lebogangmagane

lebogangmagane

A clearer view of what is happening...

lebogangmagane

Price is at a critical level. I am expecting for this pair to sell according to the chart pattern it has formed. Risk to reward ratio is good and I think this trade is worth the risk. In forex we don't lose but we learn, if we don't earn! Use own discretion if you want to take the trade or give feedback on what you think.

lebogangmagane

GBPJPY was falling and made a corrective move after the impulse. I entered the market when I saw the continuation chart pattern. Forgot to share this idea.

lebogangmagane

This pair is caught in a range/consolidation after an impulse downwards. Spikes and candlesticks show signs of failure to break resistance. If we don't make a profit, we will definitely learn from this trade. It ideal to enter after the break of the trendline or the break and retest of the smaller support. This is a low risk trade.

lebogangmagane

EU failing to break current resistance with this correction after last week's fall. Hopimg for further downward movement.

lebogangmagane

I think this will continue selling

lebogangmagane

I am looking for bearish movement because of the following reasons: 1. On the daily chart, EURUSD closed with a gravestone doji which signals an area of supply and possible trend reversal. 2. On the 4Hr chart there is an Evening star candlestick patterns which also forms part of a head and shoulders chart pattern. 3. Risk:Reward is 1:3 which is a good ratio to...