EURCAD H1 - LONGEURCAD H1 - LONG
We will be waiting for the H4 closure for a clear breakout of resistance area, then look for a pullback onto the broken structure for a LONG position towards the next resistance area @1.54600.
Tradingsignal
AUDCAD H1 - SHORTBearish bat pattern formation if we get a D-completion. We are looking for selling pressure and any sort of bearish price action before taking this opportunity. Note that the bullish momentum has to slow down before taking this trade otherwise, we may be blown away by the bullish momentum charging into our completion zone.
AUDCAD H1 - SHORTAUDCAD H1 - SHORT
A trading opportunity arises as we approach the market week. Bearish bat pattern formation @0.98150 area where D-completion is made. Look for bearish pressure or selling interest for a move down towards the next support area.
GBPCAD Triangle Formation - Sell SignalGBPCAD in a triangle formation with a bias to the south side.
Weekly RSI oversold and looking for a correctional move south.
Price hitting top of channel and looking to bounce off of it.
Sell @ top of channel around 1.7470
TP @ 1.7200
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%
EURUSD Sell Opportunity 300 PipsEURUSD has broken up trend line and tested the backside of it. We are looking for a 300 pip move to the south towards 1.1947 area.
Expect a retrace north to entry 1 and 2 and look to sell south.
Weekly technicals lining up perfectly for a south correctional move: RSI & broken trend line
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%
AUDJPY Bull Exhausting - Look to SellAUDJPY has been climbing up and also breaking the monthly down trendline. Long term I expect this price to climb up higher but there is an opportunity to capture the retrace here.
Look to enter at next resistance area of 80.60 targeting 78.50 with short stop loss OR
Wait for up trend line break and enter on the backside of it down to 77.50 area.
Once price heads back to 77.50 area I will be looking to buy beyond 80.00.
This is a good trade to keep on the side and watch and enter when we have our indicators.
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
2020 Growth: 206%
AUDUSD Right Tip Sell1. Weekly/Daily RSI in sell zone.
2. Over extension on AUDUSD, correction incoming.
3. Up trend line broken, waiting for retest
4. Right Tip to be created for a sell entry.
Entry @ 0.7560 - 0.7600
TP 1@ 0.7520
TP 2@ 0.7430
Good luck and let me know if I can help in any ways!
Charles V
CVFX Management
Trading made Simple
EURAUD Buy - Demand ZoneBe patient with your trades. Despite this trade not following the king's crown reversal, price tested to bottom of the Demand zone and large support area.
Look to enter near current price range of 1.6140 and take profit at supply zone.
Follow technicals and patience will pay off.
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
GBPJPY Sell Signal UpdateTrading kept very simple. Forex trading is not easy but it is very simple. Stick to the basic fundamentals and do not overcomplicate yourself.
The chart speaks for itself.
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
EURUSD Prime Sell Position - Supply ZoneEURUSD is retesting the top of the channel and the last high we have hit in 2020.
1:3 Risk to reward ratio = beautiful set up
Technicals are pointing downwards with
1. Strong resistance
2. Supply Zone
3. RSI in sell zone
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
UPDATED GOLD PLAN TRADING TVC:GOLD - this is plan is similar from before but there is double bottom confirmation from the chart and we wait for the gold retrace to 0.618 like my plan before and prepare to entry in there area. and i have 2 target that is first target and final target, my first target is 1902 and my final is 1.618 or 1915. and the stochastic indicator already hit the overbought so we wait for 0.618 and entry pattern
GBPJPY Sell Signal - Bears 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 138.00-138.50
TP 1 @ 133.50
TP 2 @ 126.00
SL above broken up trend line (conservative)
SL above past resistance (aggresive)
***Always remember risk management and splitting up your trades into multiple entry points instead of 1 large on.***
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
GBPCAD Sell Signal - Bears 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 Management
Trading made Simple
Oct: +30% growth
VIX - Demand zone - Target $36VIX 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 size into 2-3 positions to maximize profit and minimize risk.
TP @ 36 area
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
NZDCAD Sell Signal 100+ PipsPrice 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 opportunity to the downside.
Look to enter @ 0.8806
TP @ 0.8623
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
GBPUSD Sell SignalGBPUSD 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 Simple
Oct: +30% growth
EURNZD Buy Update 300+ PipsEURNZD 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 lines
Remember patience will pay off. Sometimes a trade goes against you but break up your trades into different positions to capitalize on drawdowns.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
EURUSD Sell Opportunity 200+ pipsPast 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 Management
Trading made Simple
Oct: +30% growth
EURAUD Buy Signal 500 PipsEURAUD 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 the south side back into the channel.
I'd advise waiting to see how news turns out then trading. Main direction is a buy so I will look for a buy entry only.
Entry @ current price of 1.6506
Conservative Entry @ 1.6550 after news.
TP @ 1.7088 (I recommend taking profits in increments of 50-80 pips then reentering on smaller time frames)
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth, 1233 Pips
NZDUSD Sell SignalNZDUSD 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 Management
Trading made Simple
EURUSD Day Trade - Buy SignalEURUSD lining up very nicely for a short buy. We are at a strong up trend line and support area with RSI in the buy zone.
Entry @ 1.1750 area
TP 1 @ 1.1790
TP 2 @ 1.1865
Entry @ price area of 78.50
TP @ 79.70 - 79.90 area
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
USDJPY Triangle Formation - Bull BreakoutUSDJPY is in a triangle formation with technicals pointing north.
RSI in buy zone
Price testing major support area
USD Index oversold and in buy zone.
Wait for a daily bull candlestick close above triangle then enter the backside of the trendline towards 107.00.
I will be keeping my eye on this trade until we have a break before trading.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
GBPUSD Channel OutlookGBPUSD has dropped almost 200 pips in the past 3 days. Brexit and Euro Oct 15th deadline date is very crucial as well and it looks like UK will be leaving without a deal (again).
Once we have a break below this channel, start selling. Expecting price to go down to 1.2700 levels.
RSI in sell zone
This pair has now broken the 4hr up trend line. Look to sell at the backside area of the up trend line down to 1.1625 area.
Indicators:
1. Daily RSI in sell zone.
2. Backside of resistance area of 1.3040 tested and bounced south.
3. Daily bear strong candlestick.
Entry 1 @ 1.3000 (safe entry)
Entry 2 @ 1.2911 sell stop
TP @ 1.2700 (take profits of 50-80 pip ranges as you trade down to lock in profits)
And, as always, remember risk management. We are still in the USA election season and anything can happen.
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
