Michielfourie89

Michielfourie89 Updated 

It's Been a Long Time, Glad to be Back! 🚀 Hey TradingView fam! After a long hiatus, I'm excited to dive back into the charts with you all. Today, my focus is on the JSE Top 40. With upcoming elections in South Africa and approximately 130 other countries going to the polls this year, we're bound to see some market volatility. But will this lead to a bear market?...

Michielfourie89 Updated 

📅 Monthly/Weekly Chart Outlook: Expect some ranging movement in the upcoming sessions. 📉 Recent Price Action: This morning, we saw the previous week's low being swept, taking sell-side liquidity. For those unfamiliar, sell-side liquidity refers to the stop-loss orders and sell orders accumulated below a previous low. When these are triggered, it provides the...

Michielfourie89

The clock is ticking as we approach the 6pm deadline Friday for Anglo American PLC to respond to BHP Group's takeover bid. This is a significant moment for both companies and the mining industry as a whole. Let's dive into the charts and analyze the current situation. Daily Timeframe Analysis 📉 Looking at the daily chart, the price of Anglo American PLC has been...

Michielfourie89

As the South African elections draw near, there's heightened anticipation about potential political shifts. However, substantial changes are necessary for the current government to be unseated. In this context, the USDZAR is approaching a critical demand area between 17.42-17.88, where buyers previously stepped in. This zone could be a pivotal point for bullish...

Michielfourie89

Hey traders! 🌟 Let's dive into the fascinating world of the US 10-year Treasury yields and their ripple effects across the financial markets. Buckle up! 🚀 The Bond-Yield Symphony 🎻 US 10-year yields are like the heartbeat of the financial markets. 💓 When they move, everything else follows. Here's a quick rundown on how these mighty yields impact commodities,...

Michielfourie89

Overview: In recent trading sessions, the Canadian Dollar (CAD) has displayed weakness, particularly since encountering weekly supply levels. However, there are indications that the CAD might be poised for a turnaround, especially as it approaches a daily demand zone. Analyzing the charts, we observe a potential opportunity for CAD strength, with key technical...

Michielfourie89 Updated 

Explore the correlation between the price fluctuation compared to how the sentiment has evolved over the past months. Sentiments below the 35% or above the 65% thresholds, combined with a price moving in the opposite direction, could imply a contrarian signal. Time to sit on the side here

Michielfourie89

We have no Cot Data this week, report hasn't been released. Ill await new fresh data and sit this week on the side line wait for price to come into my zones.

Michielfourie89

We have filled an important Fair value gap on the daily, its time to be neutral and wait for a break of either side. And trade a possible range. Looking at seasonality if the USD comes back into a bullish sentiment we could see big sell off here. Its time to sit back and watch the show

Michielfourie89

Oh dear, Equal highs has been taken, a Bearish supply zone has been hit. Let's see retail traders start Selling here, as they are net short before NFP. I expect price to break supply here, let's wait and see. We can also see on the COT report massive shorts on the Vix being added last week, which should mean that we wont see any risk off sentiment for sometime

Michielfourie89

Oh dear, Equal highs has been taken, a Bearish supply zone has been hit. Let's see retail traders start Selling here, as they are net short before NFP. I expect price to break supply here, let's wait and see. We can also massive shorts on the Vix being added last week, which should mean that we wont see any risk off sentiment for sometime

Michielfourie89

Based on Seasonality the USD could see a rally during the start of February based on 25 years of Data, Reasons for this is shifts in money rebalancing of portfolios, Tax Season etc. DXY has liquidated the lows, should we start establishing a trend on H4 ill short my bias to getting back long on USD and short on stocks and gold.

Michielfourie89

Bullish trend is intact on the daily and weekly, Pirce has come into demand had a choch on the 15min chart. We have equal highs at the top, Retails traders stop losses above the highs, we can see a stop hunt and then some consolidation. I'm long and strong

Michielfourie89

With news pending, in 30 minutes. Will not execute another trade for the day, tomorrow is setting up for a beautiful swing trade for next week.

Michielfourie89 Updated 

Trade Active entered on the 1min, 1 hour before BOE announces interest rates small trade here

Michielfourie89

Monitoring Price action here , If price shift bullish in the FVG ill execute a buy order

Michielfourie89 Updated 

Our contrarian indicator detected a shift in the client sentiment. After the majority of traders were selling the market for many consecutive days, a change in the sentiment has occurred and the bias shifted to long and continued to remain so for the past days. In combination with the price moving downwards, this creates a bearish indicator.

Michielfourie89

Monitoring price here to see the reaction of the FVG made yesterday a break above to remove supply ill place my 1st order for the day