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Pulemokhothu

GBPJPY 134.169 + 0.11% LONG IDEAGood Day Everyone Here's a look at the GBPJPY pair on multiple time-frames MONTHLY > Starting on the monthly we are still respecting the descending triangle pattern we saw a rejection on the top of this structure pushed down to the base of the structure and now we see a build up with the bulls pushing the pair up, overall sentiment on the monthly is bullish. WEEKLY > As we move down to the weekly the sentiment is still the same as we see a build up with the bulls strength on close of the week. still respecting the descending channel looking for gains on the pair from a weekly perspective. DAILY > Moving to the daily the pair respecting the Fibonacci retracement structure recently we just saw a rejection on the 38.2% fib retracement level pushed up to retest the 50 % fib level retracement, looking for a push up to level 61.8% Fibonacci level even though its a stretch but lets see how it goes overall the sentiment is that we are bullish on the pair so looking for long on the pair. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
2
USDJPY 107.486 -0.01% LONG IDEAGood Day Everyone Here's a look at the USDJPY pair from multiple time frame perspective MONTHLY * On the monthly we are trading in a descending triangle pattern ranging within the structure no straight forward decisive direction on the pair we have a bearish candle forming as we continue ranging within the structure. WEEKLY * On the weekly the pair takes some shape in direction to an extent as we saw another bounce or rejection at 61.8% Fibonacci level the pair is rallying up as the jpy gained against the dollar targeting that 50% Fibonacci level as we determine a bullish sentiment on the pair we might just pull back before continuation to the upside. DAILY And as we enter the day chart we see a rejection just above the 38.2 % Fibonacci level as the US remains the safe heaven for investors-possibilities of a push down are still in the cards but looking for long positions on the pair _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
GBPUSD 1.24816 +0.11% LONG IDEAGood Day Everyone Here's a look at the GBPUSD pair in the coming week from multiple time frames MONTHLY * On the monthly time frame the pair has been trading in an XABCD butterfly pattern that has held up pretty well in the last weeks we saw a big drop in the pound from everything happening fundamentally and a Fibonacci retracement to this drop in the price of pound we see the GBPUSD pair respecting the 61.8% fibonacci & 50% fibonacci levels holding structure.looking for continuation to the upside on the pair as a bullish candle is building from the 50% Fibonacci retracement level. WEEKLY *ON the weekly the sentiment is still the same we have entered into an uptrend inside an ascending channel hitting HH & LH, we have a significant bullish candle pushing up looking for continuation of this move above previous swing high signalling long hold on the pair and confirming that uptrend. DAILY * looking at the daily the picture gets clearer as we rallied out of an ascending channel, pushed down pulled back up to retest and now we broke out of descending channel tested resistance level 1.25180 forming a double top which could signal a pull back before continuing to the upside and that's where we are at the moment, looking for a retest of structure before continuation to the upside.. 4h chart and lower time-frames perfect for entries and clearer picture of where the price is headed look for significant confirmations for this moves and follow your rules before entering the trade. thank you and happy trading everyone _____________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TP1 - 1.25676 TP2 - 1.26825 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
4
EURUSD 1.12434 +0.04 % LONG IDEAGood Day Everyone Here's an idea on the EURUSD pair a look at the pair from multiple timeframes. MONTHLY * On the monthly timeframe the pair went up and was rejected at 50% fibonacci retrancement level pushed down to bounce just below the 61.8 % fibonacci level currently the sentiment is still long on the monthly timeframe even though we pushed down a little we are still i a descending channel looking for the pair to push up for a retest of the structure above. WEEKLY * The sentiment is still the same but now the structure starts to get clearer as we are in a descending triangle structure which may signal a continuation to the upside supporting the persoective of the bulls coming into play in the coming week. looking for the pair to rally up. DAILY * The sentiment is still the same we have a pennant formation now trading in a descending channel posiibly signalling continuation as well targeting previos high looking to the left * The 4h chart and lower timeframes are perfect for entries its important to wait if you are not an agressive trader and want to hold the trade swing, look for confirmations and strong sentiments to support before entry. thank you and lets see how it goes. THE IDEA IS IN PLAY ONCE WE SEE A BREAK ABOVE STRUCTURE AND A COUPLE OF MORE CONFIRMATION. _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 1.13181 TARGET 2 - 1.13515 TARGET 3 - 1.4500 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
USOIL 37.77 -1.24 % LONG IDEAGood Day Everone Here's a short idea on the USOIL , looks like price might continue to push down looking at technicals, we saw the price breakout of the ascending channel/ rising wedge wich could signal that the trend could reverse as we had lower on oil price struggled to push above 39.23 lets see if price continues to rally down on OIL looking for short entries... _____________________________________________________________________________________________________________________________ Target 1 - 36.03 Target 2 - 34.63 ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING ____________________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair & comments welcome....
