Angzen

Angzen Updated 

This is an early stage of the possible trend reversal pattern head and shoulder, the key price is at 1.04970, where long possitions can be taken on the 4 hour chart. Please care to keep a reward risk ratio that is greater than 1:1.

Angzen

BTCUSD HAS A TENDENCY TO COIL UP FOR A LONG TIME, AND WHEN THAT ENERGY IS RELEASED IT JUST MOVES LIKE SOMEONE IS CHASING IT... I HAVE ENCIRCLED THE KEY POINTS ON THE SUPPORT OF THE TL... THESE ARE TEXTBOOK MOVES, THEY REALLY ARE TESTING OUR PATIENCE. WE ARE STILL ON THE LONG BIAS, STILL TO BE CONFIRMED WHEN THEY BREAK THE RESISTANCE... SHOULD THEY BREAK THE...

Angzen

A RETEST OF THE TL, DON'T REALLY MIND MUCH HOW I IGNORED THE FIRST WICK...

Angzen

A CLOSE UP TO THE LAST IDEA

Angzen

BULLISH PENNANT ONTOP OF ANOTHER ONE, SEEMS LIKE A BEAUTY TO ME. THE SMALLER PENNANT MUST BREAK THE RESISTANT TRENDLINE FOR BUY CONFIRMATION

Angzen

THE PENNANT PATTERN IS SO BEAUTIFUL ON THE DAILY FRAME, BUT LOWER TF 4HR...

Angzen Updated 

A LONG TERM SELL PROBABILITY SHORTING AT AROUNG 1490S MAKES SENSE, BUT THE BEST EXECUTION MIGHT SHOW WHEN THE RED TRENDLINE IS BROKEN. BUT I WILL TAKE IT FROM 1490SAND APPLY THE STOPS, THIS IS WORTH WAITING FOR

Angzen Updated 

THIS ANALYSIS IS BASED ON A BIT OF FUNDAMENTALS AS I APPRECIATE TRADING THIS PAIR MORE ON FUNDAMENTALS AS IT IS VERY SENSITIVE TO THOSE, THIS TIME AROUND IT MIGHT ALSO BE ONE OF THOSE CASES AGAIN. ESKOM, THE POWER SUPPLIER TO SOUTH AFRICA HAS BEEN IMPLEMENTING POWER CUTS, AND THIS USUALLY DRIVES THE RAND WEAK, AND WITH THE TECHNICAL ANALYSIS THE RAND BEING AT A...

Angzen

I THINK THIS IS A BEAUTIFUL OPPORTUNITY TO SHORT THIS PAIR LONGTERM, IT HAS BROKEN AND CLOSE BELOW A LOW TRENDLINE ON A MONTHLY TF....

Angzen

A POSSIBLE LONG, THOUGH I WOULD NOT COUNT MUCH ON IT SINCE BOTH CURRENCIES ARE UNDERGOING SOME SERIOUS FUNDAMENTALS CURRENTLY.

Angzen

T1= 6750'S T2= 6120'S

Angzen

TARGET 1 =6700S, TARGET 2=6100S, DOUBLE TOP PATTERN OCCURED, BUT HAS NOT BEEN CONFIRMED YET AS NECKLINE HAS NOT BEEN BROKEN, BUT THAT BLUE TRENDLINE WAS BROKEN AND RETESTED FOR A PROPER SELL CONFIRMATION

Angzen Updated 

I JUST CAN'T HELP BUT SEE A LONG, AFTER A DOUBLE BOTTOM PATTERN HAD PAINTED

Angzen Updated 

THERE WAS A CLOSE ABOVE A TRENDLINE, TIGHTER STOPS MIGHT DO WELL FOR THIS ASSET FOR NOW, BUT 109.22'S ARE POSSIBLE TARGETS

Angzen Updated 

I HAVE HIGHLIGHTED THE KEY TRENDLINES SERVING AS SUPAND RES THE PRICE WILL BOUNCE ON, OVERALL MOVEMENT(TREND) IS BULLISH, BUT FOR NOW I AM ANTICIPATING A REVERSAL TO THE 5000'S,THAT IS WHEN I MIGHT BUY.

Angzen Updated 

I SEE A HEAD AND SHOULDER,USDZAR IS AN EMERGING MARKETS AND THESE MARKETS ARE CURRENTLY GOING THROUGH A HARD KNOCK, AND WITH THE COMING ELECTIONS IN SOUTH AFRICA ON WEDNESDAY I FORESEE AN EVEN WEAKER RAND.WE MIGHT SEE A RALLY FROM 14.50'S TO 15.20'S OR EVEN HIGHER DEPENDING ON THE OUTCOMES OF THE ELECTIONS.

Angzen Updated 

THERE SEEMS TO BE A DAY FRAME H AND S PATTERN, AND IF IT PLAYS OUT WELL, IT WILL REACH TARGET 2, ESPECIALLY IF BRITISH FUNDAMENTALS GO TOO BAD THAN EXPECTED. YESTERDAY WE HAD A REVERSAL PATTERN(PIN) EVEN WHICH ALSO WAS A RETEST OF THE NECKLINE REGION OF THE H AND S. STOP LOSS GOES ABOVE THAT PIN.

Angzen Updated 

The USD seems stronger across the board, and GBP is also as strong, but the technicals favour USD, and there is also a head and shoulder pattern I have left out due to some reasons, but a sell seems like a good trade for now. remember stops.