mbongeninkala56

mbongeninkala56

Based on my analysis i see a buy that offers great RR .

mbongeninkala56

I think on bigger timeframes we are on a bearish trend and i think the short uptrend has been exhausted we can wait for a break out and sell.

mbongeninkala56

This is a clear uptrend . The double top pattern is distorted indicating a false doubke top pattern but a breakout in the side of bulls.

mbongeninkala56

Ger40 is currently siting on a strong support level hence a stoploss a 14433.82 and first tp of 14840.25 would be a great idea.

mbongeninkala56 Updated 

Gol has reached the same resistance level it reached on 9 march .....the supply zone might be great for us to go short , On a weekly chart that might seem like a double top formation .What do you think?

mbongeninkala56

You can set take profit at the resistance level or follow up with trailing stop for scalpers .

mbongeninkala56

there is a double bottom forming at the new support , probability is high for the support to hold and allow gpbusd to reach the resistance zone on the chart. Note this is not investment advice its just an idea