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GBPUSD Wedge - Breakout Expectation Bull or Bear?GBPUSD has been consolidating since the start of August. We now see a wedge pattern. Expecting a breakout above or below this wedge. If above, Price can rise to 1.3300 handle. If below, expect price to fall to 1. 2900 handle. Short term trades to scalp this wedge range is fine but use low risk and short stop losses. Otherwise wait for confirmation of direction break. Good luck trading! Please help like these free analysis as others will benefit from seeing them as well. Let me know how I can help. Charles V www.cvfxmanagement.com Trading made Simple
by cvfxwealth
1
AUDUSD Sell - Breakout AUD Fundy 930PM ESTDownwards channel formation. Watch Australia unemployment fundamentals shortly here. Expectation AUD weakness. I am only in sells in AUDUSD. If it retraces up I will sell at 0.7230 (resistance) Entry: Sell stop 10 pips below channel TP @ 0.7090 area (bottom of channel) Good luck trading! Please help like my free analysis ideas so it can benefit more people. Let me know if I can help in any way! Charles V ww.cvfxmanagement.com Trading made simple.
Short
by cvfxwealth
USDJPY Sell OpportunityUSDJPY in a downwards channel creating lower lows and broke past support now acting as resistance. Indicators: 1. Downwards channel 2. Downtrend line holding as resistance. 3. Past support broken now acting as resistance (red line). Entry @ current price of 105.95 Entry @ 106.20 area (bounce of downtrend line. TP 1: 105.40 area TP 2: 104.30 area Good luck trading! Please help like these free analysis so others can benefit from them. Let me know how I can help. Charles V www.cvfxmanagement.com Trading made simple.
Short
by cvfxwealth
NZDJPY Sell OpportunityNZDJPY strong downwards weekly trend and has bounced off of weekly inner downtrend line. Sell at downtrend line areas 70.33 and 71.60 down to next support area 66.91 Indicators: 1. Downwards weekly down trendline 2. New lows since July 20th. 3. Look for lower lows for indication of strong bear market. Entry @ downtrend line areas (yellow). TP at 50 pip increments to protect profits. Good luck trading! Please like to help these free analysis reach more people that may benefit from it. Let me know how I can help. Charles V www.cvfxmanagement.com Trading made Simple.
Short
by cvfxwealth
EURUSD Sell Opportunity 200+ pipEURUSD at main resistance area of 1.1900 Pair is volatile but extremely overbought, expecting a short possible retrace. Entry: 1. Aggressive Entry @ current price area of 1.1870 2. 1.1900 area TP 1: 1.1700 TP 2: 1.1600 50 pips stop loss 1:2 and 1:4 risk reward trade. Trade safely on this one, see my main EURUSD idea linked. I am waiting for a strong bear daily candle close and at least a weekly bear candle before trading this down to long-term target of 1.1400 handle. But this pair is a good sell for short pips. I recommend taking increments of 30-50 pips if you are selling to protect risk to the upside. Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com @cvfxwealth Trading made Simple
Short
by cvfxwealth
NZDCAD Sell Opportunity - ConfirmedSee past NZDCAD Idea. We are in a downwards weekly channel with the top channel holding as resistance. Indicators: 1. We have confirmation of bearish daily candles closed under the channel with lower lows. 2. Weekly RSI in sell zone 3. Main direction is downwards. Entry: 1. Top of channel @ 0.8877 area 2. Aggressive entry @ 0.8844 area TP 1 @ 0.8680 TP 2 @ 0.8379 Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com Trading made simple.
Short
by cvfxwealth
EURAUD Buy 4hr TimeframeThis pair has generated thousands of pips since bounce of bottom support area. See past trade idea. Indicators: 1. Currently at a support and looking to reach the next resistance area. 2. Strong bounce off up weekly channel 3. Created higher highs on 2-4 hr time frame Entry: 1. Current price of 1.6418 (support area) 2. 1.6340 area at lower support area TP 1: Next Resistance at 1.6590 area TP 2: Higher Resistance at 1.6850 area Remember: Always look left, when trading. Good luck everyone! Charles V www.cvfxmanagement.com
Long
by cvfxwealth
GBPAUD Buy Update 500 Pip OpportunitySee my prior trade idea linked below. Been trading this from the bottom of up weekly channel Great opportunity for a buy. Indicators. 1. Upwards weekly channel bounce at bottom creating a new high. 2. Weekly RSI in buy zone. 3. Broken Resistance area becoming new support. Entry: 1. Current price area of 1.8224 2. 1.7900 area for a deeper conservative retrace. TP 1: Next resistance area of 1.8464 TP 2: Large resistance area of 1.8831 Good luck trading! Let me know how I can help. Charles V www.cvfxmanagement.com @cvfxwealth Trading made simple
Long
by cvfxwealth
4
NZDCAD Sell 800 Pip Opportunity UpdateMy previous analysis of EURNZD Sell entry was to wait for a daily bear candlestick formation. We have multiple bear candles below the downwards channel on the weekly. Entry: 1. Sell at retest of weekly downtrend line @ .8920 area. 2. Current price of 0.8863 area Indicators: 1. Pair currently trading in downwards channel acting as resistance. 2. Daily Uptrend line has been broken and back has been retested as resistance 2. Weekly RSI overbought bulls are weakening. 4. Strong Daily Bearish Candlestick close TP levels: Take short TP levels of 40-50 as this pair is can still consolidate or move downwards slowly. Good luck trading! Let me know how I can help. Charles V CVFX Management www.cvfxmanagement.com @cvfxwealth Trading made simple.
