Evening StarAn evening star pattern has formed on JSE:ANG . This is a bearish reversal signal so I think we can potentially see a downward move from here.
Southafrica
Capitec - Short triggered from double topA double top formed on JSE:CPI over the past few weeks. With today's big gap downward, the short has been triggered. Hopefully it doesn't go straight back up and close the gap, but that remains to be seen.
BID - ShortWe have entered a short on JSE:BID based on the downward crossing of the Stochastic, MACD and now the two EMA's.
Clicks - Short enteredAll three momentum indicators have crossed downwards on JSE:CLS signaling a short position. Our target is around the 264 level.
EXX - Possible ShortThe stochastic, MACD and now the two EMA's are all showing possible signs of a short coming up on JSE:EXX . If it continues lower, we will enter short. Target around the 184 level.
South Africa.
A Sound of Thunder.
Should affect commodities.
Commodity index, the commodity boom is heading towards its logical end.
EWI believes that this is an impulse, however, it can take the form of a multiple zigzag.
At the moment it is at the levels corresponding to the end of the plane in X of the multiple zigzag.
NASPERS - Symmetrical Triangle BreakoutThe price has broken out of a symmetrical triangle pattern on JSE:NPN . If it continues downwards, our short position will be triggered.
AGL - Breakout of Consolidation areaJSE:AGL has broken out of the sideways consolidation area that it has been trading in since the end of July. With the breakout the price action has triggered a possible short position that we will enter into if the price continues downwards.
CPI - Potential LongUsing our fractals strategy, JSE:CPI has signaled a possible long position coming up. The price broke out through the descending resistance line and, if it breaks the high of yesterday, we will be entered into a long position. The stochastic isn't at the most desirable location but it could still play out nicely.
Short triggered on Mr PriceAll of our 3 momentum indicators have crossed down on JSE:MRP , signaling a possible short position.
With today's opening, we were triggered into our short position with our target matching up nicely with the lows of mid July at the 165 level.
Bearish Harami on BHGA Bearish Harami has formed on JSE:BHG at a resistance level. A Harami is often a sign of a reversal to come. If it continues downwards, I will enter a short position.
Market Analysis with Shaquille KIING - 25th August 2022Hey there.
I trust you are well and healthy.
This is a short video of me analyzing;
AUD/NZD
USD/ZAR
USD/CAD ( Missed Entry)
CHF/JPY
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Watching for USDZAR to break resistanceThe USD/ZAR rallied with eagerness after it went down to a significant demand area at 16.20000. Now, the price has entered a short period of consolidation, as traders anticipate this Friday’s speech by the US Federal Reserve Chair Jerome Powell.
The technical chart on the USD/ZAR daily timeframe suggests that a strong supply zone is currently present between 17.15 and 17.30. Breaking above this crucial area is needed to continue the rally, However, this may be increasingly unlikely as the daily candle wicks are now rejecting at 17.15.
The MFI indicator, which is a technical oscillator similar to RSI but uses price and volume in identifying the oversold and overbought conditions in an asset, shows that this crucial area was indeed a strong rejection zone, as highlighted in yellow. The MFI indicator is currently facing the mid-point of the indicator. Therefore, the USD/ZAR’s supply line at 17.15 may not be enough to suppress further upside.
Looking at the current price action, if the price fails to break above 17.15 and 17.30, and emphatically rejects at these supply zones, look for the price to potentially move to the downside and encounter the 16.20 demand zone once again. It will be interesting to see how investor sentiment (and the associated demand zone) holds up in the face of an emphatic downside break
A further break below that zone may induce a possible trend switch to the downside in a short-term period. However, we could also see consolidation between these supply and demand zones.
PPH ShortA short position has been triggered on JSE:PPH signaled by the bearish engulfing formed last Friday. Looking to reach a target at the low reached on 26 May 2021.
