BHG showing downside to come but with a LOW probability - SMC
Inv Cup and Handle (Bearish) formed which the price broke below.
Price>200 - Bullish This is conflicting which shows sideways movement.
Target R451.27
Low prob trade due to SMC Read below
SMC
The price is at the moment in an Order Block (Sell Side Liquidity) Look at previous levels of supports (it's all around here at R514.70.)
This is where Orders get the long (buyers) out of the market which sells their positions and the Big Guys buy which pushes the price up.
With price above 200SMA and with the Order Block - It's for this reason the long trade is a LOW probability one. WHich I'm probably going to leave alone as there can be chop in the next few days.
Price>200 - Bullish This is conflicting which shows sideways movement.
Target R451.27
Low prob trade due to SMC Read below
SMC
The price is at the moment in an Order Block (Sell Side Liquidity) Look at previous levels of supports (it's all around here at R514.70.)
This is where Orders get the long (buyers) out of the market which sells their positions and the Big Guys buy which pushes the price up.
With price above 200SMA and with the Order Block - It's for this reason the long trade is a LOW probability one. WHich I'm probably going to leave alone as there can be chop in the next few days.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.