Short
by cvfxwealth
EURAUD Flag Formation - Buy UpdateFlag formation on EURAUD, watch for a breakout shortly today into London session. Please see my past ideas on EURAUD, this is a pair I will be buying up for the next few weeks. Indicators: 1. Weekly RSI in buy zone 2. Upwards weekly channel and a strong bounce from bottom of channel 3. Higher highs, higher lows created Entry 1. Bottom of Flag for aggressive entry 2. Support at 1.6375 area TP 1: 1.6565 area TP 2: 1.6770 area Good luck! Let me know if you have any questions. Charles V www.cvfxmanagement.com @cvfxwealth Trading made simple
Long
by cvfxwealth
AUDCAD Sell: 300+ pip Opportunity UpdateAUDCAD bounced off top of channel as expected (see past AUDCAD idea linked). This trade profited over 100 pips. Waiting on a break of .9500 area and a close under it. This will confirm more selling to the bottom side. Indicators: 1. Weekly trend is still downwards. 2. Weekly RSI overbought, now in a strong sell zone Entry: Once we have a break of channel, sell on the retest of the bottom channel (new resistance). TP 1: next support area of 0.9426 TP 2: higher time frame support of 0.9283 Good luck trading! Charles V www.cvfxmanagement.com @cvfxwealth Trading made simple
Short
by cvfxwealth
EURUSD Sell Update - Strong Resistance AreaEURUSD has been going against techincals on lower time frames but monthly and weekly still points at a drop. Price currently at a past Resistance and monthly down trend line, which spans from 2008. I will be looking for a sell entry once we have a bearish daily and/or weekly candlestick below the monthly downtrend line. Stay tuned for a large sell opportunity with EURUSD. Stay tuned! Charles V www.cvfxmanagement.com @cvfxwealth Trading made Simple
Short
by cvfxwealth
5
EURNZD Buy UpdateSee my last trades of this pair, been trading it since the bottom of the weekly channel. Since the last update and entry at 1.7250 area, pair is currently up 500 pips with lots more opportunity to go. Indicators: 1. Weekly upward channel holding and pair bounced off bottom of channel. 2. Weekly RSI in buy zone. 3. We are creating higher highs and higher lows. Entry @ 1.7630 area (past resistance becoming new support. Expecting pair to retrace down where we can reenter safely. TP 1: 1.7900 TP 2: 1.8537 Good luck trading! Charles V www.cvfxmanagement.com @cvfxwealth Trading made Simple 20% July 2020
Long
by cvfxwealth
EURAUD Buy UpdateSee my prior analysis this week and comment on a potential upwards king's crown. Entered at past support area (red line) and pending buy at 1.6300 handle for potential right tip. Trade is up about 100 Pips right now. Target at next Resistance of 1.6560 handle. Will probably exit with profit and reenter on small time frames. Summer months are volatile so it's safer to lock in profits and reenter. Good luck trading! Charles V CVFX Management www.cvfxmanagement.com @cvfxwealth Trading made Simple
Long
by cvfxwealth
1
AUDJPY Sell 400 Pip OpportunityAUDJPY retested Resistance zone and looking for a corrective drop. Indicators: Pair is currently overbought and at a strong Resistance level. Weekly RSI in a strong sell zone Up trend line has broken, retested, and bounced off the back indicating downwards movement. Entry: 1. Current price area 2. Wait for retracement on shorter time frame at 75.80 area TP at next support at 72.00 area Good luck trading! Charles V CVFX Management www.cvfxmanagement.com @cvfxwealth
Short
by cvfxwealth