JSE:BHP has broken and closed below an 8-bar ascending support level. I will wait for it to confirm, but looks good for a short position.
JSE:AMS has formed a bearish engulfing pattern at resistance levels. Looking good for a short position
After a very successful long trade, JSE:AGL has now formed a bearish harami signalling a short. I will wait for this to confirm before entering.
JSE:AGL has broken out of a parallel channel that it has been trading in for almost a month. I have entered a long position due to this breakout as well as breaking higher that the last fractal
The pair is trading within a 1D Channel Up (RSI = 56.302, MACD = 0.105), currently on its Higher Low zone (Highs/Lows = 0.0000). This is an ideal opportunity to go long on the next +5% leg. TP = 15.40000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BTCZAR Is up 200% from early this year. Testing resistance in 140k range. Indicator still to cross zero. Looks like more upside for BTCZAR.
We can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt. In this game if you rush into...
JSE:MRP has broken through a descending resistance, but it might struggle at the resistance level around 20000. If it breaks through this level convincingly, I will consider a long position.
JSE:LHC has broken through a descending resistance line which is also at a support level. I will enter a log position if it breaks through the fractal which is looking quite promising.
JSE:DSY has broken out of a symmetrical triangle in conjunction with a break out of a descending resistance line. There is also a fractal that has formed on the top of the candle of the 30th of May. If it breaks through this level of the fractal, I will consider a long position.
JSE:CLS has formed a bearish harami which is a reversal signal. The last harami didnt play out, so I will wait for a confirmation before possibly entering on Monday.
JSE:AMS has broken through an ascending support line and formed a bearish harami pattern. We will be looking at a short position, but be aware of the support level around 73000 as it might stall there for a while before finding direction again.
JSE:BVT has broken through an ascending support level and is looking good for a short position once it breaks through the fractal level of 5th of June.
Hi All, USDZAR is in a downtrend. I think is worthwhile to watch this chart and find the correct short entry. What are your opinions? Greets,
JSE:CLS has formed a bearish harami and is looking good for a downward move.
JSE:VOD has broken through the top of a sideways channel that it has been trading in since the 24th of Jan. It has broken out and confirmed the upward move by closing out of the channel twice. There is also a gap that will most likely close. Just beware that it might find some resistance at gap close.
JSE:CPI formed a piercing line pattern with Friday's close which is a bottom reversal signal. After a preceding downtrend, the green candle opens below the previous day's close and above the middle point of the red real body. It is a bottom reversal signal, but the candles MUST be different colours.
JSE:SHP is showing a piercing line pattern which is a bottom reversal signal. If it continues up, I will enter a long position.