ThabisoTeebeeMkiza

ThabisoTeebeeMkiza

Waiting for a Bearish Flag as conformation for a SHORT

ThabisoTeebeeMkiza

Possibility of a long term move to the downside if USDJPY moves correctively towards this structural high

ThabisoTeebeeMkiza

AUDJPY has been ranging for a considerable amount of time with the resistance level being tested twice showing clear presence of bearish momentum. The market rejected once on the 80.00 Support area and came to that same Support area to form a beautiful hammer candlestick showing very strong bullish momentum. On lower time frames we can clearly see a Flag pattern...

ThabisoTeebeeMkiza

We can see that Gold broke the major Ascending channel which was initially a reversal pattern on its own thereby giving us a continuation pattern right after the break in the form of a bearish pennant.

ThabisoTeebeeMkiza

The Pair has been on a long term downtrend towards the major zone of support.