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HAR

HARMONY GM (HAR)Currently, we're observing the price action of HAR. On the daily chart, a potential Cup & Handle (C&H) formation is taking shape. Recent action has caused the price to dip slightly below the brim, but a stronger break downwards move is needed for confirmation. Concurrently, there's the presence of a falling wedge pattern, suggesting the possibility of an upward breakout that could trigger demand and stronger buying activity. The price has dropped by 29% from its prior high in May. The current testing of the bottom trend line, which has previously acted as support. In this juncture, both patterns remain possible. We're awaiting a clearer upward or downward move for a potential entry point. We're eager for your insights too. Please feel free to share your thoughts on which pattern you believe is more likely to play out and any strategies you're considering in this situation.
JSE:HAR
by MarketMeistersTrading
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Long
by HashamARehman
2
AUDUSD - Another bearish leg expected as price is reaching .7330This is Aussie/Dollar Daily chart and as we can see, this market is in long term down trend and price has pulled back towards the trend zone which is also a broken old support near 0.7330 and now we can expect that market will turn and resume in trend direction once again. We have good confluence factors here aligning such as trend, trend level 0.7330 and dynamic resistance layer all centering at on point. we are not waiting for bearish price action sell short signal to enter with the trend. let's see how market price action develops. safe trading everyone!
Short
by HashamARehman
EURUSD - are buyers looking at 1.2537?Here we are on Euro/Dollar daily chart and as we can see this pair is in range and if we zoom out daily chart we have long term bullish trend. On last daily session closing this pair had formed Bullish fakey setup with 2 bar reversal / Bullish engulfing setup. As for this trading scenario we have good confluence factors supporting it such as Bullish trend, Horizontal (static) level 1.2177-1.2214, trend line that is holding since April-2017 and buy signal itself. we will be getting in longs from here. safe trading everyone!
Long
by HashamARehman
USDJPY - Sellers may continue to move lower from 105.56Here we are on Dollar/Yen daily chart and as we can see market has printed bearish pin bar on last daily session close (27th March) at (new) resistance 105.56, we have this market in obvious down trend. We have good confluence factors here which are supporting our trade scenario here such as down trend, bearish pin bar, dynamic resistance layers (rejecting on pin bar) and horizontal (static) resistance level. we will be getting in short in market, Let's see how market unfolds from here. safe traidng!
Short
by HashamARehman
2
GOLD - Are bulls getting ready to take charge once again?Here we are on Gold daily chart and as we can see this market has pulled back towards important support barrier which is nearly at 1310.17 and on last daily session we have obvious pin bar / fakey setup printed on this vicinity. We are getting in longs from here as we have good confluence factors here such as trend, support level and pin bar/fakey setup itself. Let's see how market unfolds from here. safe trading!
OANDA:XAUUSDLong
by HashamARehman
NZDUSD - are bulls ready to take hold for 0.7435?Here we are on NZDUSD daily chart and as we can see price has reached towards its important support barrier which is nearly at 0.7200 we have obvious "BUEB" ( Bullish engulfing bar) here on last daily session closing we have three factors support our trade here such as trend which is bullish long term, support barrier and BUEB setup itself. We can enter on this signal depending on our entry strategy. Let's see how market unfolds from here, safe trading!
Long
by HashamARehman
EURJPY - Bears may continue lower, showing pressure on 131.685Here we are on Euro/Yen daily chart and as we can see this market had been pulled back near the resistance structure 131.685 hot sell area and now we can see on last daily session bears managed to show their pressure on that specific area and may move price lower from here with the momentum. We will be getting shorts in this market as we have confluence factors which are supporting our trade here such as trend, dynamic resistance layer, static resistance horizontal level and signal itself. safe trading!
by HashamARehman
USDCHF - Are bulls eyeing on 0.9765 target?Here we are on Dollar/Swiss daily chart and as we can see on last Thursday session buyers were dominant and finally broken through old key resistance structure 0.9445 and now it is pulling back towards this broken level. We will be waiting for this market to show more weakness and print bullish price action signals on that broken level 0.9445. We have few factors supporting behind this trade scenario such as higher highs (new trend), dynamic support layer, horizontal support level and if we find confirmation signal here in few days it will become confluence as well. good trading!!
by HashamARehman