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.
Southafrica
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
Old Mutual - Ascending Triangle breakoutJSE:OMU broke out of an ascending triangle pattern in a downwards direction. We could be seeing a small downward move towards the previous low of 924.
Bullish Engulfing & Consolidation breakoutJSE:CLS has been in a consolidation phase since the 4th of May in a sideways move. Today's price action has caused a breakout of this consolidation zone with quite a lot of momentum causing a bullish engulfing candle pattern to form.
If it trades higher tomorrow, it will be looking good for a move to the upside.
Symmetrical triangle breakout on MRPWith yesterday's upward move JSE:MRP has broken through the top of a symmetrical triangle chart pattern. Today's move seems to be confirming the break so far.
If it breaks above the fractal from the 21st of May, I will consider a long position.
Vodacom - Bearish Engulfing candle pattern formingThe market doesn't seem to have reacted well to the restructuring of JSE:VOD today and has formed a massive bearish engulfing candle with today's move. Along with this, it has broken the upward trend it has been following since mid March. If it trades lower tomorrow, I might consider a short position.
Double Top on ANGJSE:ANG has formed a double top around the 52500 level. It has broken through the "dip" between the two highs, which usually is a trigger to enter a short.
We could see a move all the way down to the support zone at the 31000 level.
Naspers - Possible downward move coming up.JSE:NPN has been trending upward since mid-March and with today's opening, it finally broke below the trendline that has formed. Although unconfirmed as of yet, this could mean a move to the downside. I'll be keeping an eye on what happens here next week for a possible short position.
Inverted H&S forming on Mondi PLCJSE:MNP is in the process of forming an inverted head and shoulders pattern on the day chart.
We could see a longer term upward move if the price breaks through the neckline at around the 33100 level. This might take a few days before it breaks this level, so I am just keeping an eye on it for now.
Possible Trend Reversal on ProsusJSE:PRX formed a bearish harami on Thursday last week which is a top reversal signal.
This was confirmed by the break through the upward trendline and the stochastic.
This could mean a move downward for a while if confirmed by breaking below the low of last Wednesday.
Bearish Flag on SANLAMA bearish flag pattern has formed on JSE:SLM . If the price breaks through the bottom of the flag we could possibly see a nice downward move.
GOLDFIELDS - Long in upward channelJSE:GFI has been in an upward trend since mid-March and seems to have bounced off the bottom of the upward channel. We could possibly see an upward move towards the top of the channel.
Anglo American PLCI expect to see upside from here on forward in the market.
Spesifically to anglo the average down turn in 2007-09 we saw 54% losses followed by gradual upside after that. Based on that being one of the worst downsides if not the worst as a major support in the equities market and the luming fact that we might see a COVID 19 cure this year only spells upside. With Economies opening up and lockdowns in South Africa loosening all of this spells positive results for Anglo, this is Anglo PLC, Platinum and Gold.
Anglo PLC I have opened positions in the range of:
32500-33100 BUY
I believe Anglo has show the right methodollogy in the current market and will endure and grow, financials aren't the correct staff of measurement although it plays a roll, the true measurement staff would be where is the plans leading that a company is implementing.
I expect Anglo to be back to the 40000 - 45000 range within the following 3-6 months major upside for day traders and shareholders (newly purchased shares).
JSE 30-Day challenge: Day #4 QFH4th Day. Today we bought some FOOD stocks.
I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row.
Goals:
1. Buy stocks every day.
2. Keep balance at least of ZAR150.000 on 20 June
2. At least 30% of picked up stocks need to hit 25% profit gain.
Rules:
Only JSE stock exchange.
The initial budget is ZAR300.000
Limit per one trade from ZAR5.000 to ZAR10.000
Spend no more than 1 hour per day to buy any stock and publish the idea.
Last day to buy stocks - 20 May
Last day to sell stocks - 20 June
Log:
1st day is JSE:MCG ~9100
2nd day is JSE:NHM ~8325
3rd day is JSE:PBG ~191
4th day is JSE:QFH ~362
JSE 30-Day challenge: Day #3 PBG3rd Day. Today we bought some discounted IT shares.
I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row.
Goals:
1. Buy stocks every day.
2. Keep balance at least of ZAR150.000 on 20 June
2. At least 30% of picked up stocks need to hit 25% profit gain.
Rules:
Only JSE stock exchange.
The initial budget is ZAR300.000
Limit per one trade from ZAR5.000 to ZAR10.000
Spend no more than 1 hour per day to buy any stock and publish the idea.
Last day to buy stocks - 20 May
Last day to sell stocks - 20 June
Log:
1st day is JSE:MCG ~9100
2nd day is JSE:NHM ~8325
3rd day is JSE:PBG ~191
USDZAR SHORT SETUPPotential short setup on USDZAR after breaking out of the channel and retesting it.
Also, take note of the ending diagonal after the breakout and retest.
JSE 30-Day challenge: Day #2 NHM2nd Day.
I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row.
Goals:
1. Buy stocks every day.
2. Keep balance at least of ZAR150.000 on 20 June
2. At least 30% of picked up stocks need to hit 25% profit gain.
Rules:
Only JSE stock exchange.
The initial budget is ZAR300.000
Limit per one trade from ZAR5.000 to ZAR10.000
Spend no more than 1 hour per day to buy any stock and publish the idea.
Last day to buy stocks - 20 May
Last day to sell stocks - 20 June
Log:
1st day is JSE:MCG ~9100
2nd day is JSE:NHM ~8325
Elliott wave retrogradeElliott triangle+correctional waves will see NASPERS deem a double top invalid as the bull market continues. Fibonacci is used to identify an all-time high.
Good luck and follow me for more!
JSE ALL SHARE ABC correction back to the support=resistance where we hope for a breakout instead of a bearish continuation
Good luck and follow me for more!
USDZAR - Long Term Perspective +10 yearsWe are in unchartered territory @Crypto_Curry told me to think about the fundamentals. Trajectory remains for a weaker currency fundamentally, however all countries that have materially large, or at risk twin deficit,s have also felt the pain of a strengthening USD compounded by domestic situation and unknown economic impact of COVID. With no technical reference points at these levels the USDZAR could remain at these elevated levels for longer.
