Currently trading within a sideward to gradually downward range in the form of a potential bull flag structure. The monthly pivot is 19.78 i.e. the key level for an upside break. Traders should also monitor the downward trend line which extends from the peak of 05 January at R21.74 where a break could signal a change of trend from neutral to bullish.
The World Bank agreed to disburse a loan of 454.4 million euros to help South Africa buy a coronavirus vaccine. South Africa's Ministry of Finance and Banking confirmed this news in a statement. South Africa is recorded as the country with the highest number of coronavirus cases and deaths from Covid-19 on the African continent. There are more than 3.9 million...
Crude Chart pattern shown for suggestions I expect a LONG in the end, perhaps a transient pullback first.
We could be dealing with Bearish Triangle As price may heard down to test the 19.07593 demand zone before Going up.
Buying possibilities on GBPZAR: Reason being : the market has a broken Bullish Channel/Bullish Flag and it is currentley forming a counter trend and it is at a well respected support level . This is a confluence because there many conformations of buying pressure .
TECHNICALS Major support retest Fundamentals ZAR demand concerns Unstable oil price creating inflation in ZAR
Looks like going up, price has formed an inverted head and shoulders pattern, BUT we still need to wait for break and retest of neck line.
GBPZAR has came to retest our previous.looking for good buying opportunities
as we can see GBPZAR came back to retest our order block so we are looking for buying opportunuties.order is already triggered experiencing apush to the upside.
Gbpzar formed an order block.so looking for buying opportunities
Bullish Gartley pattern completed, harmonic confluence with support trendline, expect bullish pump in price action
GBPZAR Consolidating between R21.50 and R20.70, Buy or Sell breakouts of trendlines, using supply and demand technique.
Daily: 1. Overall predominantly bullish pressure, However, no new structural formations have been created towards the upside. 2. Repeated failure to break above the price around 21.3092 suggests no added long positions. Traders could be closing their positions which are causing the current price drop. 3. Price failure to break...
GBPZAR on the 4h chart is trading above a minor support. According to Plancton's strategy If the price will break below and satisfy the ACADEMY rules we wills et a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...