KatlehoMaleka

KatlehoMaleka

Clear cut Bat formation that has been completed, with a possible double top.

KatlehoMaleka

My last attempt at this pair, I have been shorting this pair for the last two months or so, but it kept going back up and stopping me out. But, I think I have been early before and this might be the right time to short it. More than 1:5 risk:reward ratio.

KatlehoMaleka

Bullish Gartley and Bat formation completed on USDZAR. Though it already moved away from the PRZ, it still provides a good risk:reward ratio of more than 1:2. Targeting R12.50s.

KatlehoMaleka

I have a bullish view on Swiss Franc on almost all the pairs. This is one of them. This pair seems to have been in an ABCDE correction and price has been rejected multiple times on the ascending trendline, and in my opinion the bulls are going to take over. Looking to buy this pair and hold it for the entire E leg.

KatlehoMaleka

This pair stopped me out last week on that bearish bat formation, I had my stop just above the X leg. But in my opinion, it is still valid and it still offers a good risk:reward ratio. Might short this pair as soon as the market opens, I'll just wait to see how it opens and take it from there.

KatlehoMaleka

Clear Bullish Gartley formation here. There has been rejection on the 78.6 retracement, and I will enter at current price. Risk:reward of 1:3.

KatlehoMaleka

Another trade on my watch-list and my favorite. This is one trade with small risk and huge potential reward, a possible 1:5 risk reward ratio. This pair is in a falling wedge on the higher time frame, and my entry will be this potential bearish butterfly that completes at 154.417, that's where my Sell Limit will be. Stop-loss just outside the wedge and TP at 148.797.

KatlehoMaleka

One of the trades on my watchlist. The bull run looks to be exhausted at the moment, with a possible Double Top and bearish divergence to go with it. My opinion is, a break of 1.20000 might trigger a further sell off, possibly to the 1.80000s, and maybe even further down to 1.70000s-1.60000s. I'm looking to sell the break of the neckline.

KatlehoMaleka

Fellow traders, Happy New Year. With that being said, first possible trade of the new year. Bearish Bat formation that is almost complete, hoping for a last push upwards to complete the bat formation and for it to fill me in. Nice risk:reward ratio of more than 1:2.

KatlehoMaleka

Fellow traders, thought this trade setup is worth sharing. Here we have a possible Bat formation and a nice falling wedge. I'll be buying this pair if it hits the 88.6.

KatlehoMaleka

Nice textbook cypher pattern on EURUSD, with a good risk:reward of more than 1:2.

KatlehoMaleka

This USDJPY chart looks good for a sell. We have the Extreme Bearish Harmonic Impulse Wave at an 0.886 retracement, although it went higher than that and retested the X point, it is still valid because it didn't break and close above it. We also have with an ending diagonal, with the clear Elliot waves inside it. It is also on a nice supply zone on the Daily...

KatlehoMaleka

Bearish Cypher completing in a nice resistance zone. If we do get a sell off, I'm expecting a huge one. There is also a possible Head and Shoulders, and could make a right shoulder where the cypher completes.

KatlehoMaleka

Again here with EURUSD, if the inverse Head and Shoulders on US Dollar works out, this one too will most probably work out.

KatlehoMaleka

If the US Dollar inverse Head and Shoulders is anything to go by, then we could see a sell off here to complete the 5th wave and also the major Double Top.

KatlehoMaleka

Here is the US Dollar index with a nice inverse Head & Shoulders, and at the moment it is currently breaking the descending trendline, which is the first sign of a possible end of the downtrend. The second sign of a possible end of the downtrend is the bullish divergence on the RSI. The final sign will be a break of the neckline of H&S, and we could see the US...

KatlehoMaleka

Here is a possible Head and Shoulders, with the end of a B correction. Already sold this one on Friday, with my target at the neckline. With a risk:reward ratio of 1:4, this is a trade I would take any day.

KatlehoMaleka

Hello fellow traders. I'm looking to take a short position on this pair. As you can see, it is currently in a symmetrical triangle and I'm expecting a break to the downside. I'll short this pair if that happens.