KhayalethuMbewu

KhayalethuMbewu Updated 

Hi Traders Gold has been trading in a bearish channel which broke the descending trend line,we got our retest on new support,price still maintains a hold above the 25 % 50 EMA...My target is targeted at the previous high and SL below the 88,6 fib

KhayalethuMbewu Updated 

Hi Traders price has rejected from the 61.8 fib retracement looks like bearish momentum has kicked in on this short after the strong bearish candle price has printed 1st Target is located at previous structure level.my initial target would be the end of the 5th wave taking into consideration that my entry is not right at the resistance level .a close below the 25...

KhayalethuMbewu Updated 

Price has been forming a rising wedge..broke to the downside...my entries are made after the retest the wedge pattern price has shown rejection at the 78.6 fib Stop loss is placed above the previous high Target is at the previous low.

KhayalethuMbewu Updated 

Hi Traders Looks like we have a rising wedge forming on the hourly price is expected to break out to the downside,The RSI is printing lower lows while price is printing higher low,The break and close outside of the ascending trend line will trigger my trade SL & TP on chart.

KhayalethuMbewu Updated 

Hi Traders Price has formed an inverted Head & Shoulder pattern on the 4H TF,price has broken the neckiline what is expected is follow through of price to head higher,price has managed to close above the 25 & 50 EMA, TP is projected slightly below the previous high my SL is below the 78.6 fib retracement & below the right shoulder.

KhayalethuMbewu Updated 

Hi Traders Price broke the resistance line on this wedge pattern retraced back to support then accelerated higher after the rejection ,currently price has been respecting the new ascending trend line on our slight pull back price has printed a bullish engulfing candle my entry is now triggered.

KhayalethuMbewu Updated 

Gold has been rising from the hectic fall so looks like we forming 5 waves higher,so since price currently forming the 4th wave i will anticipate buying the rise of this pair, stop lose placed below the high of wave 1 and my targets at the 1.764 fib extension

KhayalethuMbewu Updated 

Hi Traders my current trend bias is short on this pair,we are currently on our way to completing the 4th wave so we could expect price to either bounce from the current price or it could spike higher on the 61.8 fib retracement which lines up with my counter trend TP on a shorter TF.once we see price reject and follow through to the down side we could expect...

KhayalethuMbewu Updated 

Price has formed a head & shoulder pattern on the daily, and on the 4H TF we are currently trading in a descending channel and price has rejected off of resistance...on the daily the neckline has been broken and a nice retest has printed with the neckline & the descending trend line protecting our stop loss then we have some great potential to the downside with a...

KhayalethuMbewu Updated 

Price was forming a wedge now price has broken the ascending trend line.another positive factor price has closed below both my 25 & 50 EMA

KhayalethuMbewu Updated 

Price has been trading in a parallel channel so now we have rejected the resistance line on the 4H we have rejected the 25EMA showing selling power at that area.

KhayalethuMbewu Updated 

Hi Traders Price broke the Ascending trend line and has given us a retest of new structure resistance..price has close below both 25 & 50 EMA's follow through lower is expected on this pair targets are at the previous low stops above 61.8 fib and above previous structure high.

KhayalethuMbewu Updated 

Nzdchf.. has broken the ascending trend line a close below 25 & 50 EMA will trigger my trade...targets are @ previous support.

KhayalethuMbewu Updated 

Price has been trading within this triangle pattern,Price also rejected the 25 & 50 EMA following with a bearish engulfing candle,this trade will only be taken on the break & Close,my target is placed at the previous low and stops have been placed above the resistance line of the triangle pattern.

KhayalethuMbewu Updated 

NZDJPY has broken ascending trend line and looks to have given a push lower my entry is not active, im expecting price to head down to the support line of the daily channel

KhayalethuMbewu Updated 

Auzzie Swiss Franc has been forming a head & Shoulders pattern trade will be taken on the break and close below neckline ,till then trade not taken yet

KhayalethuMbewu Updated 

Eurnzd has reached the channel's resistance and has shown signs of rejecting that level..we bounced on our EMA's and used it as a shield of resistance so we also got a bearish engulfing candle close which triggered my entry.

KhayalethuMbewu Updated 

Price broke the daily major Resistance line..now price has been on an exhaustion back to new structure support line, while forming a triangle, while we look at the triangle price pushed breaking the triangle resistance line, i also notice divergence on the RSI...i will wait for the pull back only then my order will be triggered. No Trade Taken Yet!