SLO2 @ 24.40 ⏳
SLO1 @ 23.90 ⏳
TP1 @ 20.15
TP2 @ 17.75
TP3 @ 16.00
TP4 @ 13.25
BLO @ 12.50 ⏳
ADDITIONAL INFO:
🤔 If this HTF Curve Analysis holds on this 3H chart, then we'll have an opportunity to short
🏆 POSITION TRADERS: +45.70% or 111,500 pip OPPORTUNITY (max)‼️
✍️ NOTE: Each TP is a POC where we expect market participation to switch from being supported by...
The Chicago Mercantile Exchange's Commitments of Traders (COT) report for the week ending November 14, 2023, shows that there are signs of weakness for the British pound (GBP).
Non-commercial traders, which are typically hedge funds and other large institutional investors, reduced their long positions in GBPZAR by 4,735 contracts. This was the largest weekly...
seems like getting ready for downside breakout
formed ascending channel in daily timeframe and expecting downside breakout incase of successful breakout expecting bearish wave towards 21
keep eyes on for breakout
GBPZAR cup & handle pattern found as per 1H, it's already tp-1 achieved, still we can enter after break higher high up to TP-2 as marked. It's scenario-1, I will analyses bigger time frame 4H, 4h telling another story.
1. Go to the 1D time frame
2. Open chart drop down menu and select Point and Figure*
*Point & Figure below the 1D time frame is ONLY available to TradingView members that are subscribed to the Pro plan and above
3. Click on the SETTINGS wheel on the P2P INDi
4. Locate the DEFAULTS drop-down menu and select RESET SETTINGS
5. Click the INPUT tab
5....
The charts never lie!
I posted this trade alert in October 2022 with the massive Falling Wedge on the Weekly.
It broke above the R20.35 and it showed the next strong resistance at R25.00.
target will be R25.00.
I called it a long term analysis but changing it to a MEDIUM term analysis because of how quickly it's accelerated.
I guess we can only wait for the...
The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ).
Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator.
SL & TP Levels are defined.
Potential Bearish Entry
Dow Theory In Place - Lower High and Lower Low Expected in Place
Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern)
SL & TP Levels are defined.
Potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
Posting because at the moment, being South African, one of my favourites technically. Given the sad current bad state of affairs with corruption within South Africa, being recently Grey listed, the current almost collapse of Energy (Electricity) with Eskom in almost collapse whereby the country is facing daily energy cuts of up to 6-8 hours a day. How will this...
A bearish-type Butterfly pattern occurred.
If the price rises to 22.862, a bearish-type DeepCrab pattern could occur.
Also on the daily chart, bearish-type BlackSwan pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
![GBPZAR: ✨ P2P INDi [PRO] ✨ TUTORIAL ✨](https://s3.tradingview.com/c/CPaFdwYk_mid.png "✨ P2P INDi [PRO] ✨ TUTORIAL ✨")
