Mhangwane1

Mhangwane1

DAILY Still in our bullish trend, currently forming a channel where we are slowing down and pulling momentum. Towards the 190.00 is where we would expect a reversal and continuation of the trend. 4H Still letting it fall and as practice analysis, our forecast from early in the morning is currently on par with the market. 190.00 our aim 1H In the distribution...

Mhangwane1

We were triggered and stopped out but we did fair. DAILY Kept falling and dragging down and tested around the support level, 17070 around here. We have a test candle which shows that our test level was correct. 4H Price is testing again (in correction) so we stay waiting and watching for either the break (impulsively) or the reversal impulsively. This is where we...

Mhangwane1

DAILY Break upwards and price has been fighting to go up, yet we were stopped out. Doesn't break the plan, it is part of business expenses. 4H 154.00 was our bouncing point, it is where we get support and push upwards. 1H 154.60, we are slowing down and looking left shows us that we are in an area of sensitivity.

Mhangwane1

DAILY We had the touch we needed, and were triggered in quite early. SL moved and stopped out. The risk entry paid off, the reduced risk also paid off. Low test candle close to our support, it's to add to our current knowledge not direct triggers to take trades. 4H Last 3 bullish candles seem to give headroom to the reversal conversation but till there's more...

Mhangwane1

Identify which phase of the market you are currently in. DAILY Still in the correct phase of the bull trend. 37060, our significant support area where we believe the correction phase will start to phase out. We had an ascending wedge, which we broke and have just kept going down since then, forming bear flags on the way down. 4H The flat flag pattern is not...

Mhangwane1

DAILY We still in a bull trend but in the corrective phase of the bull trend. 16900 area is where we want to see action. The last support as all others are broken right through. We formed an expanding wedge going up and was broken, the retest here will let us know it's fate. 4H We formed a "flatish" flag, which is the correction of the current trend (bearish)....

Mhangwane1

DAILY Not going to lie, there's no pattern I see. Just the assumption of the one I want to see, which is not a fact so it cannot be used as a confluence. Yet we broke 152.00 which if you zoom out will confirm that we are still in a very bullish trend. Impulse, Correction, Impulse : If you zoom in. 4H We formed a bear flag and broke it impulsively, breaking at...

Mhangwane1

I am seeing a long sell DAILY We have struggled to break the high for the third time, telling us the ceiling is high and filled with sellers. An ascending channel is forming and within it we have another ascending channel which adds to the confluence. 4H We have a bullish channel in the smaller ascending channel. Where it is also struggling to break the high....

Mhangwane1

Still holding a buy, moved SL in profit. With the current price movement we might get stopped out. DAILY 151.90, we finally broke and closed above. We are now either waiting for the further bullish push up or the retest so we can enter on the continuation. This is the highest price UJ has been peaked at, so we know the dollar is doing quite well. 4H 152.80 gave...

Mhangwane1

Still holding a bad trade from yesterday, entered too early. DAILY We had a close with a reversal stop candle which was showing us downwards demand, now we we are forming a bullish reversal candle. So we know that the candlestick use is wrong, as we should use patterns to give us more guidance. Retesting 192.00, which we have established as our resistance and...

Mhangwane1

DAILY Just watch, the current sideways movement has me in a daze, previous similar price dropped and melted. 4H Let it move more before any judgements. Rejection of price from 18200 and candles direct us to look for sells. 1H 17900, our target price. Just waiting for entry prerequisites. 15Min The impulsive bear candle just gave us the first confirmation wait...

Mhangwane1

We were also triggered in here, but SL was moved into profits so we were stopped out. Wen in again and fully got stopped out. Now we refine what the market is telling us. DAILY 151.97, our peak and our ceiling. Looking left what we are waiting for is a drop and a painful one. The dollar (DXY) has also given us signs of a drop. So we will plan and wait for the...

Mhangwane1

We were triggered in our sell and stop out within a few minutes. So we must sit back and wait for a better trading opportunity. DAILY We fighting to go up and candlesticks are very bullish. We will possibly see a 193.00 touch 4H Support at 192.00, if we get a rejection here at 192.70 we could get a nice sell opportunity. 1H It's a bad trade idea, we have only...

Mhangwane1

UPDATE We got into a trade to the downside but pulled out because of SL in profit but for the idea we had, we did well and we did fair. This is not your fathers market hence we put SL into profit.

Mhangwane1

DAILY Mid trend, so stay the fxxk away 4H Impulsive bearish candlestick currently forming, which will keep the drive going down to find support. 18000 will give us a point of interest for price, where we will look for patterns before using candles for confirmation. 1H Current candle is bearishly engulfing and giving more signs of bears killing momentum of the...

Mhangwane1

DAILY 151.20 this is our ceiling and we are fighting to breakthrough this price. If we do, then we having a cool time. Yet look out for the drop should the dollar index decide otherwise. 4H 151.70, we are bouncing here and this is supporting our push to the upside. It still is not enough for us to place trades (longs), we just wait for more...

Mhangwane1

I made a big error that I had not seen till it picked up. I had placed the trade on UJ instead of GJ🤣🤣🤣🤣🤣. So now I'm watching this hit my TP and holding a possible loss. DAILY We heading back up to 193.50 and we just need to watch how it goes there. 4H 191.30 was the support we needed to keep going and here we currently are. 1H 191.20 is now the support we...

Mhangwane1

DAILY High tests and slowing down candles, therefore we should stay out and wait for the touch of the bottom of the wedge (38570) 4H We still look like we are falling before and form of reversal. The trend has been bearish and is currently in a consolidation, leading us to expect an impulse. 1H We still waiting for a breakout whether up or down. 15Min Close...