Agink

Agink

the huge drop was also a correction from what happened last week, the markets are allowed to move a specific range on a weekly timeframe. follow for more charts analysis.

Agink

looking at the patterns forming with the election delay could lead to good swing opportunities for traders. our first target is the 50 EMA followed by the resistance level. entry will depend on your risk management ratio like and follow for more updates on the pair. feel free to comment with a link to your chart.

Agink

we see a support that it failed to break, it bounced on the level which was set on level 2 consolidation. this could be changed if they constantly trade around that zone. Sasol is best left alone for now as it is unclear with its movement.

Agink

patterns are said to be the same across all instruments, we are currently seeing a rest before further downside movement. for sasol to rise we need strong bullish moment as oil is taking a hard hit which also affects sasol.

Agink

volatility is used to wipe out small margin traders who do not use risk management. our previous analysis was voided on the second play, our first play prediction was respect. The elections indicate that if biden wins, the dollar weakens, the chart currently broke out of a consolidation with a rising candle, failure to hold the 1930 in the next week it could mean...

Agink

as we discussed on the previous published chart that if it fails to break the level we sell hard. i hope you applied money management and enjoying the profits.

Agink

the first step has been completed, we are now waiting to see if the level holds or breaks. failure to hold the level then step 2 becomes invalid. lets wait and see how the market reacts on the 137.225 zone.

Agink

updates* possible spikes to take out traders within 50 pips range margin, the play is unknown but the pattern is shown on the charts, our expectation of the pair is bearish and we expect the elections to push it further down. AUDUSD has been declining and it is not yet ready for recovery.

Agink

the market is known to ignore trends then correct, we might see a pin to the top followed by a correction to the bears dominance trend. if you want to trade the election, make use of pending orders with SL.

Agink

Head and shoulder formation present, we are currently trading below the support at 0.70268 a close below this support line could mean more down side for the AUDUSD pair, while a close above the support line could lead to 0.71000 zone. always apply risk management when trading.

Agink

we have been monitoring the pair from a bigger time frame to spot the long term direction. as indicated on the chart, a downside is only expected upon breaking the lower high neckline support. with the upcoming elections, our bias could be confirmed or voided. USD/xxx pairs are showing signs of a bullish momentum, if this is correct a sharp decline will be seen...

Agink

long term bias is bearish, bulls will take control before the bears as indicated on the chart.

Agink

always remember to apply money management, for entry you can use small time frames.

Agink

a false break was seen before the true trend formed. more downside expected on the pair.

Agink

i am clearing the drawing chart, and creating new analysis. as you can see AUDUSD is complete and reached the expected target. next week i will post a new AUDUSD chart.

Agink

patience is challenged the market, if you are an impatient person stay away from the market. i advise traders to wait for the market to correct after the elections, trading now won't be in your favour. XAUUSD might hold the level and consolidate.

Agink

always remember that nothing is guaranteed in the market, setups are often invalid. This is based on what we see on the charts, the chart is currently showing downside movement for mtn group. like and follow to see more updates and analysis.

Agink

bullish dominance, without any scandals this can be a good investment with little downside risk.