WandileM

WandileM

Anticipating short-term bearish momentum.

WandileM

We currently have what seems to be a Head And Shoulder pattern formation. So based on that, we are planning on selling this pair. BUT we need it to break below the neckline before we can CONFIRM a sell. Alternatively, if you wanna play it safe, you can wait for a 'break & retest' of the neckline, which will give further confirmation of a downside move. As you...

WandileM

Potential bullish momentum on this pair.

WandileM

I personally reckon that the USD pullback will only be short term and Dollar strength will return before the 2018 financial year ends. Can't keep a good dollar down! HAPPY TRADING!!!

WandileM Updated 

The Right shoulder seems to be starting to form. We will then expect a drop when it reaches the resistance line that has been indicated on the chart.