Shingi_Lesetedi

Shingi_Lesetedi

Price has formed an imperfect head and shoulders pattern but is still below a key level which might pose as resistance. Waiting for a clear break of structure before buying on a pullback.

Shingi_Lesetedi

We can see price beginning to slow down and accumulate orders, either to continue to the upside or reverse to the downside. On the 30 minute timeframe there is strong RSI divergence present suggesting price might reverse. A conservative entry would be to wait for a clear break of structure before looking for shorts.

Shingi_Lesetedi

NZDCAD has broken out of a downward channel and is showing healthy bullish structure. Best buy would be to wait for another test of the broken resistance level which should hold as support, or go to lower timeframes and catch the trend on a pullback.

Shingi_Lesetedi

Wait for a break of structure and retest then go long to marked profit target zone. This is the 61.8 level on the higher timeframe fibs from the last swing high.

Shingi_Lesetedi

Price has been correcting downwards to a key support trendline and the 61.8 fib level. This area will provide a low risk buying opportunity if we get a bullish engulfing candlestick and a structure break on lower timeframes. If price breaks below both, bias will shift to short and we'll look for a retest entry.

Shingi_Lesetedi

Current price action provides a trade opportunity to the upside with stops just below the demand zone. The Daily Key Level will be used to manage first trade and look for another entry long on lower timeframes.

Shingi_Lesetedi

Upward trend structure with possible formation of new impulse to the upside. Best entry would be at 50% or 61.8% retracement levels which hold as zones of support.

Shingi_Lesetedi

GBPCHF is trending downwards and has printed a possible lower high at a monthly resistance level. This offers a high probability short bias. Price might move higher to test the resistance trendline. This could be traded to the next support monthly level and possibly lower if support trendline is broken. Its advisable to look for lower time frame entries and...

Shingi_Lesetedi

EURGBP is in a key buy zone which is the monthly support area. Take a look at your monthly chart to see it more clearly. Price has made its first push and retracement to the upside. We'll be looking for long entries in the direction of the trend at the 61.8 level which is also a key mirror level. Targets will be the 0% and -27%.

Shingi_Lesetedi

GBPJPY has broken the Head and Shoulders pattern and is now at key support level. If we see price retrace from this level we'll be looking to go short at fib levels 38.2, 50.0, 61.8, 78.6 and 88.6 percent. This will depend on the price action we get. 88.6 will be the lowest risk entry with the monthly zone center point as confluence and head and shoulders neckline retest..

Shingi_Lesetedi

Price is trading within a falling wedge pattern and is approaching key fib levels 50% and 61.8%. A rejection of these fib levels could be a signal to go long to the last swing high and possibly to the all time highs.

Shingi_Lesetedi

EURJPY has hit a demand zone and bullish rejection candles are being printed. Price might rally to the trendline highs and a potential supply zone and make yet another bounce. I'll be looking for short entries at the supply zone and when structure is broken looking for entries on the retest.

Shingi_Lesetedi

When starting analysis from the monthly, we can identify much more clear price movement. Depending on how you draw your trendline price appears to have broken out of a triangle pattern and has not closed back inside it yet. This suggests price could push higher. However, the mirror level at the 1360's area suggests price might gravitate down to retest it. I'll be...

Shingi_Lesetedi

Price has been trading within a range with a drop in its ATR. The best place I'll be looking for a buy opportunity is at a key support trendline which aligns with the bottom of the range. Price action candle stick patterns will be key before initiating a long position. Long term target being the top side of the range which aligns with resistance trendline.

Shingi_Lesetedi

USDJPY is trading within a rising wedge pattern and approaching a key resistance trendline and a retest trendline. It is a good place to watch for a short entry on lower timeframes.

Shingi_Lesetedi

EURUSD has broken a key support level and has come back to retest it. We should see more downside in future to the last swing low at least. If price breaks and closes above the 61.8 level then short bias needs to be reassessed.

Shingi_Lesetedi

Price has been rallying up since the 3rd of September. We have been consolidating for a few weeks now forming a bullish triangle pattern which might suggest accumulation before a push higher to the marked sell zone. Provided we get decent price action at the top sell zone which is also a mirror level since price rolled over we could go short. If price creates a...

Shingi_Lesetedi

Price has rejected a key support level and we are likely to see a rise in price, possibly to resistance marked. But beware, beginning of the week might present stop hunts and price spiking lower. Risk properly.