Kabelo_T_Nkosi

Kabelo_T_Nkosi

USDCAD Still on a strong downtrend towards the Support Line. It formed a continuation pattern on a very important zone. You can catch the retest to the downside if you missed the first entry, or look to add your positions. As always, Apply risk management and have fun ;) NB: Forex trading can be high risk. Take the setups at your own discretion. Signals are...

Kabelo_T_Nkosi

Welcome to the new week everyone! Hopefully everyone is ready for this week's roller coaster ride of fundamental news? As we look forward to this week's Interest rate decisions. The pound might take a bow against the Head and Shoulders pattern forming on the H4. The short thus finishing the left shoulder of the trade. Apply risk management and brace yourself for...

Kabelo_T_Nkosi

If you go back to my EURAUD Analysis I posted few days you will see that my overall bias for the EURAUD is bearish for quite a long time. This is where I project how the break away out of the consolidation will be. Catch the move early and have yourself a nice swing ride for the coming week(s). Have fun! NB: Trading Forex is risky, you can lose all your...

Kabelo_T_Nkosi

There has not been muc of action for the New Zealand dollar against the Pound this week. But there's a small accumulation period we notice on the H1 meaning the Pound does not have momentum to reverse the move made by the NZD earlier in the week. The momentum therefore is still bearish on this pair. Have Fun! NB: Forex trading is Risky. You can lose all your...

Kabelo_T_Nkosi

EUR/USD has been trading inside a triangle that has a high probability to break out bearish pending the coming ECB Interest rate decision today 26/07/2018 . The outlook might send all the Euro Pairs packing today (short) after an almost 2 months consolidation for EURO Pairs. Well some of us pattern traders, we are not complaining about the consolidation...that's...

Kabelo_T_Nkosi

The recovery of the Australian Dollar after almost 2 months of weakness against the Euro. The coming interest rate decision on 26/07/2018 will decide the make or Break of the Euro against all major currencies.

Kabelo_T_Nkosi

As the dollar loses momentum it had for the past 6 months of strength. It's retracing at the moment against various pairs. UsdCad is trading inside a trending upward channel and it gave good confirmation on the resistance line with a double tops, meaning it's going to test the support line at 1.29 levels and it might also break that.