Jacques_du_Randt

Jacques_du_Randt

Here with GBPCAD i am looking for a possible swing trade. Looking at the H4 chart, I have marked the blue area as the most recent high that was formed. We have also failed to make a lower low after this high was formed, which indicates a possible trend reversal. We have already had a H1 candle close above the blue area, however I am looking for an H4 close above...

Jacques_du_Randt

NZDCAD has has just broken through a major resistance area. I'm expecting a pullback into this area after which i will be looking for buying opportunities. If we do pullback into this area, i will waiting for any signs of rejection by looking for bullish candlestick patterns. I usually look for these candlestick patterns ion the H1 chart. Any signs of rejection...

Jacques_du_Randt

EURNZD we have just broken through a key level marked out by the green zone. I'm expecting price to retrace back into this level and retest it as resistance. I will be keeping an eye on this paid for the next few days to see if we get the pullback into the flipzone where i will be looking for selling opportunities to continue the move down. What I will be looking...

Jacques_du_Randt

After the inverted Head & Shoulders pattern has been completed, I am expecting a pullback into the neckline which is also a daily flipzone. Remember that no trade is guaranteed no matter how good the setup look, therefore you should always have good risk management. Once we reach the buy zone i will be looking for any bullish candlestick patterns.

Jacques_du_Randt

EURUSD we are creating higher highs and higher lows on the Daily, which indicates that we are in an uptrend, so we are looking for buying opportunities. However we don't want to buy just anywhere. Buy low & Sell high. Prive has just reached a sensitive point from where we saw a major rejection around 2 months ago. I am expecting price to create a retracement from...

Jacques_du_Randt

Here we are in an uptrend and we are creating a pullback in the form of a bull flag. We have a daily flipzone in the green area which also lines up with the 61.8 fib level. At this level i will be keeping an eye on price action to look for possible buying opportunities. No confirmation = no entry

Jacques_du_Randt

With AUDCAD we are currently making higher highs and higher lows on the Daily and H4 charts, which means that we are in an uptrend. Since we are in an uptrend, we will be looking for buying opportunities only, as it is always better to trade with the trend, rather than to try and catch tops and bottoms, because that is an easy way to blow your account. We are...

Jacques_du_Randt

GBPCAD Has been in a downtrend on the daily for a while now. If we look at the H4 we can see that price has pulled back into a flipzone (Support turned into resistance). I will watch price action at this level and look for possible entry opportunities on the smaller timeframes such as the H1 to short the market and continue the downtrend. If I see no candlestick...

Jacques_du_Randt

If we look at the daily time frame, we can see that price has formed a pennant. We have 2 possible scenario's, either a break to the upside or a break to the downside. Even though this is considered a bullish pennant, I like to keep an eye out for both possibilities to see which one plays out, if either of them will play out. I would look for a break of the...

Jacques_du_Randt

With GBPCHF we have created a double top on the H4 chart. I am now waiting for a pullback into the neckline (blue box) in order to look for a selling opportunity. I will be looking for bearish candlestick patterns as confirmation of a bounce/rejection on the smaller timeframes such as H1 or M30. No confirmation = No entry

Jacques_du_Randt

We have recently created a higher high on the 4 hour chart, which indicates that the bull are in control. I am expecting a pullback into the flipzone support level (Blue box) where I will be looking for buying opportunities. This also lines up with the 61.8 fib level. It is important to look for bullish candlestick patterns on the smaller timeframes like the H1 or...