Shingi_Lesetedi

Shingi_Lesetedi

We have RSI divergence at a key resistance zone and price slowing down. After a break of structure I'll be looking for short opportunities.

Shingi_Lesetedi

We see a clear swing failure pattern forming, yet to close. Looking for lower timeframe confluence and targeting $50 long term.

Shingi_Lesetedi

Price broke out of our balancing area marked. This means buyer stops have been taken out and the retest suggests collection of more sell orders before pushing lower. We have contextual confluence as the move leading into the balancing zone was bearish, so we could expect a continuation lower to the zones marked. Trade safe!

Shingi_Lesetedi

Price is currently rejecting the 2.04000 area and there are two possible scenarios, either we breakout and aim for 2.17000's or bears take over and bring price back down to 1.94900's.

Shingi_Lesetedi

We have a strong confluence area with a weekly resistance trendline and a key resistance zone. If price comes to this area I'll be looking for clear bearish confirmation and go short.

Shingi_Lesetedi

After breaking a key support structure that was tested multiple times and coming back to it, we might see selling pressure to push price at least to the last swing low formed.

Shingi_Lesetedi

After the huge dump on oil. Its safest to wait for a break of structure, formation of swing high then buy the retest. This is just one possible play on oil.

Shingi_Lesetedi

After breaking a key support structure we could either look to go short on the retest targeting major lows , or if price starts to rally to 1.47000's look for a sell at the trendline and resistance zone.

Shingi_Lesetedi

CADJPY is trading towards a key zone at the 61.8 fib retracement. After getting good price action confirmation it would be a decent place to sell.

Shingi_Lesetedi

We have a bullish flag pattern formation on Silver. That and the 61.8 fib level being reached. Price might rally all the way up to $19.5.

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Price has rallied up to a key resistance trendline level most clear on the weekly chart. On the 4hr we see a rejection candlestick printed near the apex of the rising wedge pattern shown. This could be a short entry signal with a conservative position size. Stops going at 3x the ATR to avoid choking the trade. A break of structure could allow scaling in.

Shingi_Lesetedi

Depending on how price trades at this zone we could look for both long and short opportunities. If we start consolidating, look for breakout and fakeout plays to trade your strategy accordingly.

Shingi_Lesetedi

Overall trend bias is still long. If we get a break of support structures we could look for short trades to the nearest key level. If support holds and we break the last highs we could look for a long trade to last major resistance level. Execute and manage with your own discretion.

Shingi_Lesetedi

Price action is bullish on this pair as we apporach a confluence area that might provide resistance. If we get a breakout, buy on the pullback The trendline of the rising wedge , a flip zone and the most recent swing high. RSI divergence will be a secondary signal as well if we get it. I'll be looking for some clear signs of reversal at this point before...

Shingi_Lesetedi

Price action is slowing down yet again. We might see a further drop below resistance once this contraction is complete. RSI divergence is also present but the trendline allows some room for a deep correction. I'll be looking for buy opportunities once the trendline structure is broken.

Shingi_Lesetedi

USDMXN is trading down in the channel indicated. Previous structure lows were broken so we can expect price to continue lower until it finds support. Marked on the chart are areas I'll be looking for buy and sell trades. The best one in line with the trend being the sell at the channel highs.

Shingi_Lesetedi

Price is reacting to a key support area. We have a bullish engulfing candlestick pattern printed which suggests the bulls might drive the market higher. One could enter on this pattern or wait for a trendline and structure break.

Shingi_Lesetedi

EURJPY is trading away from a key support area. If price breaks structure + triangle pattern a good buy opportunity might present itself.