3 entries 1st pump and dump 2nd breakout 3rd retest profits taken as we move down
2 scenarios, awaiting confirmation 1. Bullish flag seems more likely to occur awaiting a successful break and retest for confirmation then long 2. Successful support break, which would follow previous analysis posted on this pair
WEEKLY REJECTION: DONE H4: HEAD AND SHOULDERS AWAITING BREAKOUT TARGET ON CHART
Weekly candle loses momentum and gives us a very bearish signal as Brexit negotiations bring a sour taste to the markets. once we have a close below last weeks candle and our Fed releases hawkish statements/data, our down leg will start and could bring a lot of pressure with it. targets are on the chart H4: A head and shoulders could form as we approach 1.304,...
Dollar index Even though last weeks candle closed very bearish, we have reached support and the week ahead with all the FED releases, could bring about a change in direction for our index. From Tuesday there will be a lot happening in America economically, which will bring a lot of volatility for this pair. During this volatility my eyes will be guarding the...
Range bound. fakeout at resistance now back to support Looking for a breakout in the future, could lead to a more interesting trade.
After breaking resistance, market has come back to retest the levels it broke which I see as good buy areas. South Africas economy is currently under a lot of pressure. Any break above 15.32 would be a key precursor that we are heading higher
H&S still underplay on weekly The right shoulder is interesting. formed a triangle which it later had a fake out from and has continued to hold 1.15459 as support and the trendline as resistance. For the rest of the week and the month, I will be waiting for the candles to be squeezed further into our support region and later break it, creating our bearish leg.
Gold broke good support around 1208 and came back to retest the region before moving lower. The pattern formed is nearing an end now as we struggle to move past 1198.48 giving potential to more down side movement. Watching previous levels for targets
Traded within the light blue consolidation. Reached the support that has proven its self on several occasions Bull leg coming
Bullish continuation waiting break out, targets set on chart