USDZAR | Weekly | UpdateLooking at USDZAR on our weekly chart we can notice that USDZAR has been failing to break to the downside as has been respecting our previously outlined levels. To elaborate further we can take note of the fact that USDZAR’s failure to break through our 17.50xxx Psychological level confirmed a new higher low on the pair after which it started rallying back up and is now trading above our 19.0xxxx price point; we can also take note of the fact that after USDZAR failed to break our 17.50xxx level creating a new higher low it gave us the opportunity to identify the formation of that bullish channel within our already existing long term bullish trend.
Now looking to the right on USDZAR we can notice the possibility of it creating a new all time high between our 20.50xxx and 21.50xxx respective levels and considering the current economic climate in South Africa and the upcoming elections causing further instability in the ZAR so we could possibly see the USDZAR head towards these levels as we head into 2024.
Zartrader
US100The perfect trade, If you placed a buy stop or buy limit either one was triggered and did an amazing thing.
Move SL into profits or BE but do not donate back what you just took from the market.
US30Manually closed as this is going to be interesting but I'm watching for the close of the next two candles to determine what my next move should be.
US30If you didn't close or move SL into TP your morning is a cup of tears. Manually close, we are seeing a reversal possibility
US30I honestly thought this would trigger tomorrow but bottoms up right. Either way move SL into profit if you are going to sleep or close with your current profit. Riders and chancers will let it either hit SL or TP, (NOT RECOMMENDED, THAT THING ABOUT TIME AND BROKERS)
US100On my trade TP hit, here we are just a few points away. So different brokers obviously offer different spreads and this will affect your trades, so take that into consideration with brokers.
US100Here my analysis hit SL, but my actual trade hasn't hit SL so now we in Profit and we move SL into profit.
GJIt had a double bottom, previously tested level that wasn't broken, engulfing bullish candles, long term bullish structure and it is one of the patterns I trade. Earlier I couldn't explain but this is why I had placed my Longs here and SL just under previous lows. Those that are busy move your SL to just into profit or BE, the market is not your fathers house remember that when trading.
US100I had FOMO from not entering the market this week, this was practice analysis. Didn't take the trade but just monitored. Missed the TP by a few points, but that further suggests that our trading edge is sharp but could (and will be) a lot sharper.
US30Same as US100, I went in without a SL. My forecast and market structure all had a hand to add in my belief of direction. Yet it was risky, it did pay off and my TP was hit, think due to spread offered by my broker. Tomorrow is another striking day, so let's prepare and put on our belief and education.
BTCUSDIt was a good in and out analysis, but because I didn't anticipate it to enter so early I got stopped out. But it was a good lesson, in that check the time frame you are forecasting in so you know how often you should check if orders have been triggered and when they are just how much managing needs to be done. (excuse the bad English composition)
US100I really was too early yesterday but this time our risk paid off. With the possibility of a possible stop hunt, I went in with no SL but had a TP which was inline with my trading plan.