TVC:USOILShort
by PULEMokhothu
USDCHF 0.94800 -0.05% LONG IDEAGood Day Everyone here's a long idea on the USDCHF pair, both currencies had a pretty good week, looking on the weekly chart the descending channel holds as we see a bounce of the structuer pushing up to the upside, same as on the daily chart as we have a symetrical triagnel looking for longs in the pair and a break to the upside targeting resistance level 0.95631..... __________________________________________________________________________________________________________________________ TARGET 1 - 0.95249 TARGET 2 - 0.95657 ENTRY & SL FOLLOW YOUR RULES RISK MANAGEMENT __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea on the pair in the comment section.
Long
by PULEMokhothu
2
USDJPY 107.178 -002% SHORT IDEA Good Day Everyone Here's my idea on the USDJPY pair looking at two possible scenarios on the pair, looking to see if the descending channel holds or we will see a break above the channel and see a move to the upside, the pair is fairly close to my 200 MA so i will look for the channel to hold and see a move to the downside to go retest the structure unless we break the 200 MA and trade above it... __________________________________________________________________________________________________________________________ ENTRY AND SL - FOLLOW YOUR RULES RISK MANAGEMENT PERIOD - SWING TARGET 1 - 106.74 TARGET 2 - 106.142 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
AUDUSD 0.68650 0.01% LONG IDEA Good DAY Everyone Here's an idea on the AUDUSD pair currently trading in a symmetrical triangle seems the structures holds and the bulls are coming into play as we are looking for longs on the pair significant move to the upside would signal a possible break above the structure so looking to hold long entry swing for the week targeting resistance level 0.70446 ____________________________________________________________________________________________________________________________ ENTRY AND SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 0.69347 TARGET 2 - 0.70446 ____________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
GBPJPY 132.227 +0.03 % SHORT IDEA Good Day Everyone Here's an idea on the GBPJPY pair, the pair broke out of the ascending channel on the 4 hourly chart corrected a bit for a retest of the descending channel should the structure hold looking for short positions in the pair should the bulls come into play and we see significant moves to the upside the trading plan will change for now looking for short positions in the pair targeting 128.000 _____________________________________________________________________________________________________________________________ RISK-MANAGEMENT ENTRY & SL - FOLLOW YOUR RULES PERIOD - SWING TARGET 1 - 130.000 TARGET 2 - 128.000 ____________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
EURJPY 120.703 - 0.55% LONG IDEAGood Day Everyone Here's an idea on the EURJPY pair, we just broke above the descending channel overbought on multiple indicators which may signal a correction or retest of the structure then continuation to the upside. looking for long entries on the pair should everything be satisfied. _____________________________________________________________________________________________________________________ RISK-MANAGEMENT ENTRY & SL - FOLLOW YOUR RULES PERIOD - DAY TRADE TARGET1 - 121.098 TARGET2 - 122.098 ________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
EURGBP 0.91357 -0.05% LONG IDEAGood Day Everyone Here's an idea on the EURGBP pair, the ascending channel holds and we are still trading inside the structure on the pair, more aggressive traders can go long on the correction to the down side but looking for significant move to the upside on the pair a retest of support level 0.90605 will signal this move to the upside for now waiting for this move on the pair. ____________________________________________________________________________________________________________________________ RISK-MANAGEMENT ENTRY & SL - FOLLOW YOUR RULES PERIOD - SWING TRADE ___________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
GBPJPY 133.234 -0.44% LONG IDEA Good Day Everyone Here's an idea on the GBPJPY pair, the pair broke out of the descending channel went down with the bears to retest support level 132.912 could the ascending channel hold on the pair not sure just yet but looks like bulls are still in control one the GBPJPY pair... _________________________________________________________________________________________________________________________ ENTRY - MARKET EXECUTION STOP - FOLLOW YOU RULES RISK-MANAGEMENT PERIOD - DAY TRADE TARGET - 135.190 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
USOIL 40.10 +0.79 IDEA Good Day Everyone Here's an idea on USOIL that has been trading in an uptrend inside an ascending channel and saw a good day yesterday seems it could still climb higher to test resistance level 42.50 as the S&P500 future pointed higher after positive chinese manufacturing PMI data, but also looking at a scenario of bears coming into play and pushing oil down as we wait for the canadian GDP data and fundamentals on oil today. will look for significant moves to the downside unless the channel holds.... _________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
