keabmotsene

keabmotsene

We have a clear double top formation. A tight stop loss of which gives us a Risk to Reward Ratio(RRR) of 1:10. This simply means you willing to loss R8 to get R80 R8 x 8= R80 Its a good deal if you ask me

keabmotsene

We have a clear momentum shift to the downside. We expecting a pull back 39000 zone then we shorting

keabmotsene

We waiting for price to give us more confluence for the downside @ the current price zones on the daily. We gonna be looking for a double to get in si we can get a tight stop loss to maximise our trade probability. We gonna be lokking for sales on this one

keabmotsene

We have a nice lower high set up on this pair on the H4 timeframe giving us more confluence for the downside movement and of course we waiting for a momentum shift candlestick for our final confirmation

keabmotsene

We have identified a continuation of the bullish structure on the higher timeframes. It can be clearly seen on the daily timeframe that we have a complete flat pattern which means that price action is most likely to continue to the upside. Therefore we will be looking to go long on GBPUSD and other positive correlating pairs

keabmotsene

-We have a double bottom -We have a falling wedge formation -Wait for the impulse move to exhaust and wait for a correction before an entry

keabmotsene

-We have a clear double bottom on our 4H chart -We have a formed falling wedge structure -A clear break of the falling wedge structure -Now we wait for the impulse move to the upside to complete and wait for a pullback/correction Target Price: 1st target = 1.24000 2nd target = 1.2700 last target = 1.3000

keabmotsene

We have a formed DB on the 4H chart and we at the 38% Fib level on the daily chart therefore we might have a good bull run to the upside