USDJPY Buy - Entry off of double bottom formation with divergence and TDI hook below 32.
- Stop loss below the formation by 10 pips
- Entry at RSI (green) Signal line (red) cross
- Divergence on TDI
- Bullish cycle
- Exit TP 1 @ days initial high
-...
USDJPY Buy - Entry off double bottom second green candle @ RSI (green) Signal line (red) cross (TDI).
Pair in bullish trend.
Hold trade either up to yesterday's high TP 1, or TP 2 @ 50 pips keeping stop loss below the 13 ema or at break even.
AUDUSD Short - Direction: In a Bearish Cycle at level 2 on the H1, showing Bearish Momentum on the higher time-frame. Entry: Market Structure looked the same as yesterday and the day before, then gave an M formation entry at the top of the level. Furthermore, candle closed below the 13 EMA, giving me a confirmation. SL @ 17 pips above Trade Open (just above YH),...
USDJPY Long - Direction: In a Bullish Cycle on the H1, showing Bullish Momentum in Level 2 of the cycle. Entry: Pins and bounce off the 800 EMA indicated a possible low and after the low was held for over an hour, a W pattern formed, enticing me to enter. In addition, a shark-fin was seen indicating it was going to rise. SL 15 pips below Trade Open (7 pips below...
GBPUSD Short - Direction: In a Bearish Cycle as it has not reached the H4 OB, and Bearish Momentum shown on the H4. Entry: RR tracks bounce off the 200 EMA, with divergence. RSI on the M15 also showed that the pair was overbought and was due to drop soon. SL 25 pips above Trade Open (just above 200 EMA), and TP 47 pips below Trade Open (just above YL).
AUDUSD Short - Direction: Multi-Session M PFH (peak formation high) on the 23rd-24th, and then 1 vector drop down into level 1. In addition, I see bearish momentum on the H4 and H1 time-frames. Entry: Dotted line on chart indicated the high held throughout the day (as no candle closed above), and the candles respected the 200 EMA, and did not close above it....
USDJPY Long - Direction: Has been in a Bullish cycle for 3 1/2 days. Pair was showing bullish momentum on the H1 and H4. Entry: Double Bottom pattern formed at H1 OB (can be seen on the M15). Divergence and shark-fin shown on TDI, with the RSI line also crossing the Signal Line, giving me a confirmation. Furthermore, entry candle closed above 13 EMA, which gave...
AUDUSD Short - In a bearish cycle on the H1, at level 2, where the momentum is still bearish. Therefore, next possible buy zone is at the bullish OB @ around 0.681. The chart on the M15 showed a Double Top formation indicating resistance (cycle is bearish), as price would not break that point, then the pin off the 800 EMA confirmed the trade which was opened on...
according to our Unum Trading Desk analyst, Lester Davids, "TKG is making a triple break: the 50dma, 200dma and nearly through the downward trend line. "
Lester Davids, Trading Desk analyst at Unum Capital is cautious of BID at current levels (R303.64)
- Price currently testing overhead trend line resistance
- While we are yet to see the closing price, we currently print a bearish engulfing candle - potentially similar to the prior tests of resistance.
Flash note on PSG from our Unum Trading Desk analyst, Lester Davids.
"Around current levels, PSG is showing a technical willingness to break above the resistance level of R235, which is just below the 200-day moving average. The price has started to make higher lows and is trading above the 21 and 50-day moving average, both of which are pointing higher. With the...
A short technical note from our Unum Trading Desk analyst, Lester Davids.
"On the Brait (BAT) chart, following the test and breakout of the downward trend line, the price has given us a small 3-day pullback, with a positive close yesterday. The RSI is starting to move out of oversold territory so there could be a potential buy/long opportunity on the share .
A...
Trade with caution on DCP, warns our Unum Trading Desk analyst Lester Davids!
"The upward price momentum is strong however we trade just above the 200dma as well as at the prior support that was in place from November 2017 to May 2018. We also have an open "gap" at 3525c from the "gap" down on 4-May.
The share now commands a 42 P/E .
I advise caution on any...
