jse:j835 SA BAnks - Descending Triangle OOPS! #j835 #SAbanksThis descending triangle on the SA Banks 1hour chart looks a bit intimidating.
My guess is that it will break the bottom support line.
Lets wait and see
Southafrica
NASDAQWE HAVE AND RETEST OF STRUCTURE PLUS A BREAK AND REST OF THE TRENDLINE THIS IS JUST SPECULATION OF WHERE IT COULD BE HEADED TO.
USDZAR POSSIBLE OHLC MONTHLY (AUGUST) AND YEARLY STRUCTURE
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OHLC AUGUST MONTHLY STRUCTURE /OHLC YEARLY STRUCTURE
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Kindly wait for price to find a strong resistance. We will find confluence with other technical indicators for a VALID SELL ENTRY. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution.
Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
JSE Top40Not quite a trade I would take, but for JSE Investors I think the market will probably drop 17%.
Not financial advice
Mondi failed to break lowerJSE:MNP has been trading in an upward trend since mid-March. It failed to make a lower low after the latest retracement and formed a hammer doji candle which is a bullish reversal signal. We are potentially looking at a continuation of the upward move.
Inverted Head & Shoulders BreakoutJSE:AGL has broken through the neckline of an inverted Head & Shoulders pattern and if it plays out, we could be looking at a nice target around the 60 000 level. I will proceed with caution, however, as the neckline is at a very strong level of resistance and may struggle to convincingly break through.
EURJPY POSSIBLE OHLC STRUCTURE JULYEURJPY POSSIBLE OHLC STRUCTURE JULY
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OHLC
JULY MONTHLY STRUCTURE & LONG TERM OLHC YEARLY STRUCTURE
MONTHLY VIEW IN DAILY TIMEFRAME
Kindly wait for price to find a strong resistance. We will find confluence with other technical indicators for a VALID SELL ENTRY.Kindly remember the year also has OLHC structure with price still being bullish . Pirce in the yearly view is currently within the open of the year 'which is January's' open.
Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
GBPNZD POSSIBLE OLHC STRUCTURE JULYPlease support this idea with LIKE if you find it useful..
OLHC
JULY MONTHLY STRUCTURE
Kindly wait for price to find a strong support. We will find confluence with other technical indicators for a VALID BUY ENTRY.Sellers are still dominating market, we wait for buyers to gain control.
Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
AUDUSD POSSIBLE OHLC STRUCTURE JULYPlease support this idea with LIKE if you find it useful..
OHLC
JULY MONTHLY STRUCTURE
Kindly wait for price to find a strong resistance.
Price appears to be going back up to test last months high hence possibly creating an 'M' pattern.
We will find confluence with other technical indicators for a VALID SELL ENTRY.
Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
Possible reversal on ABSAJSE:ABG has broken through the downward trendline that it has been obeying since 5 June -the stochatic is also looking good for a reversal. If confirmed with tomorrow's price action, I might consider entering a long position with the target at around the 10000 level.
EURZAR POSSIBLE OLHC STRUCTURE JULYPlease support this idea with LIKE if you find it useful..
OLHC
JULY MONTHLY STRUCTURE
Kindly wait for price to find a strong SUPPORT. We will find confluence with other technical indicators for a VALID BUY ENTRY. Remember we still in the first week of the month which means beginning of session traps.
Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
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USDZAR OLHC STRUCTURE JULY & POSSIBLE OHLC CONTINUATION YEARLY Please support this idea with LIKE if you find it useful..
OLHC STRUCTURE FOR MONTH OF JULY & POSSIBLE OHLC CONTINUATION YEARLY SELL SIGNAL 2020
JULY MONTHLY STRUCTURE
Kindly wait for price to find a strong SUPPORT Possibly around 16.33390. We will find confluence with other technical indicators for a VALID BUY ENTRY.
HOUR 4
POSSIBLE OLHC STRUCTURE.
WAIT ON TDI CROSS FOR VALID BUY ENTRY.
Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
GBPJPY POSSIBLE OHLC STRUCTURE JULYPlease support this idea with LIKE if you find it useful..
OHLC
JULY MONTHLY STRUCTURE
Kindly wait for price to find a strong resistance in the daily timeframe. We will find confluence with other technical indicators for a VALID SELL ENTRIES.
Price is currently Bullish in a daily timeframe. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
EURUSD POSSIBLE OHLC STRUCTURE JULYPlease support this idea with LIKE if you find it useful..
