Trading_Vista

Trading_Vista

The value of Palladium has been declining for several months and I see now another good opportunity to short as price seems on the verge of breaking through the support at 1947 area. I am interested in taking a short, with stop above 1983 to target just above 1780. The R/R justifies this "with trend" trade. The memorial day holiday in the US will mean rather thin...

Trading_Vista

The last time this pair got to 0.900 it sold off rather aggressively. Are we going to see that again? I think yes and am looking for about a 200 pip move, down to about 0.87900. If you like my analysis, please give it a "thumbs up" and follow me to get instant notifications. As always, please use sound money and risk management in all your trades.

Trading_Vista

As you can see, this pair has been trading in a channel and I may have missed 2 shorting opportunities already. I am however optimistic that some time on Monday, there will be another pop up to test the top of the channel and I would be happy to take a short trade if that happens. Price action on this pair is quite clean and I would not be looking for any...

Trading_Vista

As you can see from the shaded area, this pair was strongly bullish in mid March,2020. The bulls were in control for 8 straight days, but they could not keep the momentum going and lost over 50% of the gains in the next 5 trading days. Since then price has been ranging and the range has been narrowing. Although a breakout either side is possible, I am of the...

Trading_Vista Updated 

1. Falling trendline seen on H4. 2. Strong bearish move – large bearish candles, few and smaller bullish candles. 3. Retracements are all weak and rather shallow. 4. Retracements are of shorter duration, regaining small territory and the slope of retracement lines getting flatter each time. 5. Support at 1.3930 already broken, traders were selling until the last...

Trading_Vista

Both NZD and CAD have made significant gains against the USD during the last week and to pick the stronger between the two is not easy. However, the NZDCAD chart does give us a good perspective. The trend line shows a slow but consistent grind to the upside, yet a strong resistance at 0.85440. You can see at least 8 attempts to breakout at the top and to me it...

Trading_Vista Updated 

If you think this pair is in an uptrend, I would draw your attention to the weekly view. You may want to think again. Moving on to the daily chart, we can see how price was contained within 0.9140-0.8850 for over 7 months. Both these levels are obviously significant so if price has been battling 0.9140 area for the past 4 days, that is an important factor in...

Trading_Vista Updated 

Price has been in a range as you can see. Preceding trend was bearish so I feel comfortable taking a short close to the top. Initial target will be at the channel bottom with a stop above the channel. Good luck if you take this trade. Please give a thumbs up if you like this.

Trading_Vista

Here is an essence of good trade management and mindset that I accumulated over several years. I hope it will be useful for the 'less experienced'. Please always use sound money and risk management in all your trades. Good luck!!

Trading_Vista

Does you trade using Ichimoku? NZDUSD looks like a good buy on H1 and H4 time frames. On the D1, it could look great when the daily candle closes (hopefully above the cloud). Appreciate your thumbs up, comments. Thanks

Trading_Vista

It was in Oct, 2019 when I plotted the channel and major levels on this chart. For the most part, the channel has contained price but it has now broken out for the second time. A nice uptrend has been developing during the last 5 weeks but then again, that is exactly what happened in Dec 2019 too. Price just fell back rather impulsively before starting rising. I...

Trading_Vista

Round numbers are important areas for price action and this can be seen in the daily chart of EURNZD . After failing to close about 1.9000, this pair has declined to 1.8000. Price action over the past 2 weeks has been largely contained within 1.8300 and 1.8000 – in fact I see a top has formed at 1.8300. I see further bearish action in this pair and am looking...

Trading_Vista

Note how the 20EMA contained price below it as price during mid Feb - Mar this year. It has now crossed over and acts as a dynamic support. The pair is at a significant s/r level, has just retested it as well and IMO is ready to continue its journey to the upside. I believe that Boris Johnson's ongoing recovery from Covid-19 will also support the GBP. For...

Trading_Vista

From the daily chart you can see 2 major zones that has been containing price for the most part for the past 10 months. Friday candle shows rejection of price and if you switch to the H1 you will get a sense of bullish action having commenced. I don't pay much attention to patterns but do you see a reverse head and shoulders developing (on H1 time frame)? I am...

Trading_Vista

The large candles in the 4 hour chart are all bullish so I think this is getting ready to break out at the top. A touch at the bottom of the range if it happens will provide a low risk opportunity.