When we moved lower, I thought am wrong, but the SL 18.8350 has not been violated. The market is side ways for the pair, but think considering GOLD think we have a chnce first to see higher levels. Strategy BY @ 18.8650-18.8900 and place SL below 18.8125 now and take profit @ 19.1150.
Even though the pair may descend later again, the current state is attempting higher levels. I feel we may see 19.10-19.15 area before we will see lower levels. I would prefer with a positive stochastic, and also the room we have higher, to BUY instead. Strategy BUY @ 18.9650-19.0000 and place SL below 18.8350 and take profit @ 19.1250 for now.
Longsss babbyyy -break, retest and continuation of falling wedge -Right shoulder and within session -my FXBook correlation
The pair is poised to move further south. The stochastic remains negative, and we have retreated from the GANN resistances as shown on the chart. Strategy SELL @ 18.8850 -18.9150 and place SL above 19.0500 and take profit @ 18.7350 for now.
USDZAR SEE A POSSIBLE BUYING OPPORTUNITY AS PRICE APPROACHES OUR BULLISH ORDER BLOCK. just above our order block we see that price left an imbalance that needs to be filled. USDZAR:POSSIBLE BUYING OPPORTUNITY
Based on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI. A Top was created in February 2016. Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here. Based on my TA, from November 2023 till 22 January 2024 we were in a...
Dollar is gonna be weak this week so we looking for bears on usdxxx and bulls on xxxusd
Using the EUR/USD currency pair, we will provide an example of how and when to buy or sell forex. Let’s say you want to buy the EUR/USD. If the EUR goes up in value relative to the USD once the trade is sold, you could have made a profit (depending on commission and other fees). A trader in this example would be buying the EUR and selling the USD a...
I suspect we may see lower levels again, as we are reaching high GANN levels again. GOLD is likely to recover due to the expected move higher of crypto's short-term. After all, they all had a steep fall. Strategy SELL @ 18.9950-19.0350 and place SL above 19.1250 (give it room) and take profit @ 18.7150 for now.
Here is a good Risk Reward Trade. I am looking at a Wolfe Wave/Geo Wave by @4xForecaster . Divergence on all the Time frames. This educational . Please trade your own Rules and Trade what you see.
The pair has moved higher as expected, and now we are at a cross road GANN resistance around 18.9500 area. The stochastic is positive, but am not convinced for move higher as yet, unless we break through. I prefer to stay side-line based on the chart. Will update if there are changes.
Price has potential to move higher upon the retest of the hourly bullish orderblock which is inline with the ICT OTE. Wait for lower timeframe bullish price action to confirm the move.
One of my least symbols to trade, but here I am today, this pair is currently trading in a box pattern. Technically I'm currently bearish waiting for my second entry at fib level 38.2%
The previous update worked well, and we did respected the GANN resistance very well. Now we are nearing the GANN support @ 18/6200 area. The pair is under pressure still and we may see a test of the GANN support. For now, it is a try-out BUYING near the GANN support with tight stop loss. Strategy BUY @ 18.6150-18.6350 and place sl BELOW 18.5800 and profit order...
The pair has climbed back into the blue wedge after finding support on the Feb 2024 low of 18.53. 18.97 is the rate to watch. A break above will allow the pair to test the top-end of the wedge again, resistance at 19.20. On the other hand, if the rand manages to hold the pair below 18.97 after the Fed decision to leave rates unchanged, it will allow the rand to...
The rand may be on the ropes today if it can't break below 18.78. Fed pause is also expected to shake things up and support the recent dollar strength.
On the daily price broke nicely through the descending triangle to the downside and traced back up again close to a supply zone. I may move my SL above the supply zone depending on the circumstances at the time. I believe we are headed for nice downward trend. Lets see
Normally i would be gravitated towards the higher probability setup of HHLL that is about to form and will reverse up there but as we can see there is a trend breakout and now price seems to be retesting. So what do you think.