Howdy folks..after a good holiday break,im back now. Lost quite a few trades,but that's part of the game,my risk management still keeps me in.
Okay so i notice a huge HnS developing on the rand. It looks better on the weekly but i will use the daily to make for entry. The yellow zone will be by confirmation zone. I want the daily to break that zone then come back to test it. After testing if i get a satisfactory rejection pattern i get in gunz blazing. (operative word here being 'satisfactory'). My target area would be the the 13.88-14.00 zone, so the risk to reward on this trade could be very lucrative.
So lets monitor that movement,it could happen this coming week.
how is it a head a shoulders when the right shoulder keeps rising? seen many claiming this for weeks and they've been wrong every time
taftrader
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Hey ther....well tech analysis is never an exact science....it can be subjective at times. Having said that however the HnS im focusing on here is on the weekly,check it out from ther and get back to me.