LesibaSteezyMothupi

LesibaSteezyMothupi

We have tested the support and price confirmed with the engulfing candle stick.

LesibaSteezyMothupi

I see a beautiful continuation pattern on the H4 timeframe which ones we start moving down to our H1 I saw price break resistance and turning it into support. On the 15Min timeframe price gave us a beautiful descending type pattern while testing previous resistance now support.

LesibaSteezyMothupi

Bigger time-frame forming lower lows and lower highs. Price came back to retest resistance like with a rising wedge which could possibly act as continuation pattern to the down side.

LesibaSteezyMothupi

Price has been moving upwards for the past few days in a corrective manner. It approached both the trend-line resistance and horizontal resistance with a high probability setup which is a pattern in a pattern. Gave us a clean ascending type pattern in a reversal ascending type pattern tp the downside.

LesibaSteezyMothupi

Price has broken out to the downside on our weekly and daily, We moved to the upside on smaller time frame and price moved in a corrective phase as we see that it has gave us bearish flag that represents a break to the downside. The time of entry that we looking for is slightly aggressive due to us entering a short trade before price has broken the flag structure....

LesibaSteezyMothupi

We still have the 240 min Ascending triangle on the DXY, Fridays move tested the previous days high but couldn't break it. It came back down and failed to break the lows too. We might possibly see the second peak of the double bottom thus pushing price higher to break our previous highs

LesibaSteezyMothupi

Price approached H4 resistance in a corrective manner and happened to have printed a pattern that shows a move to the downside. It gave us a bearish pattern in a bearish pattern and these are high probability setups

LesibaSteezyMothupi

Bigger time frame confirmed a move to the upside, It impulsed away and gave us a corrective move that printed a continuation pattern.

LesibaSteezyMothupi

We saw on the daily time frame price gave us a nice Head and shoulders. It eventually broke the neckline impulsively and came back up to retest. In the form of it retesting it eventually gave us a gartley pattern supported with a rising wedge to support our movement to the downside. We looking at a potential 220 pips short trade.