Sphiwe23

Sphiwe23

USDZAR has been moving to the upside in a corrective manner and finally reached our 60% fibonnacci level. USDZAR has been correcting to the upside with a rising channel and our second touch we go a double top which is an overide of the third touch we were expecting. Entry; wait for an impulsive push outside lower timeframe ascending wedge and look for a...

Sphiwe23

Gold has Ben bearish for quite a while and looking at our technicals we still expecting it to sell. Looking at our lower timeframe structure,we had an impulsive move to the downside and we getting a continuation sell to atleast the previous lows. Entry: -We will be taking a reduced risk entry sell on the break of the correction with our SL on the high of the...

Sphiwe23

The market is in a ascending wedge correction on the LTF and we broke a liquidity area indicated by the horizontal line thus giving us more confluence for our sells. Entry: -We looking to take a risk on the third touch of our channel for sells. -We can also wait for the Market to breakout impulsively and form a continuation correction to enter our reduced risk...

Sphiwe23 Updated 

Uk oil has been bullish for the longest time now but as we can see on the weekly timeframe,price has broken the previous high and we ask ourselves “how did the market approach the area” rather than looking at the area itself. The market has broken that high correctively signal a possible reversal.

Sphiwe23

UKOIL on weekly timeframe broke previous high corrective in an expanding structure signaling a reversal to the downside. the break of the previous high is to trap most traders in thinking UKOIL is buying only to reverse to the downside impulsively taking them out. We are currently looking for a third touch of the ascending channel in the LTF'S to take a sell to...

Sphiwe23

Silver is currently on a continuation correction to the downside following the previous impulsive move to the downside . Entry: planning to take a risk entry after a convincing bearish candlestick retrace on the third touch to the downside.

Sphiwe23

We saw a large selllof from gold last week which was in line with our analysis. Last week i had a kind of expanding channel which i was for a gold sell on third touch which we got and now we inside another expanding structure for a continuation sell after our impulsive move to the downside. Entry1: How am going to enter this trade is to take a risk entry on the...

Sphiwe23

We had a strong impulsive move on gold last week and it entered in a phase of a continuation correction and broke out impulsively . Gold currently in a correction phase for a continuation in a buy ,currently have a buy order on break of correction

Sphiwe23

EURUSD has broken the previous low in a corrective structure which is a descending wedge signaling us a buy on third touch. Price currently in descending correction to the upside. I have a buy order on the previous high of current correction which is a break of the correction.

Sphiwe23

Good Day Boy and Girls...Currently looking for a buy on CHFJPY . we are in a descending channel after a bearish impulsive which signal us a reversal in price. Price had strong impulsive move up and currently inside a continuation bullish flag on the 15M timeframe. Looking to enter on break of correction to the upside and looking for a break of bigger structure and...

Sphiwe23

good day boys and girls. Previously on my NZDCAD analysis i state that price broke out of our descending structure and we were looking to enter on a buy if it gave us a flag on either the 1HR or 15M timeframe. Instead price failed to do that and we saw a strong impusive sell on NZDCAD . I am still bullish on NZDCAD ,even though we did not get that correction...

Sphiwe23

We see that USDCAD had an impulsive move to the downside and started correcting in a form of an ascending wedge for a continuation to the downside .Price currently approaching for a third touch of our channel. Entry: Planning to take a risk entry on the third touch of correction and first TP at the 90% of structure.

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Sphiwe23

Price is currently inside a descending structure after a bullish impulsive move,looking for a buy entry on a break of LTF flag. Another confirmation is the formation of an inverse head and shoulder on HTF structure giving us more confluence to the upside.

Sphiwe23 Updated 

Currently looking for a third touch on the descending structure for a buy to the upside .if price gives us that third touch and impulse to the upside and then a tight bull flag on LTF then am looking to place a buy on break of correction to the 90% of the structure.

Sphiwe23

Good day boys and girls. I am currently in on a sell on USDJPY until to the 90% of bigger correction. Currently looking for a small flag for the upcoming week . if we do get a flag on the 15min chart or 1 hour ,am looking for a short entry at break of flag.

Sphiwe23

We have a double bottom on HTF with the second leg on a descending channel showing us a reversal. We had a bullish reversal on LTF and currently on a correction phase. I am looking for a third touch to take risk entry for a buy.