Siyabonga_Ngcobo

Siyabonga_Ngcobo

Good Risk to reward, this is a no brainer trade. Good Trading Guys

Siyabonga_Ngcobo

CTC have an opportunity to get long with a conservative reward on the USDCAD, We have an AB=CD harmonic move. Followed by a double bottom. As price action breaks its consolidation pattern traders can look to get long. OR wait for a 26-18 long opportunity if price retraces back into support. Good Trading Guys

Siyabonga_Ngcobo

As we start the week, we have an at market bear cypher on the radar with a fantastic risk to reward on the Hourly. This one has a potential of reaching target 2's of our profits. Well now this is a matter of waiting and seeing where the market takes us. Good Trading Guys

Siyabonga_Ngcobo

As we come to the middle of the week a favourable deep bear gartley on the NZD gives us a good risk/reward short opportunity today and i have my orders waiting to be filled on this one. Good Trading Guys

Siyabonga_Ngcobo

Hitting Monday with an at market bull bat on the audusd. The AUD majors are all making new structure lows and as counter trend traders we could look to get long. Profit potential on this bat is 175 pips profits with risk of 84 pips. Not bad on risk/reward for a Monday. Good Trading Guys

Siyabonga_Ngcobo

As the week ends the NZDUSD gives us a shorting opportunity with a harmonic pattern to the down side. However the risk on this trade is about 100 pips and a potential gain of +200 pips profit. As traders i will be watching how the NZDUSD continues to act around structure to see if there is a better Risk to Reward opportunity as 100pips is to much for me to stomach...

Siyabonga_Ngcobo

As we missed being filled on the butterfly pattern. As traders my money is on the current at market bear Gartley pattern which gives us a nice opportunity to short the market in line with the current momentum of the market. if price action blows out to the high side we could look to take our cypher pattern to take another shot at a short term shorting...

Siyabonga_Ngcobo

As we progress this week the EURCHF is literally side ways giving pattern traders the upper hand. If the market continues lower, we could look to buy the EURCHF back into support structure at 1.0615 which lines up with the bull butterfly. Slightly above we have an AB=CD harmonic move which further gives me confidence about the direction of the market. However if...

Siyabonga_Ngcobo

As we come to the close of the week, the markets have been extremely quite. However the has been a few trading opportunities this week despite the calm. I want to look at the USDCAD bear gartley pattern that is currently on market. Personally due the risk factor i can't trade it. Stops on this one line up pretty well close to structure giving you a good reward to...

Siyabonga_Ngcobo

As we come mid week of week 10 of the year, the markets are snailing they way this month. However with this being said this gives us a chance to look at other pairs. particularly i am not a GBPJPY trader but it seems interesting for me to do an analysis on it. So without further due lets go. We are currently bearish. So my mind is thinking short however as a...

Siyabonga_Ngcobo

As we progress to the end of the week the AUDCAD is showing some interesting price action on the daily chart. firstly we are in a bullish rotation as we have 2 flag patterns in green and red indicating to us that the AUDCAD could reach higher levels . However my eyes are at the near term support in the green box for any sighs of going long. If the market shoots...

Siyabonga_Ngcobo

As we come into week nine of the year patterns seem to be giving us a good run. However based on your reward to risk there are 2 shots to catch the coming downtrend. we have 2 gartley patterns in read and blue. Now the only stand point would be which one to take based on your Reward to Risk factor. Good Trading Guys

Siyabonga_Ngcobo

As we come close to the end of the week opportunities still present themselves in the market. The aussie continues to show bearish momentum as we can see prior signs of a bearish pennant which continued to the downside marked with red lines. We can see the same signs marked with green lines, of another bearish pennant. Be on the lookout for bearish signs such as...

Siyabonga_Ngcobo

As the pound tests the near term structure resistance this gave counter trade traders a good shot to look to sell the pound. However as the market is still showing Long bias. trend traders have an added advantage. Firstly there is a bull bat which could potentially complete at the near term support level which could rebound to the high side. All we do now is...

Siyabonga_Ngcobo

As the consolidates into a pennant formation, we could see buying pressure near support structure level. Structure base traders are waiting for a retest of structure as well as a possible double bottom to get Long with the overall bull trend on the EURUSD Good trading Guys

Siyabonga_Ngcobo

As the eurjpy coils sideways as harmonic traders this is a good opportunity to look for CTT using Harmonic patterns. Currently the eurjpy is sideways to up giving us two cypher patterns and a butterfly giving us an indication of bullish momentum. Good Trading Guys

Siyabonga_Ngcobo

Being Monday the markets are quite active. As Harmonic pattern traders on the radar is a beautiful bear bat pattern. The good thing about this formation is that it is with the trend, giving us more confidence to short it at the potential reversal zone at 0.886 fib ratio level of XA=CD COMPLETION POINT.

Siyabonga_Ngcobo

WITH THE GARTLEY PATTERN GIVING US A WINNER, ALL EYES ARE NOW ON THE BULL BUTTERFLY TO GIVE US MORE GAINS ON THE EURJPY. GOOD THING IS THE POTENTIAL REVERSAL ZONE IS NEAR SUPPORT STRUCTURE GIVING US MORE CONFIDENCE TO TAKE THIS TRADE GOOD TRADING GUYS