OHLC
JULY MONTHLY STRUCTURE
Kindly wait for price to find a strong resistance. We will find confluence with other technical indicators for a VALID ENTRY.
P A T I E N C E
CLS - Strong trend breakJSE:CLS has broken a strong trend line that it has honoured since around October 2018. We could see a downward reversal from this point if confirmed below around the 21600 level.
H&S forming on NaspersJSE:NPN is currently forming a small head and shoulders pattern on the 1D chart. If it continues downwards and confirms the break through the necklinr, we could be looking at a target around the 224000 level.
XAUEUR POTENTIAL OLHC STRUCTURE FOR THE MONTH OF JUNE 2020Please support this idea with LIKE if you find it useful..
*HIGH Probability Trade*
OLHC IN DAILY FOR THE MONTH
OHLC IN THE MONTHLY FOR THE YEAR ( will post analysis for this month end )
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XAUEUR JUNE MONTHLY STRUCTURE
OLHC
(POSSIBLE BULLISH MARKET)
In the Daily timeframe Price is currently lower than the open confirming OLHC possible structure and also there's a Bullish divergence starting from the 1st of April 2020 to current price. Priceline is also diverged. A strong Buy signal will be the cross of priceline above bloodline and also for the daily candle to close bullish.
If it plays out exactly as explained kindly follow these steps in executing a PERFECT BUY ENTRY .
In a Hour 4 Timeframe patiently wait for 'OL' and take trades in lower timeframe. OANDA:XAUEUR
PATIENCE..
Possible ascending triangle breakout imminent on MNPJSE:MNP looks like it could be breaking out of a symmetrical triangle chart pattern very soon.
My sentiment is that it will most likely break downwards, as the resistance level at the top of the triangle is very strong and has been intact since mid April. Once it breaks and closes below the level of the triangle I will consider a short.
GBPJPY POSSIBLE MONTHLY STRUCTURE OHLC(SELLS)Bearish SentimentsPlease support this idea with LIKE if you find it useful.
Kindly wait for the close of Daily candle and a cross of priceline blow bloodline to confirm sells.
When this plays out, find 'OH' in 4HR for coonfirmation and execute trade in lower timeframe.
PATIENCE
NZDJPY OHLC MONTHLY STRUCTURE JUNE 2020Please support this idea with LIKE if you find it useful..
Kindly wait for the TDI cross and close of the Current Daily Candle to confirm if BEARS are in market.
Patience.
EURUSD POSSIBLE OHLC STRUCTURE FOR THE MONTH OF JUNE 2020Please support this idea with LIKE if you find it useful... FX:EURUSD
POSSIBLE MONTHLY STRUCTURE
OHLC (OPEN HIGH LOW CLOSE) BEARISH MARKET
Wait on the cross of priceline below blood to confirm sells.
Longterm Target after the cross will be Liquid 50 line.
After the cross of priceline below bloodline, find OHLC IN H4 to confirm bearish trend.
Monthly Timeframe has a bearish divergence. Bulls still in Control in the weekly timeframe.
* YEARLY STRUCTURE OLHC, MONTH COULD BE A PULLBACK *
Patience
CFR - Broken downward trendJSE:CFR , with today's movement so far, has failed to form a lower high and has broken the downward trend it has been trading in since mid Jan or even further back. A higher high has formed and could mean a move to the upside if confirmed.
USDZAR Waiting on Monthly Structure (Yearly Bearish Sentiment)Please support this idea with LIKE if you find it useful...
USDZAR
MONTHLY FX:USDZAR
Huge Bearish divergence in the monthly time frame. Previous month closed as a sell signal hence we expecting huge sells this month.. Our initial 1st Target has been hit with patience we moving on to the next target 16.33390.
Price line in monthly has crossed below volatility bands indicating a change in trend and we expecting a further cross of the Priceline and blood which will confirm strong Bearish presence in markets. If this cross happens long term Target will be Priceline touching Liquid 50 and also price coming back to the open of the year .
WEEKLY
Priceline is currently crossing below liquid 50. A perfect indication that sells are coming into markets . Patience it’s still too early. We are still within the first week of the month which is term as the open.
DAILY
Current daily Candle looks like a sell signal. Also Priceline appears it wants to cross back below bloodline. Waiting on Daily Close.
For perfect sells kindly wait for OHLC in H4 . Also remember it’s the first week of the month of June .. trade with caution ..
* Waiting to determine Monthly Structure
* Yearly Structure is still OHLC (Sells)
PATIENCE
