TebogoMSelepe

TebogoMSelepe

Gold is moving to the liquidity areas that were set last week Friday. A possible buy opportunity is the books as we see how price action acts in that area during the London and New York session.

TebogoMSelepe

GBPUSD has stop hunted and diverged at a key level with dollar looking to hit a resistance on the dollar index. We also have divergence on the H4 time-frame which brings strength and confluence to our bias.

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US100 and the entire market has been in the red the past two weeks, but now price has been testing the monthly lows of January.With a very negative sentiment in the news narrative with the Geo political events between Russia and Ukraine, this give more of a confluence for bullish action as this can be seen as FUD at a convenient level that price is at.

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A good intra-day short for GBPUSD on the test of the daily high. GBPUSD has also been consolidating a key resistant for the past few days and is due for a small bounce to the downside.

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ETHUSD is finishing its ABC correction and is close to the 0.702 retracement level. Minor support level also in distant and price-action will be key in regards to entry.

TebogoMSelepe

BTC is approaching 0.72 fib level after an ABC correction. Expecting a bullish continuation for BTCUSD

TebogoMSelepe

Gold is at a key resistant level after more than two weeks of rise. Price action has given favour for dollar strength after weak stock market performance.

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Eurusd has a continuation to the upside with a huge stop-hunt that came during the market opening. There is a good upside potential in the works on this pair.

TebogoMSelepe

Fed interest rate decisions are coming out later today witch could lead to some good bullish volatility. EURUSD has been held at this level for the past two weeks while respecting this level as support, lets wait and see how price plays out.

TebogoMSelepe

Gold has formed and head and shoulders pattern at a key level during a key time in the year. First phase of Basel 3 was implemented already on the 28th ofJune and now today on the 28th of July we have the Fed monetary policy statement and Fed interest decision witch could create huge volatility and price movement in Gold, lets wait and see.

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XRP has a potential recovery set up in the works has the B word conference is approaching later today. We'll have to watch as I believe some upcoming volatility is coming ahead during the last days of July.

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GBPUSD has just formed a bearish harmonic pattern witch could indicate a bearish direction for this pair in the coming days and weeks. Dollar has also shown signs of a short term bullish strength witch could lead to see some dollar strength in the next coming days.

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ETH is looking to make new all time highs on the break of the wedge. There is been a lot of buying volume and descending BTC dominance in the last few days as we are approaching the full on Alt season were we will see a lot of alt coins breaking new all time highs.

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This is a possible correction as XRP is forming a correction pattern and it likely to test that 0.73 level as it was a very strong resistance level. So 0.73 can be a good possible buying opportunity before XRP takes off to its all time high. We also need to keep in mind that the new head of the SEC Gary Gensler is going to be sworn in and seated on the 18 April...

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XLM has just retested the trend line after having a bullish break out last week. We call this the ''last kiss'' just before a huge break-out. The total altcoin market cap has also just broke out and reached new all-time highs and the bitcoin dominance chart is also looking bearish. This is when we can see an alt season and see a lot of money flow into the altcoin...

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We all aware of Ripple's law suit filled by the SEC. Allot of information has been released regarding the case and its looking strong for Ripple, we would have to wait for some positive news such as re-listing XRP on exchanges or a settlement of the case which is looking very likely. This is also conveniently compounded with the upcoming Alt season were XRP...

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Dollar is set to lose some strength on the technical stand point on the intra-day side. This will be a very interesting week ahead upon the FOCM Economic projections and the Fed's interest rate decision this coming week on Wednesday 17 March. The USA government has also passed the Stimulus bill which means more quantitative easing. The Fed chair has already stated...

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Bitcoin has reached the critical 0.702 fib retracement level. This is a key level that we could see Bitcoin make its final leg in its correction down to the the range of $37000 - $32000 price level before taking off to $75000 -$78000 price range. This correction will obvious affect the entire alt-coin market and cause a dip, but if history repeats itself after the...