ForexCollege

ForexCollege Updated 

With bulls really flexing muscles here on Gold, I have plotted Fibonacci Projection levels and a channel to get an idea of where the price might go and where it might find a bit of resistance. I will see the areas where the channel lines and Fibo projection lines intersect as areas of importance.

ForexCollege

I've applied a Fibonacci retracement to the strong bearish momentum on the USDZAR pair. The Fibonacci levels are acting as resistance, or what I like to call the "defense lines." Currently, the price is hovering around the final bearish defense line. If this level is broken, I anticipate the price moving higher towards the next resistance at USDZAR 18.000. To...

ForexCollege

My bias is bearish and I do anticipate more seller to join. Will keep this om my watchlist. As a trader I always consider all possible move the price might take, and then select the move with the highest probability to succeed as my strong setup. Entries are normally on lower timeframes and I look at 1H/4H timeframe for signal generations using trendlines,...

ForexCollege Updated 

Since 1994, after each election, the South African economy has grown progressively weaker.

ForexCollege Updated 

Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To...

ForexCollege Updated 

Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To...

ForexCollege Updated 

Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe and speedlines to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer...

ForexCollege Updated 

Here we are looking at the Pivot Point and the price is trading right at this important level. There are up coming elections in South Africa later this year and this will have a major impact on the value of this currency pair. Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead,...

ForexCollege Updated 

Interesting pattern here!!, can the world push for a once a year environmental lockdown of a couple of weeks? If they get their way we might just see this pattern plays out. Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down...

ForexCollege Updated 

Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To...

ForexCollege

Possible head and shoulder pattern. Not in a trade yet as I will look at lower timeframes to time my entry and get a more feasible RRR. However in trading I consider all possible setups the price can make and if the pattern don't play out as classic technical analysis I will look at the Symmetrical triangle and trade it as an alternative.

ForexCollege Updated 

Tentative Head and Shoulder pattern on the daily. Triangle pattern with Head and Right Shoulder levels. Consider all possible move the price can take, and trade the setup with the highest probability. My bias at this time still bullish. Will use lower timeframes to track momentum, and pick entry and exit points. The content on this analysis is subject to change...

ForexCollege Updated 

Tentative pattern, anticipate setups indicated on chart. Will use multi timeframes to read momentum and help with entry decisions. bias still bullish, for now.

ForexCollege Updated 

Resistance was reached, as indicated on the chart. The bulls demonstrated significant strength following an accumulation phase. It remains to be seen whether they can push prices higher to the next resistance level, around 3.439.

ForexCollege Updated 

Get ready to groove with this trading insight! Picture this: the market's in the midst of a tantalizing dance, swaying within the rhythm of a tentative reversal pattern. But hey, as a savvy trader, I'm not just here for the main beat—I'm vibing with all the potential moves this price could make. Now, if support decides to take a little breather and breaks, I'm...

ForexCollege Updated 

Hey traders! 🌟 Here’s the scoop: we’ve got a tentative head and shoulders pattern forming on our charts. Why "tentative," you ask? Well, it hasn't confirmed itself just yet. This setup hints at a potential trend reversal, but let's not jump the gun. 🔍 What to Watch For: Early Warning: Think of this pattern as a whisper of a possible trend direction change....

ForexCollege Updated 

Alright folks, let's vibe with the market rhythm. Sure, we've noticed a bit of a chill in the bearish vibes lately, but hey, don't go diving in headfirst just yet. The price is still cruising below that downtrend speedline, so we gotta keep our cool. Time to channel our inner candlestick whisperer and ride those lines like a pro. If we start sensing some bullish...

ForexCollege Updated 

The price retested the neckline of a head and shoulder pattern with a bearish reversal candlestick. As long as the price remains in the down channel created by the Support and Resistance Speedlines I anticipate the price to remain bearish. I have two lower trade management areas indicate on the chart. I will use lower timeframes to time entries and get a better...