TVC:USOIL
by PULEMokhothu
SPX500USD 3097.3 +0.67 SHORT IDEAGood Day Everyone Here's my idea on the S&P500, still in the descening channel looking for the structure to hold and we see bears coming into play ______________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE TARGET - 3000.0 ______________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
OANDA:SPX500USDShort
by PULEMokhothu
USDZAR 17.29250 -0.3% SHORT IDEA Good Day Everyone Here's an idea on the USDZAR pair which has been trading in a descending channel and rallied up in an ascending channel within the descending structure looking for a rejection in the descending channel and a break below the ascending channel to trade with the bears on the pair, a break below the ascending channel will signal this short position should the plan be satisfied... _________________________________________________________________________________________________________________________ entry & sl - follow you rules RISK-MANAGEMENT PERIOD - DAY TRADE TARGET - 16.9034 _________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
GBPJPY 138.44 -0.21% SHORT Good Day Everyone Here's an idea on the GBPJPY pair, the Ascending channel holds and the pair is currently rallying with the bears for a possible retest of 61.8% Fibonacci level, looking for a bounce of this level then a rise in the pair, for more aggressive traders you can look for short entries on the pair targeting 61.8% fib level . if we see a significant move beyond this Fibonacci level the plan for the pair will change but if we see a bounce of the level 61.8% Fibonacci swing traders can look for long entering on the pair targeting previous swing high.. _______________________________________________________________________________________________________________________ Target 1 - 136.07 61.8% fib level SL & ENTRY - FOLLOW YOUR RULES PERIOD - DAY TRADE RISK-MANAGEMENT ______________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
Short
by PULEMokhothu
EURUSD 1.12747 +0.52% LONG IDEA MULTI TIMEFRAMEGood Day Everyone Here's my idea on the EURUSD pair should we see a break to the upside on the descending channel/ pennant on higher time frames. * from the weekly chart on the pair it broke out of a descending channel and pushed up consolidating in a pennant formation which may signal continuation to the upside. * on the daily chart waiting for a break above the descending channel / pennant targeting resistance level 1.15911 swing. * if the descending channel holds the trading plan changes but for now looking for a break above as most time frames are signalling bulls favor. ______________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 1.13680 TARGET 2 - 1.14984 TARGET 3 - 1.15911 ______________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
GBPUSD 1.23394 - 0.71 % MULTI TIMEFRAME IDEAGood Day Everyone Here is a multi time frame idea on the GBPUSD pair, its been a down week for Sterling once again on rising BREXIT fears, some bad economic data from the U.K and the pandemic issues putting pressure on risk assets as well. The Dollar has maintained its strength against the pound. * On the monthly we pushed down to close on a pin bar / hanging man. * The weekly chart we see a retest of an ascending channel after previous breakout, a bounce of support level 1.23964 closing the week with a bearish pin bar. * The daily chart retested the ascending channel as well holding the small descending channel at 61.8% Fibonacci pushed down to close just above 50% Fibonacci level > looking for some correction or retracement at 50% Fibonacci a retest of resistance level 1.23848 then continuation to the downside as most time frames favor a bearish move . looking for short entries on the pair... _________________________________________________________________________________________________________________________ TARGET 1 - 1.22661 TARGET 2 - 1.21723 ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT ________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea on the pair in the comment section.
Short
by PULEMokhothu
XAUUSD 1715.44 + 1.01% SHORT IDEAGood Day Everyone here's a short idea on GOLD, we saw a break out of that descending channel pushed up to a strong resistance level with multiple touches looking to the left. I'm looking for a retest of that descending channel should it fail to break the resistance level, looking for short entries on the metal,* will be looking for a retest of this resistance level 1744.32 and look for reversal pattens on XAUUSD should we see a significant move above this level trading plan will be canceled and will look for opportunities with the bulls... ______________________________________________________________________________________________________________________________ Target 1 - 1700.5 Target 2 - 1690.25 SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE ____________________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair & comments welcome....
