Mike_SnD

Mike_SnD Updated 

Current Situation The initial short position entry at $31.24 has not been triggered as the price has evaded the order thus far. Instead of chasing forced entries, a more disciplined approach involves waiting for the price to come to us. Based on the latest market movements and technical analysis, two updated trading plans have been mapped out to capitalize on...

Mike_SnD Updated 

As the South African elections draw near, there's heightened anticipation about potential political shifts. However, substantial changes are necessary for the current government to be unseated. In this context, the USDZAR is approaching a critical demand area between 17.42-17.88, where buyers previously stepped in. This zone could be a pivotal point for bullish...

Mike_SnD Updated 

Ah, the sweet smell of summer! 🌞 While everyone else is hitting the beach, we're hitting the charts. The US 30 has dipped into a Daily and H4 Demand zone, teasing us with a lovely ChocH on the H2 Time frame. 📉 But don't fret! The low of 37,699.8 is our rock-solid structural low. If it gets taken out, we might have to rethink things, but for now, it's looking like...

Mike_SnD

📅 Current Market Conditions: Gold has been consolidating at various H4 and Daily demand levels. These areas are typically where stop hunts occur. At some point, this downward channel is expected to break, expanding the trading range. 🔍 Market Analysis: Consolidation: Gold is currently consolidating, indicating a potential for stop hunts. Downward Channel: Expect...

Mike_SnD

The GameStop (GME) story continues to captivate both retail traders and Wall Street veterans alike. 🏆 While the epic showdown between retail investors and hedge funds last year marked a significant chapter, recent developments indicate that this saga is far from over. Let's take a closer look at the latest twists and turns in the GameStop narrative. A Rocky Start...

Mike_SnD

📅 New Week, New Month: As we stepped into June, new players entered the market. We were near crucial buy zones for gold. We anticipated a significant move should the 2277.345 level break, potentially opening the chart for a more substantial drop. 📉 Monday's Plan Execution: Plan B: Worked out perfectly. Early on Monday, the market hit an H4 buy zone right after...

Mike_SnD

📅 New Week, New Month: As we step into June, new players are entering the market. We are near crucial buy zones for gold. Should the 2277.345 level break, we could see a larger move down, opening the chart for a more significant drop. 📉 Plan for Monday: If there are no gaps over the weekend, the plan is to enter as the market opens. Typically, Monday's trend...

Mike_SnD

📉 Recent Price Action: Last week, we saw the previous week's low being swept, taking sell-side liquidity. For those unfamiliar, sell-side liquidity refers to the stop-loss orders and sell orders accumulated below a previous low. When these are triggered, it provides the liquidity necessary for larger market participants to enter buy positions at lower...

Mike_SnD Updated 

It's Been a Long Time, Glad to be Back! 🚀 Hey TradingView fam! After a long hiatus, I'm excited to dive back into the charts with you all. Today, my focus is on the JSE Top 40. With upcoming elections in South Africa and approximately 130 other countries going to the polls this year, we're bound to see some market volatility. But will this lead to a bear market?...

Mike_SnD Updated 

📅 Monthly/Weekly Chart Outlook: Expect some ranging movement in the upcoming sessions. 📉 Recent Price Action: This morning, we saw the previous week's low being swept, taking sell-side liquidity. For those unfamiliar, sell-side liquidity refers to the stop-loss orders and sell orders accumulated below a previous low. When these are triggered, it provides the...

Mike_SnD

The clock is ticking as we approach the 6pm deadline Friday for Anglo American PLC to respond to BHP Group's takeover bid. This is a significant moment for both companies and the mining industry as a whole. Let's dive into the charts and analyze the current situation. Daily Timeframe Analysis 📉 Looking at the daily chart, the price of Anglo American PLC has been...

Mike_SnD

Overview: In recent trading sessions, the Canadian Dollar (CAD) has displayed weakness, particularly since encountering weekly supply levels. However, there are indications that the CAD might be poised for a turnaround, especially as it approaches a daily demand zone. Analyzing the charts, we observe a potential opportunity for CAD strength, with key technical...

Mike_SnD Updated 

Explore the correlation between the price fluctuation compared to how the sentiment has evolved over the past months. Sentiments below the 35% or above the 65% thresholds, combined with a price moving in the opposite direction, could imply a contrarian signal. Time to sit on the side here

Mike_SnD

We have no Cot Data this week, report hasn't been released. Ill await new fresh data and sit this week on the side line wait for price to come into my zones.

Mike_SnD

We have filled an important Fair value gap on the daily, its time to be neutral and wait for a break of either side. And trade a possible range. Looking at seasonality if the USD comes back into a bullish sentiment we could see big sell off here. Its time to sit back and watch the show

Mike_SnD

Oh dear, Equal highs has been taken, a Bearish supply zone has been hit. Let's see retail traders start Selling here, as they are net short before NFP. I expect price to break supply here, let's wait and see. We can also see on the COT report massive shorts on the Vix being added last week, which should mean that we wont see any risk off sentiment for sometime

Mike_SnD

Oh dear, Equal highs has been taken, a Bearish supply zone has been hit. Let's see retail traders start Selling here, as they are net short before NFP. I expect price to break supply here, let's wait and see. We can also massive shorts on the Vix being added last week, which should mean that we wont see any risk off sentiment for sometime

Mike_SnD

Based on Seasonality the USD could see a rally during the start of February based on 25 years of Data, Reasons for this is shifts in money rebalancing of portfolios, Tax Season etc. DXY has liquidated the lows, should we start establishing a trend on H4 ill short my bias to getting back long on USD and short on stocks and gold.