Southafricantrader
CHF/ZAR - More pain for the rand t R22.00 - SHOCK WARNING Cup and Handle and a Falling Flag has formed on the daily with the Swiss Franc versus the South African Rand.
There was a one month consolidation and retracement. And now it looks like the buying and demand is kicking in again for the CHF.
We are looking at all yearly highs soon.
7>21>200
RSI=50
Target R22.00
QUICK STORY~!
I was in Switzerland in February and just a three day stay at a basic hotel was R13,500. It's scary to think how depreciated the rand is to this currency and how expensive living day to day is in Switzerland.
A simple Fondue meal with beer can cost up to R4,000.
A simple tea at a restaurant can set you back R120.00.
It is truly a beautiful country with the freshest air and amazing people with drive and ambition. But this is one country that is a privilege to go to if you're from South Africa.
Hence, I really hope I am wrong and that this currency doesn't continue to depreciate the rand.
Have you been to Switzerland and how was your experience?
Us30 Week AnalysisAs much as Bias can be implemented at the end of the day respect the algorithm.(behaviour based on time)
Us30 ExecirseI have taken you through last week pointing day to day was was going to happen and every day went as I pinpointed. Today is your day to navigate your way through this annotations I have put on the chart do not try to chase the trades. today I'm sitting out due to so much heats(profits) since last week. For those that have been going following my Tradingview and have been executing with my help, do not trade today, rather study this chart and if the edge kicks in go with paper trading we have made so much from since last week. watch and learn
Result and fundamental reviewus30 Fundamental executed. I walk the talk,. there is more to trading. it is not about finding ways to beat the algorithm that is a myth and a gimmick
us30 FundamentalIf you want to be consistent, understand what the algorithm and how it play around with price. stop paying attention to these closed doors traders that always post before and after, ask Hank to do it live to. I promised this video here it is.
Us30 Bias on the Manipulation side overall my bias is still bullonce us30 deep we know that is manipulation. Looking forward for delivery to the upside. therefor target buys only. do not force them. Anything to the downside won't be long term. Keep an eye for ICT OBS on 5 mins and 15 mins. IF NOT LET THE FUNDAMENTALS LAY OUT THE SETUPS AND TRADE AFTERWARDS. Keep in mind yesterday's candle. those rectangles are ICT OBS ON 5 MINS
Us30 BullishUs30 is bullish but there are key levels that could contribute to the manipulation to the downside. My main interest is to see us30 Purging out liquidity to the upside. Any Repricing to the downside keep an eye on those 2 levels annotated if we deep further down. but I'm anticipating a lot of volatility due to wrapping up the week having objectives being fulfilled. Level 33280.70 to 32917.16 is a key level if not Friday does reprice into it before taking out the targets next week Tuesday or Wednesday could trade into it creating the low of the week. Besides all this Bias is Bullish
Us30 Bullish with Potential DrawdownUs30 is bullish but due to Distribution from yesterday leaving a big inefficiency, that could be a potential drawdown for repricing but it is not a must to pull back. If it does not offer me buying opportunities where it is now and it deeps I will be looking for buys after repricing if we start off with manipulating to The downside. Today I would say sit back if not participate with less risk today.
Us30 Long Daily BiasWe created the low of the week yesterday. Looking forward to us30 taking the recent highs once we resume to the upside today. During the New York Session