A Bearish-type big Butterfly pattern may occur when exceeding 20.311. There is also a resistance zone at 20.382-20.553. (In this resistance zone, there was a rebound in 04 Aug, 21 Jul,...) Short after pattern generation and seeing the rebound. *Harmonic patterns and support/resistance zones are automatically detected using the indicators below. - Harmonic...
Obviously, But with predominant Downtrend. So, I dont think it will fly LONG. Either tabs opened anyways
With the expected weakness of GBP , I expect a sell off of GBPZAR after the previous impulse is corrected to the appropriate structural level in 3 waves .
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.
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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 .
GBPZAR went as excepted little above the zone we want anyone who took this trade please let me know on comment
GBPZAR LONG at 1.8939 Fundamentally ready keep on aye this one
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.