OANDA:XAUUSDShort
by PULEMokhothu
US500 3044.3 -0.48% LONG IDEA GOOD DAY EVERYONE... HERE'S AN IDEA ON THE S&P500, U.S STOCKS OPENED LOWER TODAY PROBABLY DUE TO INVESTORS BEING CAUTIOUS WITH EVERYTHING HAPPENING IN THE U.S - COUNTRYWIDE PROTEST AND THOSE TENSIONS BETWEEN THE U.S AND BEIJING. > ON FRIDAY U.S STOCKS FINISHED SLIGHTLY HIGHER AFTER PRESIDENT TRUMP ANNOUNCED AGAINST CHINA IN RESPONSE TO NEW LEGISLATION THAT WEREN'T THREATENING TO THE U.S ECONOMY AS INVESTORS HAD FEARED. > US500 IS STILL TRADING IN THAT ASCENDING CHANNEL WE SEE A FORMATION OF A PENNANT, LOOKING AT TWO POSSIBLE SCENARIOS ON THE STOCK. > IF WE BREAK ABOVE THE PENNANT LOOKING FOR LONGS ON THE STOCK AND A BREAK BELOW LOOKING FOR A RETEST OF SUPPORT LEVEL 2988.7 ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
ULong
by PULEMokhothu
US500 2988.4 - 0.33% LONG IDEAGOOD DAY EVERYONE HERE'S A LONG IDEA ON THE US500 INDEX, THE S&P 500 HAS RECOVERED A GREAT DEAL TO COVER LOST GROUND IN THE LAST COUPLE OF WEEKS.. > THE MARKET IS TRADING AT + 2 MONTH HIGH OR SO THE INDEX HAS BEEN STRUGGLING TO HIT THAT 3000 MARK BUT GAINING TRACTION NONETHELESS... > WE'VE SEEN THE FORMATION OF AN ASCENDING CHANNEL ON THE INDEX HOPING THE STRUCTURE HOLDS LOOKING FOR LONG OPPORTUNITIES IN THE INDEX TARGET - 3100 RISK MANAGEMENT PERIOD - DAY TRADE
ULong
by PULEMokhothu
USDZAR 17.36760 - 0.08 % SHORT IDEAGOOD DAY EVERYONE HERE'S AN IDEA ON THE USDZAR PAIR , LOOKING FROM THE MONTHLY WE HAVE A BIG BEARISH CANDLE JUST ABOVE MY 38.2% FIBONACCI SIGNALING STRONG MOMENTUM TO THE DOWNSIDE. > ON THE WEEKLY WE ARE STILL IN THAT DESCENDING CHANNEL MOVE TO THE DOWNSIDE STILL VERY STRONG WITH TWO FULL BEARISH CANDLE TO THE DOWNSIDE > WE MIGHT SEE A BIT OF CORRECTION/ RETRACEMENT TO RESISTANCE LEVEL 17.37298 THEN POSSIBLY CONTINUE TO THE DOWNSIDE. > IF WE DON'T BREAK RESISTANCE LEVEL 17.37298 LEVEL AND WE SEE A SIGNIFICANT MOVE TO THE DOWNSIDE WILL BE LOOKING FOR SHORT OPPORTUNITIES ON THE PAIR > IF WE TRADE ABOVE THAT STRUCTURE THE THE CHANNEL HOLDS WILL BE LOOKING FOR LONG. NOW FUNDAMENTALLY THE MARKET IS OPENING THE 1ST OF JUNE WHICH MIGHT STRENGTHEN THE RAND AGAINST THE DOLLAR SHOULD WE NOT SEE A RISE IN COVID-19 CASES AND FATALITIES HENCE I'M GOING FOR THIS SCENARIO OTHERWISE ANYTHING IS POSSIBLE.. ENTRY - FOLLOW YOUR ENTRY RULES / PENDING ORDERS / SELL STOPS TARGET 1 - 17.08611 TARGET 2 - 16.66926 RISK MANAGEMENT PERIOD - SWING
Short
by PULEMokhothu
2