Teboho_Thato_Moloi

Teboho_Thato_Moloi

Simple breakout of range to the downside. Prices are back for a retest giving us an opportunity to look for sells.

Teboho_Thato_Moloi

Prices have been respecting a weekly channel and has yet to retest the uptrending resistance. This gives reason to speculate more bullish price action in the coming days. In this H4 analysis however, a short term drop in prices is expected as illustrated in my analysis, which is to be followed by a sustained bullish move towards the weekly uptrending resistance....

Teboho_Thato_Moloi

Simple but effective setup - XAU broke a weekly zone a few days ago and is currently back for a retest. This is a textbook opportunity to go long since we are in an uptrend and the trade is long term in nature. No need for Fibs, harmonic patterns, and all that other crazy stuff. Keep it simple, the setup is clear. Wait for entry confirmation and enjoy the upswing.

Teboho_Thato_Moloi

Simple break and retest of a daily zone. Entry upon rejection on smaller timeframes. Prices have been respecting the uptrending support and furthermore, we recently broke a monthly resistance with a retest and rejection. Such a setup on the Monthly should indicate a long term direction.

Teboho_Thato_Moloi

Prices are nearing a weekly resistance which will likely get retested. Daily chart shows us a clear uptrend with prices playing in a range suggesting that a breakout is imminent, likely towards the upside given that prices are nearing the uptrending support. Should the setup prevail, the bulls could hold buys for days.

Teboho_Thato_Moloi

Prices broke major weekly zone, and over extended downwards without retest. Possible retest of the aforementioned weekly zone if prices reject at this daily zone. Should prices present structure on H1 to go bullish, it would be a high probability.