Bearish Engulfing on ABSAA bearish engulfing candle formed on JSE:ABG on Friday. With this morning's price action, we have been triggered into a short position. The stochastic and MACD are also confirming this move.
LONG ON META Price has been consolidating at this low for about 8 weeks now and has now broken out of that consilidation, telling me that we might be ready to go long and form new highs.
POSITION
- Entry 172.49
- S/L 164.50
- T/P 200.00
R:R
- 3.69
RISK
- 1,01%
- $7,99
- 7.99 pips
REWARD
- 3,72%
- $29,49
- 29.49pips
CONFLUENCES
- Break and Retest of consolidation
- 38.2% Fib Retrace
CLS - Breakout of consolidationJSE:CLS has been trading in a sideways consolidation zone since early May. With the price action on the 16th of Aug we finally broke out of the sideways move. If it continues up, I think we could be looking at a nice long position.
LONG ON EURUSDPrice took out the Sellside Liquidity and trapped in all the sell stops. Brice then gave a clean B.O.S and also took out the relative equal highs just above. At this point I knew I wanted to go long and waited for price to come back belowe the equilibruim and fill the FVG.
POSITION
- Entry 1.01579
- S/L 1.01379
- T/P 1.02232
R:R
- 3.26
RISK
- 0,24%
- $2
- 20pips
REWARD
- 0,81%
- $6,53
- 65.3pips
CONFLUENCES
- Took out Sellside Liquidity
- Break of Structure
- Took out relative equal highs ($$$)
- Traded back into the FVG under the equilibruim
- 61.8% Fib retrace
LONG ON NZDUSDWith last week's CPI report, price traded up substantially and created a big buyside imbalance. My bias for the week was for price to come down and trade into that imbalance and possibly the highs before it. As we can see price did that and that was when I started to look for entries to target new highs. Price broke structure and gave us an FVG on the 15m to enter on.
POSITION
- Entry 0.70121
- S/L 0.70021
- TP 0.71282
R:R
- 11.61
RISK
- 0,12%
- $1
- 10pips
REWARD
- 1,45%
- $11.61
- 116.1 pips
CONFLUENCES
- Previous Day High
- Break of Structure
- 15m FVG
- Daily Higher Low
- 78.6% Fib Retrace
LONG ON NZDUSDPrice broke structure on the LTF and gave us a FVG to enter from and go long. I am targeting a 30m FVG
POSITION
- Entry 0.63651
- S/L 0.63541
-T/P 0.63971
R:R
- 2.91
RISK
- 0,13%
- $1,1
- 11pips
REWARD
- $3,2
- 32pips
- 0,4%
CONFLUENCES
- Break Of Strucutre
- 15 FVG
- 30m FVG
LONG ON NZDUSDPrice broke through yesterday’s high and continued to form an HH, that told me price want’s to go higher and should come back to form a LL and give us an entry.
POSITION
-Entry 0.64361
- S/L 0.64240
- T/P 0.64750
R:R
-3.25
RISK
- 0,15%
- 12pips
- $1,2
REWARD
- 0,48%
- 39pips
- $3,9
CONFLUENCES
- Broke previous daily high
- Flipzone
- FVG
- 61.8% Fibbonacci Retrace
LONG ON NZDUSDPrice broke structure and then gave us a FVG(price imbalance) as well as a flipzone, therefore I saw the opportunity to go long once we came back to those levels.
POSITION:
-Entry 0.64128
-S/L 0.64048
-T/P 0.64342
R:R
- 2.69
RISK
- 0,1%
- 8pips
- $0.8
REWARD
- 0,27%
- 21.5pips
- $2.15
CONFLUENCES
- 30m Break Of Structure
- Flipzone
- 38,2% Fibbonacci Retracement
- FVG
AB Inbev - Triggered shortAll three of our momentum indicators have crossed downwards on JSE:ANH . Our target level is 787, but failing that, I'm sure we will get to the previous lows at around the 805 level.
