Impulse - Correction - Continuation. Typical bull flag setup we take here at VMT. A lot of price inefficiency lies above due to news related impulsive move and market will seek out to blance out inefficiency as well as blast out all stop losses of retail traders that entered with the 'hype' of the impulsive move.
Market closed at key resistance level and a 61.8% Fib confluence of the initial impulsive move down. COT report shows institutions increased their ZAR long positions week-on-week providing further confluence to take this short.
Yet another bull flag formation on this pair heading into German GDP data as a catalyst. Apart from the fundamentals the technicals point to clear liquidity that needs to be captured ahead of the NY session if we are to see an inflation print that could help the Dollar.
Easy Setup - Bull Flag to capture liquidity for the institutions with all the retail shorts executed today. Expecting another top to be created before institutions look for the big sell on this pair next week.
TRIPPLE TOP. CHART SPEAKS FOR ITSELF. AMAZING SETUP.
THREE TOUCH STRUCTURE AT THE TOP OF THE CHANNEL PLUS RESISTANCE CONFLUENCE. PERFECT TRADE.
HUGE OPPORTUNITY DURING LONDON SESSION ON THURSDAY MORNING TO SELL THIS PAIR. EVERYTHING HAS LINED UP PERFECTLY. THIRD TOUCH OF ASCENDING CHANNEL WITH FIB CONFLUENCE. PERFECT SETUP.
Expecting a double top to grab some liquidity for the institutions. Then a free fall for the rest of the week.
Corrective channel could break to the downside. Minimizing risk on tis trade as AUD has been quite strong lately. This is purely a technical trade,.
Simple price action setup. Bounce from 60 Level with an inverted H&S confluence.
Chart speaks for itself. Double bottom - But until 61.8 retracement level.
Right off the 61.8% retracement level of the daily impulse we are expecting price to reverse in typical 4Hr double bottom fashion. Additional entries will be added on the way up. We believe the Dollar bounce is largely unsubstantiated by not supported by solid SUSTAINABLE fundamentals and that the "Yield Story" is just a short lived mechanism to prop up the...
(A DIFFERENT PERSPECTIVE TO THE IDEA WE JUST SHARED) For those of you that are more "Level-to-level" traders - An inverted head and shoulders picture would make a lot of sense aswell.
LLs being formed and we are expecting a final push the the Weekly outer structure before SMART MONEY buys come into play. For now, rising yields take precedent and are the prevailing theme which we expect to undermine the growth in Gold in the interim and push the Dollar up.
Double Top formation. Self- explanatory.
This pair is about to break the BANK. Just ran into a Fib on the 4hour and after a fake break of the corrective structure (liquidity run) its safe to enter this pair for the first attempt. Multiple scenarios exist and we will act accordingly.
Swing short is ready after running into the 50% retracement of the impulse move down. Long term trade with proper risk reward.