Currently, we're observing the price action of HAR. On the daily chart, a potential Cup & Handle (C&H) formation is taking shape. Recent action has caused the price to dip slightly below the brim, but a stronger break downwards move is needed for confirmation. Concurrently, there's the presence of a falling wedge pattern, suggesting the possibility of an upward...
Bitcoin seems to be completing the AB = CD harmonic pattern Do not forget Triggere for Trade. Do not forget Like And Comment.
Harmony is being pulled higher by the sector. However, there has been a significant volume in the stock indicating buying even though it may be lagging gold stock to be bought. With gold on the move, it could be time for Harmony to follow higher.
Harmony has had a large pullback but if we look at a lower timeframe we have a possible spring forming. Volume has increased as price reached the previous breakout level. There are better gold stocks to consider but it looks like even Harmony could take the next step up.
Harmony Gold has been the weakest of the gold stocks (see post below). Even after good rallies in the other gold stocks, Harmony has still not broken out of the trading range. Even thou it does not seem to be the first choice there is high volume indicating buying and price is getting ready to break out of the range.
All the gold stocks are actively being marked up (See posts below) but Harmony is only now starting. It was able to break the above the yearly pivot point and 200 day SMA today only. Anglo Gold ( ANG ) for example has already broken above the accumulation trading range but Harmony is only now completing the Spring and test of the spring.
New pairs trade from @Lester_Davids. We are buying JSE:GFI and shorting JSE:HAR ratio 1.6066. GFI is ex Div in two days (R0.60) so keep this in mind.
Here we are on GBPNZD daily chart and as we can see this market was trapped in wedge / squeeze pattern from December 2017 and now market has broken that structure and we have clear bullish trend continuation once again. we will be waiting for pull back on this key resistance zone 1.9690, look for bullish price action signals on this zone to get in longs. We also...
Lester and myself are watching a few of the South African Gold pairs
Here we are on usdchf daily chart and as we can see this market has broken squeeze pattern support and now market is pulling back towards that broken support. we will be waiting for bearish confirmation here as there are confluence factors gathering here. lets see how price action develop. safe trading!
Here we are on kiwi dollar daily chart and as we can see this market is in existing down trend and trend line also broken in the direction of this trend. we would wait for the pull back towards near by resistance area which is nearly at 0.6677-0.6719. We have good confluence factors here such as trend, price level and dynamic resistance layer. we will see how...
This is Aussie/Dollar Daily chart and as we can see, this market is in long term down trend and price has pulled back towards the trend zone which is also a broken old support near 0.7330 and now we can expect that market will turn and resume in trend direction once again. We have good confluence factors here aligning such as trend, trend level 0.7330 and dynamic...
Here we are on Aussie/Kiwi daily chart and as we can see price is approaching towards the crucial support area 1.0975 which is trend continuation zone as well. we have good confluence factors lining up here such as trend, dynamic support layer and horizontal price level. We will look for bullish price action signals in coming days for getting in longs. Let's see....
Here we are on Dollar/Yen daily chart and as we can see this market is playing in bullish trend. We are more interested in looking for buy long opportunities. so today we have a fakey setup pin bar formation above support barrier i.e 110.77 to 111.06. we have good confluence sticking together such as trend, support and signal. Let's see how it unfolds. safe trading!
As we can see this market has broken last support near 1.7600 and now market is pulling back towards this old broken support. we will be waiting and looking for bearish price action confirmation to get in shorts in this market as we can see confluence of dynamic resistance layer, trend line, broken price level is near by. we have good confluence factors centering...
As we can see on weekly time frame perspective this market has approached towards crucial support which is nearly at 0.8680 - 8619 and if we see daily we have Doji formation on this area on last friday session. This seem to be counter-trend view but market may respect that weekly crucial support and may reverse the trend. Lets see how it unfolds. safe trading!
Here we are on EURAUD daily chart and as we can see that last week this market get pulled back towards broken support level which is located near 1.5700-1.5650. we have obvious bearish pin bar on this new resistance level which is also aligned with confluence of dynamic resistance and trend momentum is now looking down as well... let's see how this market unfolds...
Here we are on Euro/Dollar daily chart and as we can see this pair is in range and if we zoom out daily chart we have long term bullish trend. On last daily session closing this pair had formed Bullish fakey setup with 2 bar reversal / Bullish engulfing setup. As for this trading scenario we have good confluence factors supporting it such as Bullish trend,...