gmmbalane

gmmbalane

Bearish butterfly on D1 has been invalidated, but a slight pullback before a bullish continuation, the overall trend is bullish, a descending channel on H4 has been broken and is being retested, bearish divergence to 1.845, as demand zone 1.840 holds.

gmmbalane

Daily-price is in a descending channel, I expect a mitigation at 1850 & 1800 15min bearish CHoCH, the price is expected to continue pulling back to mitigate at the extreme bearish OB that caused the CHoCH and it has the FVG. #patience Fx Snippers Zar

gmmbalane

Gold has changed a character from bearish to bullish on 15m, I am anticipating a pull back to at least 0.618% fibo, in which this market will also mitigate the fair value gap just above the bullish OB.

gmmbalane

DXY just broke out of the ascending channel(4H). 15m has a bearish CHoCH and is retesting a channel break out. I am anticipating a deep pull back to mitigate the gap at the 15m bearish order block.

gmmbalane

Falling Stochastic and RSI 14, trending above 200 EMA. In a H4 channel up, 1.06912 structure is broken and I spot a Fair Value Gap on that area and price retest. Once done, the stoch and Rsi should be rising from oversold. I am going long as illustrated once my conditions are met. Happy 2023

gmmbalane

The price broke above the falling wedge in H1 & H4, Stochastic reads overbought, D1 Stch 33 & Rsi 11 and key level break out. I will waiting for the price to retest on H1 and go long just above resistance 1. Taking my 1st Tp at R2 and R3.

gmmbalane

One hour channel down has been broken at the level of confluence, the price has finished retesting, I await a bullish momentum and enter long above the resistance of 0.91870. The Stochastic Oscillator reads oversold on H1 and the price is above 200 EMA.

gmmbalane

Scenario 1.Gbpusd broke below the build up and channel up, and formed a double bottom. The immediate support at 1.20205 (bottom 2)which could result in a price stalling or even heading for the target level. Entry would be confirmed at the neckline. Scenario 2 The price can finish retesting the broken trendline and continue to the support level in 1.18997,

gmmbalane

Gold is flatting with the resistance and is at the value zone, I am anticipating a pullback to S1,S2, depending on a momentum down S3 could also provide support before the run continues. I am patiently waiting to trade with the trend. The Stochastic Oscillator is approaching overbought zone. Patience is the key.

gmmbalane

GBPJPY is currently at the demand zone after a fall, a symmetrical triangle has been formed, a BART(Break and Retest) of a red trendline is highly likely as I'm counting on a pullback to around 162. the pair is trending below 200 EMA, the oscillator is currently in favour of a pullback. Waiting patiently once my conditions are met I will enter short. Not an...

gmmbalane

DXY just broke the support (BOART), waiting on the stoch to go down. Dxy is below 200EMA and is bearish.

gmmbalane

Double bottom pattern identified, a 13 moving average has crossed above 48, though stochastic indicator is still signalling a down momentum. Also note a break above the red trendline with the price retesting the level.

gmmbalane

A build up above the key level, 8 hours in a rising triangle, while EMA 8 is trending above EMA 34, I expect a break out and retest before the price continues to my target level marked in grey. NB: This is not an investment advice....... www.hfm.com

gmmbalane Updated 

Structure is broken as well as down channel, retesting the level of confluence. Directional trend is uptrend, 200 EMA forming support, Daily heading for daily resistance @ 1819. A bullish candlestick pattern will certify my conditions. My target being @ 1794.72, sl 1766

gmmbalane

Conditions are favourable for a long trade. Falling wedge break out,

gmmbalane

Price has broken out of the rising wedge, H4 price is due North, long term trend is bearish, mid-term and short-term trend are both bullish. Good luck on your trading day, always remember risk management is essential.

gmmbalane

Awaiting the price to breakout of the box, possible scenario "W" however the price may still pull back to 61.8% before it heads North to 1st target level of 1.56831, 2nd level being 1.58030. On Multiple time frames, the price is approaching resistance at 1.58878. Good luck on your trading day, always remember risk management is vital.

gmmbalane

US 30 currently pulling back to the zone of 38.2%, the US session should provide an opportunity to go long. Using multiple timeframe analysis, long term trend is bullish Good luck