khzacapital

khzacapital

current market forming a reversal pattern looking for sells once market confirms with a break below the area of interest

khzacapital

we noticed the impulse that had been formed on the 4h timeframe , market formed a correction with a with false break out of the trend which is seen as a double top on a daily timeframe , looking for sells going into NFP if we get a break out and retest confirmation

05:39

khzacapital

trade setup of a simple impulse + correction = impulse market structure this is B + SETUP THAT HAS 70% CHANCE OF PLAYING OUT

khzacapital

this is a A+ setup with a 90% chance of playing out , we noticed the impulse on the left hand side that was followed by a correction + the 2nd impulse , v type structure formed , entries taken at the third touch of the trend channel

06:17

khzacapital

this is just a trade recap on how i looked for the position and trade management

khzacapital

according to the structure this market has reached the lowest point it has ever been , looking at this position as a " position trade " buy to hold with extreme rewards and low risk this is not investment advice as trading includes risk therefore proper risk management skills need to be applied

06:31

khzacapital

THIS IS A SETUP WE TOOK , just giving you more detail on how we took the trade and how we managed it

khzacapital

this is the nature of the market you can be right about the direction , stop hunted than the market continued in my direction

khzacapital

looking at the 4h timeframe the market has been trading within the trend channel , found key support at 1.04500 with the recent highs at 1.5800 , with the 2h timeframe we noticed an inverse head and shoulder pattern + impulse and correction with the 15 min

02:57

khzacapital

market formed a double bottom , on the daily timeframe , also creating an impulse on the 4h timeframe , currently is trading within this trend channel we noticed as a correction therefore we potential looking for buys as the market formed a inverse head and shoulder pattern on the 15 min timeframe .

03:52

khzacapital

long term we potentially look for buy setups , short sell going into NFP

04:54

khzacapital

BTCUSD has currently been in a bearish market , here is a setup im looking at for potential buys that we looking , wait for proper rejection candlesticks before entry

02:28

khzacapital

looking at USDZAR on a daily timeframe we noticed that the bullish market structure has been broken, where the market was creating higher high within the trend channel the market just broken out of the trend channel and retested the support of the trend channel