Hi Everyone! My name is Sam and welcome to my first daily breakdown. In these sessions I'll be analyzing the 4 pairs on my watchlist GBPJPY, US30, USDZAR & EURUSD. Today I give a brief introduction to myself and my trading style which is an adaptation of ICT and then proceed to breakdown each pair. See bias below. DXY - Bullish. GBPJPY - Bullish, On watch for long...
I cannot be a seller currently, and have not been for awhile, but have been traveling as well and observed the movements from a distance. Now back, and judging GOLD which is overbought and still should recover back to low $ 2,100s I would expect our pair to reach 18.5750 again in the near future. It is hunting for lows, and this may remain until GOLD establishes...
I have seen the movements during my traveling, and surely it has moved lower than expected. this was due to prolonged strength in GOLD plus weakness USD. Now we are at the lower end, and I feel still BUY is the way to go, as GOLD still is expected to move much lower towards $ 2,100.00. Strategy BUY @ 18.1650-18.2100 and place SL below the previous lows. Profit...
With a confluence of bullish divergence USDZAR is making a falling wedge pattern, that is highly likely to break-out a strong bullish move.
Hello Focus of the day is the USDZAR pair. I am looking for a buy in this pair * Ending diagonal (structure) * Expanding flat formed * Liquidity ( equal lows and some gaps taken) * MACD DIVERGENCE * Impulsive move expected Entry :18.00 (ORDER BLOCK ZONE) Stop Loss: 17.42 TP1 : 19.00 (GAP) TP2 : 19.69 (GAP + BREAK OF TOP TO COMPLETE STRUCTURE)
USDZAR WEEKLY chart We have been in a bullish trend and price made a new all-time @19.92392 high which is relevantly close to the pre.high @19.35768. Price is currently consolidating at this price level of pre.high area. We now have to pay attention to price behaviour at these minor swing areas for signals to take trades from. We have two key HL areas to look for...
we are more likely to see Rand de-appreciating, this coming days, we might rally up to R20
I am expecting this pair to shoot to the up side, since the price is currently on my major level and aside that, if you can also see the pattern I am seeing then we should be having same bias {H&S Pattern}. Here is just my point of view, not meant for anyone to comply with.
No change of view really. The daily chart (not shown) suggests we may see move back towards 8.5750 again. The 4-houlry is battling moving higher, but coupled with the precious metals recovery down, I would see 18.4350 for 4-houlry possible for now. Strategy BUY @ 18.1650-18.2150 and take profit near 18.3950 for now. SL below 18.0750 I feel.
USDZAR has been bearish for quite some time now, breaking several structures downwards too. On both the weekly and daily TFs you can see some imbalance downwards which seems to be attracting the price further downwards to demand. From what I can see on the 4H - price has actually respected previously created blocks, especially after the most significant break...
USDZAR in the blue zone looks like usd has to gain some strength
The BUY strategy has paid-off and indeed we move north swiftly due to the precious metals corrective action. In how far this may go, will provide guidance on our pair. My feeling is stochastic is extending far out, but it is possible, we may move little more higher towards 18.35-18.3900 area before a decline may set in again. Strategy SELL @ 18.3650 - 18.3800...
Despite the South African local election being only 14 days away, speculation of U.S. interest rate cuts over the last two months has supported the rand momentum. We're approaching a crucial level at the Fibonacci retracement, but a reversal may be unlikely given a widening USDZAR carry trade and a disinflationary U.S. environment, which will support the ZAR's...
USDZAR will gain strength due to the DXY gaining strength an the AXY losing momentum
Our bullish detup failed so we look to continue with the strong downtrend until further change. We have equal highs and a supply zone with fvg. Goodluck
Nothing much on the fundamental side but we have the following: 1. Break of structure x3 2. Big Bullish candles 3. Demand that broke structure 4. Fair value gap 🤝Trading is risky and the setup might fail. Manage trade well.
Nothing much on the fundamental side but we have the following: 1. Break of structure x3 2. Big Bullish candles 3. Demand that broke structure 4. Fair value gap 🤝Trading is risky and the setup might fail. Manage trade well.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.