Shingi_Lesetedi

Shingi_Lesetedi Updated 

Price is trading within a channel and at a major resistance zone. Check your daily timeframe to see it clearly. We also have the 50ema on the 4hr providing strong support. Head and Shoulders pattern as you can see is almost complete. Short when price breaks channel + head and shoulders neckline + 50ema for a good setup. RSI also has a flag pattern for extra...

Shingi_Lesetedi

Waiting for price to get down to the key level marked and show us a false break before going long.

Shingi_Lesetedi

Price is at a key monthly and weekly resistance level currently. And we are seeing a rejection from the highs and a possible swing failure backed by RSI divergence shown here. The wedge pattern is what I'm looking to trade upon a break and possible retest of the pattern. Trading price all the way to key support if price rolls over bearish long term.

Shingi_Lesetedi

Price is at a support zone and is rejecting with an swing failure pattern. Of course wait for the candle to close first before considering a long position to recent resistance highs. Depending on how it plays out we could hold expect a rally up to 8600's. Adding positions where best.

Shingi_Lesetedi

Perfect Bearish Bat pattern which aligns with a key resistance zone. Possible short opportunity here with stops above resistance. Proceed with caution as the Brexit deal and voting are underway.

Shingi_Lesetedi

GBPJPY has been falling since breaking 140's support. Price is now gravitating back to this level and is getting nice rejection from what should now be resistance. Bump and Run pattern is complete and we're looking to short price as it reacts to this level.

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GBPNZD has reached the yearly resistance zone and already, we are seeing bears starting to take control of price. Steep trendline break and retest completed. Bump and Run also completed. Looking to see a strong push down possibly all the way to 19500's

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Price has completed a bullish cypher pattern which aligns with a decent support level. Looking to trade to 0.63245. Lock profit at the B point of the pattern indicated by the white line as price is yet to gain strong bullish momentum.

Shingi_Lesetedi

Almost perfect bearish shark aligning with key resistance zone presents a fair short opportunity.

Shingi_Lesetedi

Price has broken a trendline which has held as far back as June 24th. As long as price maintains its bullish momentum we could expect price to reach as far up as 1.11585 which would complete a bearish cypher pattern. This short opportunity targeting 1.10576 support.

Shingi_Lesetedi

Price broke consolidation structure and began to push towards a key support zone. Anticipating a retracement to the 50/61.8% area which will align with the 50ema and daily pivot to look for a short trade. Price action will be key as price must show rejection to this area before looking to go short.

Shingi_Lesetedi

EURAUD is at a key monthly resistance level and is yet to roll over into a downtrend which we can short. A head and shoulders pattern is present showing price making lower highs. Waiting for a break of the neckline/trendline and a retest on lower timeframes to look for a short trade. We also have a double top formation which aligns the 50% fib level. Aggressive or...

Shingi_Lesetedi

USDJPY has reach a strong level of resistance. Swing failure pattern is complete and we're waiting for a momentum shift to the downside before looking for short entries. RSI is in overbought territory and we are waiting for it to break down as well.

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Since breaking downward trendline and retesting it we have seen an uptrend on this pair. Price is currently struggling to push higher at a resistance level. We also see the RSI above the 70 level so we can expect a possible pullback to the trendline that is acting as support.

Shingi_Lesetedi

We've seen a first wave of the bears and a nice fib retracement and rejection at the 50% fib level. In addition we can see a bearish flag pattern. I'm looking for price to push further down having a secondary target at the 1.618 level.

Shingi_Lesetedi

This pair has been moving within descending triangle pattern and its currently in its swing towards the support area. When price reaches this area I will look an opportunity to place a buy trade.

Shingi_Lesetedi

Simple setup on this pair. Price is slowly pushing lower and right now might be in a corrective phase. I'd wait for a trend line break and target the previously rejected lows. Be wary of traps.

Shingi_Lesetedi

We've seen a strong rejection from the upside and it looks like we might be starting a new downtrend on this pair. The first impulse wave has completed. I'm waiting for a correction wave two, where I will place my entry near the 38.2/50/61.8 fib levels before price sells off lower in the third wave. First fib extension target is 1.0 and the second target is 1.618.