JSE:AMS has formed a morning star pattern at a support level. We can anticipate a small upward move.
JSE:VOD is showing an engulfing candle at a support level and is looking good for a long position.
JSE:BID ha formed a bullish harami and is looking good for an upward move if confirmed by todays price action.
JSE:ABG seems to be bouncing off of a support level at the moment as well as having broken through a descending resistance. We could be looking at a long move if it confirms.
We have seen ZAR very weak recently due to heavy RISK OFF and some weak zar data. I'm anticipating a RISK ON week which will see ZAR gain some strength, we, have weak PMI data during this week which will give us our prime level to sell I have 3 TP's set for this trade TP 1 - 15.17456 TP 2 - 15.02576 TP 3 - 14.64768
Use this as a guide to spotting the most important areas on the chart to develop your own setup Main items we see on the 4hs chart: a)Currently, the price is against a resistance zone + the higher trendline of the ascending channel (major reversal zone) b)Observe the Bearish divergence on MACD Histogram c)We need to wait for reversal signals before entering...
JSE:PSG is trading around quite a strong support level and it is very likely that we will see a bounce and a move upward as it has struggled on this level many times before.
JSE:TBS has broken through a descending resistance. I will enter long if it breaks through the fractal.
JSE:SLM is showing a bullish harami pattern at quite a strong support level. We could possibly be looking at a bullish reversal if confirmed.
JSE:MCG is currently struggling with quite a strong resistance ceiling. We could possibly see a small downward mve if it doesn't break through
JSE:BVT has opened on the other side of a descending resistance level which could signify an upward move if confirmed above today's high. There is a strong resistance level at 19000 so be mindful of that.
Setup. CHF weakness is certain. Nice short opportunity.
This is my idea the direction ZAR/USD is going to take . Due the economical situation is ZAR and spring compeing up the economy is going to start up again from the septembar . Recovering ZAR up 10 % while it is going to hit the resistance of the market , unless we see some surprising events from the White house. I am still new to this so my apologize if ...
JSE:REM has broken through a descending resistance level. If it confirms by closing above it at the end of today, we would be looking at a long position tomorrow.
JSE:NED formed a doji candle yesterday which means that the market has lost it's sense of direction and is vulnerable to change. Keep an eye on it and if it breaches around the 23600 level, I will consider a long position.
JSE:AMS has formed a piercing line at a support level. This could signal an upward move.
JSE:TFG is heading downward towards a very strong support level that it has tested 7 times in the past. As always, wait for confirmation, but we can possibly expect a bounce off support and a move upwards.