XJSE_BHG_CFD trade ideas
BHG - Head and ShouldersA Head and Shoulders pattern has formed on JSE:BHG and with yesterday's downward move, our order to go short was triggered. The target of the H&S lines up nicely with the support level at around 520. If this downward momentum continues, I think it's safe to say that we will reach target on this trade.
Bullish Harami - BHGA bullish harami pattern has formed on JSE:BHG which is a bottom reversal signal. Although it hasnt triggered our order just yet, if it moves in an upward direction, the stochastic, MACD and EMA's will most likely signal a trade as well, hopefully this harami pattern will get us in the trade earlier than our momentum strategy indicators would have.
