Price took out the Sellside Liquidity and trapped in all the sell stops. Brice then gave a clean B.O.S and also took out the relative equal highs just above. At this point I knew I wanted to go long and waited for price to come back belowe the equilibruim and fill the FVG.
POSITION
- Entry 1.01579
- S/L 1.01379
- T/P 1.02232
R:R
- 3.26
RISK
- 0,24%
-...
With last week's CPI report, price traded up substantially and created a big buyside imbalance. My bias for the week was for price to come down and trade into that imbalance and possibly the highs before it. As we can see price did that and that was when I started to look for entries to target new highs. Price broke structure and gave us an FVG on the 15m to enter...
Price broke structure on the LTF and gave us a FVG to enter from and go long. I am targeting a 30m FVG
POSITION
- Entry 0.63651
- S/L 0.63541
-T/P 0.63971
R:R
- 2.91
RISK
- 0,13%
- $1,1
- 11pips
REWARD
- $3,2
- 32pips
- 0,4%
CONFLUENCES
- Break Of Strucutre
- 15 FVG
- 30m FVG
Price broke through yesterday’s high and continued to form an HH, that told me price want’s to go higher and should come back to form a LL and give us an entry.
POSITION
-Entry 0.64361
- S/L 0.64240
- T/P 0.64750
R:R
-3.25
RISK
- 0,15%
- 12pips
- $1,2
REWARD
- 0,48%
- 39pips
- $3,9
CONFLUENCES
- Broke previous daily high
- Flipzone
- FVG
- 61.8%...
Price broke structure and then gave us a FVG(price imbalance) as well as a flipzone, therefore I saw the opportunity to go long once we came back to those levels.
POSITION:
-Entry 0.64128
-S/L 0.64048
-T/P 0.64342
R:R
- 2.69
RISK
- 0,1%
- 8pips
- $0.8
REWARD
- 0,27%
- 21.5pips
- $2.15
CONFLUENCES
- 30m Break Of Structure
- Flipzone
- 38,2% Fibbonacci...
All three of our momentum indicators have crossed downwards on JSE:ANH . Our target level is 787, but failing that, I'm sure we will get to the previous lows at around the 805 level.
With today's price action we have been triggered short on JSE:BTI . If this momentum continues and it breaks through the 665 level, we could see it reaching our target at around the 600 level.
I want to say "control C and then control V" from the US30 analysis but we are not parents that believe all their children are the same. They may have similar traits but they are not the same.
Zoom out and you'll see that the current phase is a correction after the touch on the BLUE LINE, it impulsed up and is now correcting. We are waiting for impulsive candles...
This muscle called the heart sitting behind my sternum, is about to break my sternum because of emotionally filled answers and observations. It wants the market to break down and keep falling. So let's do the money thing and put it aside and let the brain take over.
We only have one confluence
1. Channel within a channel
Due to lack of confluences, we will...
My heart wants to forecast but knowing that muscle, I'm gonna follow logic🤣🤣.
1. Double top (M formation) on the 1H chart
2. Correction of the bigger trend
3.
There is no 3rd confluece as of yet, so WE WAIT BEFORE WE SET OUT ORDERS
We have entered a long position on JSE:WHL based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 63.50 level which coincides with the highs from September 2021.
We have entered a long position on JSE:REM based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 154 level which coincides with the highs from March 2022.
We have entered a long position on JSE:CPI based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 230 level.
Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South...
Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia segments. It operates coal mines; and develops and manages upstream interests in oil and gas exploration and production in Mozambique, South...
An upward trendline ahs been broken on JSE:NPN as well as the stochastic and MACD both turning downwards. This could mean that we could be seeing a downward move if it breaks lower. Be cautious, though, as the markets have been extremely volatile lately.
