SLM sideways channel from April '18JSE:SLM has been trading in quite a strong sideways channel since last year April. It is likely that it will bounce off of the bottom of the channel and head upwards.
ZAR
USD/ZAR: Long Term Bullish scenario !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Possible bounce off bottom of channnelJSE:TBS has been trading in a sideways channel since early November last year.
It is currently at the bottom of the channel and seems to be bouncing off.
We are aiming for the resistance level at the top of the channel.
Usd/Zar Buy more Buy More :) . Everything on the chart you need to follow the trend . )
many thanks.
MTN headed for gap closeJSE:MTN has been trading in a sideways channel since late September 2018. It has now broken out of this channel, having moved up strongly the last few trading days. It is ready for a long position, and the target is the gap close.
Also bear in mind that it could possibly retrace back to the support level and bounce before it goes further up.
RMH Fib RetracementJSE:RMH is in an upward trend and seems to have just finished with a retracement which bounced perfectly off of the 61.8% Fibonacci level.
If my predictions are correct, it should continue in an upward move for a while all the way back to the previous high and possibly even beyond.
Usd/Zar Buy after Pullback !!Hi All ,
I'm going to wait for a pullback and buy . If you use 5mins chart you can get a perfect entry .
current trend (Bullish ) Trending Market.
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USDZAR approaching resistance, potential drop! USDZAR is approaching our first resistance at 6.88562 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 6.79766 (horizontal overlap support, 23.6% fibonacci retracement).
Stochasticc (55,5,3) is also approaching resistance where we might see a drop.
USDZAR - Daily Key Elements Key levels to watch out for, please refer to our 4 hour chart for a strategic view!
USDZAR Breaking Key Resistance - Big Targets!With the break of the current resistance, USDZAR is set for 15.50 and a possible 17 later this year! The light blue structure indicates a possible formation which will delay the rally but will still be of bullish nature and have the same end result.
USD/ZAR Daily ShortRSIMACD at previous resistance
Daily candles looking trash
Staying within channel
FED is about to committ
Go south africa woohoo
EUR ZAR SHORT ON DAILYSince September 2018 this pair has been forming new lower lows and higher lows . As of now, there are many confluences that may show some further downside movement. the pair is reaching the 61.8% FIB, which is exactly at the resistance trendline. This would form a new HL
Possible ReversalPossible reversal on JSE:RNI because of the bearish harami that formed at the same level as a previous high/resistance.
Long on RDFI have entered a long position on JSE:RDF as it had formed a bullish harami on Friday which often signifies a reversal. It traded higher this morning and triggered my order.
Aiming for the significant resistance zone around the 1050 area.
Gap to close on ANGJSE:ANG has formed a bearish harami which is a strong reversal signal. This could signify a change of direction to a downward move. There is also a gap to close that formed on the 20th of Feb.
Gaps tend to act as magnets for the price and like to be closed. I have entered a short position and will look to close either once the gap has been closed or further down at 18000. The 18000 level is quite a significant support level, so I wouldn't be surprised if it went down to that level.
EURZAR: Short opportunity on the 1D Lower High.The pair is trading on a long term 1D Channel Down. With both 1D (RSI = 51.944, Highs/Lows = 0.0000) and 1W (RSI = 47.364, Highs/Lows = 0.0000) neutral, we have a strong sell signal on the Channel's Lower High. TP = 14.8000.
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Cup and Handle Trade on INL & INPJSE:INL has formed a Cup and Handle pattern which is a bullish continuation pattern.
"As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance." (from Stockcharts.com)
I have entered a long position on today's price action as it has broken through the level at the top of the cup.
To establish the target, I have measured the depth of the cup and extrapolated it upwards which goes all the way to the next resistance level.
THE EXACT SAME STRATEGY CAN BE APPLIED OT JSE:INP
USD ZAR SELL (US DOLLAR - SOUTH AFRICAN RAND)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
