Simphiwe-Mabaso

Simphiwe-Mabaso

Nas has began printing a bearish setup move. There is a M formation which is very choppy and also a potential Head and shoulders pattern .. One needs to first identify a clear trendline break and wait for a retest to the bullish trendline as depicted on the chart.. Its a good swing trade setup.

Simphiwe-Mabaso

I will be monitoring this pair since it's approaching the bull trendline as I believe this trend is not over as yet. The key scenario here would be looking for rejection on the trendline itself before committing for a long trade as anticipated. also we can see Elliot wave consolidation channel is at play currently but about to end soon. Sometime later this week we...

Simphiwe-Mabaso

Usd-zar has printed a bull consolidating triangle. With my forecast, I'm expecting to see this pair getting bears entering the market sometime later this week at the D point(15.35) level. Once my setup criteria are satisfied at least getting a pin bar or engulfing candle il be looking to short this pair. In the meantime, il be monitoring the pair or look for...

Simphiwe-Mabaso

We have seen Gold respecting all my setup confluences I have been expecting. Gold has broken out of a bull trend and tested the trendline, now we are looking for more entries short on this pair. currently, according to Elliott wave principle we are consolidating and have tapped C point and left an engulfing candlestick on a channel line on a 1hour chart. Now when...

Simphiwe-Mabaso

We experienced gold pulling back to the upside otherwise known as a bull trap. Now expecting gold to drop as from Wednesday going forward until the end of the week. Take profit to be around 1507 to test the main trendline..

Simphiwe-Mabaso

Nzdusd looks yummy.. the first two levels I'm watching which are 0.66980(61.8% fib level) and 0.66520(70.5% fib level).. then il look to buy with positive bullish setup!!

Simphiwe-Mabaso

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