back into this consolidation zone. Price has gone back down towards the demand zone, prime buy area. Entry 1 @ 1.6150 (conservative entry) Entry 2 @ 1.6310 area TP @ 1.6530 area Good luck and let me know if there are any questions. Charles V CVFX Management Trading made...

cvfxwealth Updated 

Price 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...

cvfxwealth Updated 

GBPUSD 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...

cvfxwealth Updated 

EURNZD 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...

cvfxwealth

Past 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...

cvfxwealth Updated 

We are looking at a retrace for EURUSD to test the backside of the broken up trend line. This will pull the RSI into the sell zone giving us a prime entry. 1. Up trend line broken south 2. Main direction is sell. 3. Weekly Resistance rejected and expected to hit bottom channel. 4. We have a demand zone that has not hit near 1.1500. Expect a retrace to this...

cvfxwealth Updated 

EURNZD is nearing the weekly up trend line. And we are at a resistance area on the daily. Technicals are all pointing to the north side and NZD is losing it's strength. I am currently in a buy and will be adding another at the up trend line. Expect this to climb upwards towards 1.7950 area. This pair is moving slowly but patience will pay out. 1. RSI in buy 2....

cvfxwealth Updated 

1. Up trend line broken south 2. Main direction is sell. 3. Weekly Resistance rejected and expected to hit bottom channel. Entry @ 1.3100 TP 1 @ 1.2860 TP 2 @ 1.2700 Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple Oct: +30% growth, 1233 Pips

cvfxwealth Updated 

EURAUD 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...

cvfxwealth Updated 

NZDUSD 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...

cvfxwealth Updated 

We are at a pivotable point for EURAUD. Price has retraced back to its origin as expected but we do not yet have a confirmation of whether price will bounce and go north or back into the consolidation range. With the AUD Cash rate easing expectation in week 1 November, I am expecting these two possiblities with 400+ pip opportunity in either direction: 1. AUD...