JSE:MRF is currently at an area of value; 200EMA level and a support level. The 200EMA is pointing up; it's reasonable to anticipate a support here. At current price, this is a potential 1:4 risk to reward swing trade.
JSE:DSY found support on the 200 day exponential moving average. It's now back above the 50 day exponential moving average. At current price, it can be a swing trade with 1:2 risk to reward.
Retest of previous support, going short in line with current trend
Hecla Mining is in a fairly new upward trend and is now at the bottom of a rising trend channel. I would be looking to buy if the stock price can cross the small black bar - that is around 6.5 USD. It benefits from increasing silver and gold prices (which is seen in the increasing net income) and the company is the largest primary silver producer in the U.S....
Predictions for EURJPY. Looking for retest at 130.60 and bounce at 61.8% fibonacci level and then continued bullish movement.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for BOEING, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
On the 1hourly chart, NZDJPY shows an AB=CD Pattern, this is not the usual harmonic pattern I will be trading, but why now? Well, on the 4-hourly chart there is a head and shoulders formation, having the long shadow candle close or some may know as pin-bar isn't enough for me to engage the trade. I'm using this as a trend following technique and I'll wait to...
USDJPY has a confirmed descending triangle setup, I will be waiting for a retest on the trendline for a trend trading and trend following trading opportunity. A break and close above the trendline will invalid the trade.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for EURUSD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
The S&P 500 continues to trend well and has been making use of the 20 and 50 simple moving averages as support. On April 1st 2021, price finally broke above $4000 which was anticipated to be a potential strong level of resistance. Price broke through with ease, forming a linear move to the upside. A pullback is due as price has seen a nice move upwards, so some...
Palladium should not be ignored even if there are strong moves happening in other markets because this commodity has the potential to trend well long-term. The trend between January 2016 and February 2020 saw a 542% move to the upside allowing for the accumulation of simple profits during that period. As expected, price went into consolidation following such a...
DXY (US-DOLLAR-INDEX) is re-testing the trendchannel and a strong resistance again 👉 Have you noticed the S/H/S-Pattern for EUR/USD in the 1-Hour-Chart? It could be completed when DXY reaches the zone and could provide us an opportunity to buy the DIP of EUR/USD. Additionally, SPX500 is showing a strong bullish orderflow (but weak volume)... if it breaks the...
Consolidation around 1.2000 has given way to the anticipated break higher, with rising intraday studies prompting a break to the 1.2035 Fibonacci retracement. Daily readings are also positive, and weekly charts continue to improve, highlighting a more robust tone and extension of March gains towards the 1.2115 retracement. Meanwhile, support is raised to...
1T Market Cap was reached violently, topped at 1,117T, in three weeks starting from 577B on March 25th. The option of an accumulation area at this level is now reasonable. February ATH 700B was followed by a month and a half of retracements and accumulation. Now the RSI is in overbought area as well as in February in the daily chart, but the weekly chart is still...
I use Total Crypto Market Cap Exclude Bitcoin as one of the most important indicator to optimize my exposure on altcoins. It's a great tool that should always be considered. Where will it top at the end of this bull cycle is the topical question. But my question is how much this new market will be able to erode the market cap of traditional financial markets.
Although Bitcoin is also creating new all-time highs, Ethereum is showing more momentum over the last few days. From December 2020 to February 2021, Ethereum moved up over 300% before going into a period of consolidation from February 2021 to earlier this month. The resistance for the consolidation zone was around the $2000 round number. Following a breakout to...
The journey to $4000 was a fairly smooth one from the start of this year and the S&P is now trading comfortably above this level. $4000 has now switched from resistance to support. We have seen a nice clean move to the upside over recent days, so we can expect to see a pullback before a continuation. Price has the 20 simple moving average which coincides with...
This would be my first ever Trade Idea Published. I'm still learning the Smart Money Concept, however, I saw this trade opportunity out of many others I'd been watching, and it just sticks out to me. PRICE FILLED 50% 1H OB, I WAITED FOR THE RETEST. I SPOTTED SOS (Sign of Sellers) stepping into the market with a strong momentum