JSE:TBS has been trading in a sideways channel since early November last year. It is currently at the bottom of the channel and seems to be bouncing off. We are aiming for the resistance level at the top of the channel.
Buy More :) . Everything on the chart you need to follow the trend . ) many thanks.
JSE:MTN has been trading in a sideways channel since late September 2018. It has now broken out of this channel, having moved up strongly the last few trading days. It is ready for a long position, and the target is the gap close. Also bear in mind that it could possibly retrace back to the support level and bounce before it goes further up.
JSE:RMH is in an upward trend and seems to have just finished with a retracement which bounced perfectly off of the 61.8% Fibonacci level. If my predictions are correct, it should continue in an upward move for a while all the way back to the previous high and possibly even beyond.
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USDZAR is approaching our first resistance at 6.88562 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 6.79766 (horizontal overlap support, 23.6% fibonacci retracement). Stochasticc (55,5,3) is also approaching resistance where we ...
Key levels to watch out for, please refer to our 4 hour chart for a strategic view!
With the break of the current resistance, USDZAR is set for 15.50 and a possible 17 later this year! The light blue structure indicates a possible formation which will delay the rally but will still be of bullish nature and have the same end result.
RSIMACD at previous resistance Daily candles looking trash Staying within channel FED is about to committ Go south africa woohoo
Since September 2018 this pair has been forming new lower lows and higher lows . As of now, there are many confluences that may show some further downside movement. the pair is reaching the 61.8% FIB, which is exactly at the resistance trendline. This would form a new HL
-WATCH FOR BREAKOUT -WATCH FOR PULLBACK (PA) PRICE ACTION - EXECUTE
Possible reversal on JSE:RNI because of the bearish harami that formed at the same level as a previous high/resistance.
I have entered a long position on JSE:RDF as it had formed a bullish harami on Friday which often signifies a reversal. It traded higher this morning and triggered my order. Aiming for the significant resistance zone around the 1050 area.
Stop loss and targets are mentioned on chart.
JSE:ANG has formed a bearish harami which is a strong reversal signal. This could signify a change of direction to a downward move. There is also a gap to close that formed on the 20th of Feb. Gaps tend to act as magnets for the price and like to be closed. I have entered a short position and will look to close either once the gap has been closed or further down...
The pair is trading on a long term 1D Channel Down. With both 1D (RSI = 51.944, Highs/Lows = 0.0000) and 1W (RSI = 47.364, Highs/Lows = 0.0000) neutral, we have a strong sell signal on the Channel's Lower High. TP = 14.8000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly...
JSE:INL has formed a Cup and Handle pattern which is a bullish continuation pattern. "As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout...