Trading_Vista

Trading_Vista

Each week, we traders analyze a few currency pairs for possible trading opportunities. I want to draw your attention to also look at the entire group of corelating pairs i.e., all USD, all Euro, all JPY pairs and so on. To illustrate this, let us take a look at some JPY pairs. The following are some advantages of doing this type of analysis: 1) If you are...

Trading_Vista Updated 

Yes, I do think it was an overreaction. Looking at recent price action we can see how bullish the pair was. This was a solid long trade that got halted at 140.00. After a few days of consolidation, price broke out and a climb to 144.00 was easy. Consolidation followed again and my expectation was that we would soon get to 148.00 (see my posts of 17 June and 01...

Trading_Vista

On the weekly: a triple bottom (including a false break). On the daily: Neutral to bullish. The last 3 weeks we have seen a gradual move up and price has been above the 200dma. On the H4: Looks bullish. A nice strong move up followed by a range formation. The false break below confirms my bullish bias. If, however, we get a close below 1.4470 that would negate my...

Trading_Vista

Current market state - Ranging Preceding move - Strongly bullish My bias - bullish Trade location 1 - After a break out and retest Trade location 2 - At the bottom of the range if bullish PA is seen. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs...

Trading_Vista

As I anticipated in my post of 17Jun, this pair is likely to get to the 150’s. From the mid 141’s we are now in the 144’s and I do not see any reason why the trend will change any time soon. The trend is quite clean, the wicks are quite small and pullbacks are not deep either. Bearing in mind that the trend can become more volatile at any time, I remain with my...

Trading_Vista

The daily chart and the 200 day MA are known to provide a really good trading opportunity – not always but frequently. When price has spent some time below or above the MA and it crosses over to the other side, you should be watching this. If price retests the MA and gets rejected, you may have an opportunity to catch a multi-day runner. In the USDTHB chart here,...

Trading_Vista

On the daily chart this pair is still bullish but we do have a lower high. As the H4 chart shows we seem to have formed a double top. Look at the recent PA within the equidistant channel and note how each bullish move is immediately followed by a bearish move of similar strength. IMO, the bulls are running out of steam. It is likely that the battle between the...

Trading_Vista

This is not a trade idea, but just a guide about what to look for when a trend is starting. 1) Almost always a market will consolidate (range bound) before a trend starts. 2) You can trade the top and bottom of the range, but usually you have no idea if the range will break at the top or bottom, so it is better to wait for a breakout to show you the...

Trading_Vista

This pair broke below the significant s/r zone around 0.9000 and is now pulling back towards it. I am looking for signs of a bearish continuation in that area. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more...

Trading_Vista

This pair had a good week and looks ready to move significantly higher. Recently it had found liquidity in the 140 region and will need the same to find some momentum to the upside again. I think a pullback to the low 141’s is possible before the uptrend resumes. How far you trade this will depend on your belief, patience and ability to stay with the trade....

Trading_Vista

The weak retracement has finished with a rounding price action. We should head down again, lots of room to the downside. How much you get out of this depends on your belief and patience. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and...

Trading_Vista

If you zoom out on the daily chart, you can see the potential for this pair to go much higher. Looking at recent price action on the zoomed in view, we can see it has been in a range between 1.510 and 1.105. After 3 bullish days, it looks likely that the bullish PA will continue with the 1st target to the top of the range. We can anticipate stalling in the 1.140...

Trading_Vista Updated 

As my H8 chart shows, this pair has been struggling to keep making higher highs. In fact, we are now seeing marginally lower highs. The recent high at 1.9797 is worth keeping an eye on. If the next high is lower than that and the recent low at 1.9610 gets taken out, this pair will be bearish. If however, we get a higher high, this will negate my analysis. There...

Trading_Vista Updated 

My chart says it all, this one does not need much explanation. The H&S can also be seen on the daily chart. Ideally, I would like to see a small retracement to the neckline, but will be happy to take the trade even at current price. My initial target will be the distance between the head and neck line but this could easily extended to the next resistance zone. ...

Trading_Vista Updated 

Since Nov 2022, this pair has been attempting a resumption of the prior bearish trend although progress has been very slow and difficult. Price has been ranging between a trendline at the top and the horizontal s/r area at 1.070. However, PA within this triangle formation has been quite clean and the pair has consistently made lower highs. I am not convinced that...

Trading_Vista Updated 

Recent price action on this pair has been choppy, but the bullish trend is still intact. A firm support has been created in the 1.700 region and I expect it to hold. I will be looking for evidence of this in the next few candles, perhaps on H1, the trend line must hold as well. There are 2 potential targets I have in mind, either one provides an acceptable R/R...

Trading_Vista Updated 

The uptrend in this pair has lasted several months but now it seems to be stalling. A consolidation / reversal is possible but I think 1 more leg to the upside is on the cards. When I check out the H4 chart, a buildup to breakout above 1.0925 seems to be in progress. But we need to see this buildup continue and if my idea is valid, we should see that the bulls are...

Trading_Vista Updated 

This pair is overall in a down trend and this looks like a great time to join the next bearish leg. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea?...