Hi Everyone! My name is Sam and welcome to my first daily breakdown. In these sessions I'll be analyzing the 4 pairs on my watchlist GBPJPY, US30, USDZAR & EURUSD. Today I give a brief introduction to myself and my trading style which is an adaptation of ICT and then proceed to breakdown each pair. See bias below. DXY - Bullish. GBPJPY - Bullish, On watch for long...
Despite the South African local election being only 14 days away, speculation of U.S. interest rate cuts over the last two months has supported the rand momentum. We're approaching a crucial level at the Fibonacci retracement, but a reversal may be unlikely given a widening USDZAR carry trade and a disinflationary U.S. environment, which will support the ZAR's...
Here are some trend trading ideas 1H tade idea BUY AUDUSD BUY EURUSD BUY NZDUSD SELL USDCAD BUY AUDNZD BUY AUDJPY BUY CADJPY SELLL EURNZD
The rand has surpassed my expectations recently and reminded me that the USDZAR pair tends to take the stairs up, and the elevator down. The risk-on swing last week allowed the rand to keep the pair below the 200-day MA resistance rate of 18.80 which saw the pair fall back onto the psychological rate of 18.50. The downside break out of the blue wedge thus...
Looks like and incomplete double top structure ahead of NFP. Tricky
The long-term trend is still bullish with what looks to be a completed complex correction (WXY) on the primary count ... Do you think the US Dollar has the legs to break out?
USDZAR has been consolidating on HTF's we are currently at the low of the range hence we are looking at taking advantage of that and take long positions as we target the high of the range and potentially breakout to the upside as we expect the Dollar to gain strength and Gold to drop in value.
we are currenl breaking out in 1hour time frame to the upside.
I have been traveling, but have seen the enormous movements of the pair. The pressure to the downside is extensive, but as I have been promoting for awhile, is the potential of a larger GOLD correction. Keeping that in mind, for now, we see a large range that is between 18.4000 - 18.7850 for now. We tried above 18.8000 and it failed, because GOLD failed moving...
Looking at taking long positions given that the the USD index continues with gain and GOLD drops in value. We are trading around the inner 4H/1H DEMAND AREA and we can see x2 Bullish reversal candle patterns from our 1H cahrt the Bullish engulfing pattern and the beraish pin bar. Now we are looking at a rally in price to our LTF supply area. We have to keep me...
Supply 19 Mqp Multiple rejections Brics deal South Africa leaving the US dollar Long term short
There's a huge possibility of the usd/zar instrument reversing for a fall at the 0.786 retracement level, our profit targets can be placed at 0.618 as TP1 and TP2 at 0.236 retracement.
Price is nearing oversold territory according to the MM lines, KC as well as stochastic RSI. We should definitely see a push up soon.
My trading model had the right SL and we can re-enter lower again around 18.8000 below. The RSI is oversold, and we are way below GANN angle levels as well. Sorry to state, and did not have the run down of course, but that is part of life. Other positions are fine, so we have to keep on tracking it. Strategy BUY @ 18.7650-18.8200 and place SL below 18.6150. we...
1. PSTG 1 was hit 2. PSTG 2 next to be hit 3. 100% Retest zone was respected
The USDZAR has bounced up aggressively after the major blue support range held its ground at 18.40. The pair climbed a full rand to 19.40 within two weeks after touching the 3-month low of 18.40. The red resistance range has however managed to come to the rand’s rescue which has allowed the pair to slide back below the downward blue trend line. The blue wedge I...
I had yesterday completely wrong, and it was because I felt GOLD should move lower, and it did not. It will of course move towards $ 2,100 over time, but not as yet as it has been holding its ground. The pair was stationed within the triangle, and the idea of moving higher, for later SELL did not happen. It happens and its a part of trading. Now we have a...