Shingi_Lesetedi

Shingi_Lesetedi

Strong bearish trend since last November, price still seems to be searching for strong support. I'd look for confirmation buys at 34000's otherwise my bias is still short.

Shingi_Lesetedi Updated 

Overall trend is still bullish. Continuation longs at demand might result in price finally taking out 1830's. Have a look at silver, similar setup has already played out offering correlation confluence. Manage Risk Regardless your Play.

Shingi_Lesetedi

Price is in a clean uptrend and currently forming an expanding flag pattern. This pattern will be complete giving us either a double bottom or a false break lower. In any case we'll be looking for a break of structure on lower timeframes before looking for buying opportunities. I will update this idea once price enters the area of interest.

Shingi_Lesetedi

Price is in a healthy uptrend and has broken a monthly trendline, which if it isn't a false break we might see price push higher. The last swing high that was taken out could offer support in addition to the 61.8 fib. The corrective structure is yet to complete. I anticipate a new low in the small corrective structure before looking for potential buy opportunities.

Shingi_Lesetedi

Gold has broken structure and might be gearing up to start an uptrend. I'd wait for a correction to complete if we get one before looking for long trades.

Shingi_Lesetedi

When we look at the longer term trend, we can clearly see Gold is in a bullish state. The current corrective structure is either nearing its end or we might see a downtrend starting. My overall sentiment is still bullish however...if we look at the MACD we can see that there is clearly no divergence suggesting we might get another push to the downside so look for...

Shingi_Lesetedi

Nested corrective structures forming a larger contracting structure. Looking for entries on lower timeframes at 4, C, C Look for entries near 13654 Invalidation point: 13319 Long term target 1: 14430 Long term target 2: 14922

Shingi_Lesetedi

Price is reacting to a major resistance trendline and has broken out of a rising wedge and the 50ema. Shorts are favored to 1.29500 unless invalidated.

Shingi_Lesetedi

The head and shoulders pattern has completed on this pair and we can see how structure is being respected as well. Best place to buy is at the retest structure indicated.

Shingi_Lesetedi

Price has broken a very important key level and is giving good rejection candles which means the retest might be successful. This is a good place to place a low risk buy.

Shingi_Lesetedi

Clear break of structure, break of trendline. We also have a nice retest today with good rejection candles.

Shingi_Lesetedi

We could expect a breakout from the triangle pattern shown here. We have already seen a bullish impulse move that took out previous structure highs. Upon completion of the pullback we could see a longer term bullish move with corrections. We can also see a head and shoulders structure forming which upon confirmation we could see a strong rally.

Shingi_Lesetedi

AUDNZD completed a five wave structure breaking a daily support trendline. It is now finding support at a flipzone which could well be a reset that continues the bearish trend. I would have three positions scaling out at the marked fib levels.

Shingi_Lesetedi

Price has broken out of a rising channel and made an impulse to the downside. Look to sell the end of the correction down to the key support area marked.

Shingi_Lesetedi

EURCHF has broken out of a wedge pattern and is rejecting a strong support trendline. We can see an inverted head and shoulders pattern yet to complete giving us some more confluence.

Shingi_Lesetedi

A head and shoulders reversal pattern has completed with massive momentum to the downside. The correction is near completion and I'll be looking for a low risk sell at the marked zone. Bets off if 88.6 is broken and first target at 0.

Shingi_Lesetedi

Support Trendline Key Support Area Fibonacci Zone Oversold Stochastic

Shingi_Lesetedi

Gold has broken out of a wide triangle structure and has pulled back to a good value area for a low risk buy.