I have been traveling, and still am. Market has moved the pair far lower than I previously suspected, due to the fact I felt GOLD should move lower, and the opposite happened. Now, stochastic is very low, and other indicators suggest we may see a turn around the corner. Of course, at the same time, we are near support 18.3750 and below would open the direction...
Hi Everyone! My name is Sam and welcome to my first daily breakdown. In these sessions I'll be analyzing the 4 pairs on my watchlist GBPJPY, US30, USDZAR & EURUSD. Today I give a brief introduction to myself and my trading style which is an adaptation of ICT and then proceed to breakdown each pair. See bias below. DXY - Bullish. GBPJPY - Bullish, On watch for long...
Nothing much on the fundamental side but we have the following: 1. Break of structure x3 2. Big Bullish candles 3. Demand that broke structure 4. Fair value gap 🤝Trading is risky and the setup might fail. Manage trade well.
I have seen the movements during my traveling, and surely it has moved lower than expected. this was due to prolonged strength in GOLD plus weakness USD. Now we are at the lower end, and I feel still BUY is the way to go, as GOLD still is expected to move much lower towards $ 2,100.00. Strategy BUY @ 18.1650-18.2100 and place SL below the previous lows. Profit...
Our bullish detup failed so we look to continue with the strong downtrend until further change. We have equal highs and a supply zone with fvg. Goodluck
USDZAR in the blue zone looks like usd has to gain some strength
USDZAR will gain strength due to the DXY gaining strength an the AXY losing momentum
Nothing much on the fundamental side but we have the following: 1. Break of structure x3 2. Big Bullish candles 3. Demand that broke structure 4. Fair value gap 🤝Trading is risky and the setup might fail. Manage trade well.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
Despite the South African local election being only 14 days away, speculation of U.S. interest rate cuts over the last two months has supported the rand momentum. We're approaching a crucial level at the Fibonacci retracement, but a reversal may be unlikely given a widening USDZAR carry trade and a disinflationary U.S. environment, which will support the ZAR's...
Price seems to be sitting on the support for the completion of the "symmetrical triangle" ... If the price breaks out of the Top-side we could expect higher highs ...
Seems like completed A wave, short and long idea.
All analysis are strictly based on price action movement from the DAILY and 4HR TF. Detailed description of analysis can be found on the chart. All input is greatly appreciated !
1. PSTG 1 TO BE hit 2. PSTG 2 TO BE hit 3. Market did retest on the zone i predicted that it is going retest at. ///trade///
We're looking for buying opportunities in this pair after the market have created a channel with structure within it. already market has broken our resisting trendline and currently retesting. We anticipate impluse in corrective way until our reach target Signal=BUY USDZAR SL=Open Tp= Open Forex trading is a risky business Thanks
We have 4h liquidity sweep, shifted bullish and initially made a minor sweep to mitigate the breaker block, followed by the first break to the upside then after an internal sweep to mitigate the order block… looking for a pullback to the unmitigated order block then a hike to the buy side liquidity…
We have an ending diagonal as a reversal pattern, complemented by divergence. R19.17/$ will be a target. It has a decent Risk/Reward ratio of 1:3,2.
I believe we’ll experience a short term buy from 18.09/10 to 18.25 this coming week. There has been a lot or resistance at the 18.25 to 18.30 mark from May 16th so i expect the price to continue bearing until we reach around the 17.70s. Happy Trading everybody!