CHF/JPY 4-HOUR TIMEFRAME SHORT TRADE READY!!!Enough has been said about this trade. Let's jump in now!!!
ENTRY: 108.905
STOP LOSS: 109.308
TAKE PROFIT: 107.880
(Check my previous analysis/post on my profile)
Munyaelliott
NVIDIA DAILY TIMEFRAME SHORTPrices have been tumbling down recently, having broken out of a corrective structure in the form of a bear flag pattern. This pattern was a good way for prices to blow off some steam, after the massive sell-off. Now we expect the prices to go towards the bottom of the corrective structure (bear flag pattern). This is a classic setup and there is no need to say much because price says it all. May the bears take over the world!!!
Target: 125.33
NASPERS (NPN) DAILY TIMEFRAME SHORT The stock price is moving in a series of impulses and corrections , as it nears the ascending trendline. Possible targets are around the 271 330, which represents the bottom of the bear flag pattern. The price has already broken through the bear flag pattern and is moving closer to the target area.
BRITISH AMERICAN TOBACCO (BTI) 4-HOUR TIMEFRAME LONGThis stock has just broken out of a descending channel (bullish flag pattern), and is rallying towards the weekly descending trendline. Therefore, we should see much upside towards the 58 000-60 000 are. The technicals of this trade are as follows:
STOP LOSS: 52 000
TARGET: 60 000
WE CAUGHT 295 PIPS ON GBP/NZD!!! LET'S DO IT AGAINIf price should move below the 1.9350, i will be entering a short position again. Well this trade was obviously epic, as i entered it on a Thursday, on the daily timeframe, and Friday i spent half the morning in a gruesome Financial Reporting exam. Let it be known that i normally enter my trades using the 4-hour and the hourly timeframes. This was almost a first, if not a second. Can't say i wasn't pleased when i came back and the trade started moving in my favor. It was as if it was waiting for me to come back from the exam center. This trade has taught me a few things:
1. Don't focus on pips, focus on the strategy. If you want pips that bad, go on a higher timeframe. Otherwise focus on the process.
2. Set your stop loss and take profit levels and go meet some girls. I set my stops and had to go for an exam for three hours and i trusted that even if i was wrong, i would be taken out at a fairly reasonable level. There is more to life than trading.
3. The higher the timeframe, the more your patience is tested. I held this trade for close to a day before i could see some feasible profits. Don't just enter a trade on a higher timeframe (daily, weekly) and expect miracles immediately. An exception would be when there is a market crash (like the oil crash of 2018).
4. Trust the process. This is self explanatory. If you have a working trading system, why try and modify it? No system will give you 100% success. As long as it makes you profitable, it is a good system. So be content and scan for set-ups.
GBP/CAD 4-HOUR TIMEFRAME SHORTGBP/CAD recently broke out of the daily corrective structure that started out in early September 2018. This was in the form of an 800 pip move. We are expecting this drop to continue, as price is currently making a smaller corrective structure, and therefore we can expect a continuation to the downside after this bear flag is complete. It will also be interesting to note how the sterling will react to the resignation of the second woman-prime minister of the UK, Theresa May, thirteen days from now on the 7th of June. I hope there will be more selling. In bears we sell!!!
NZD/CHF DAILY TIMEFRAME SHORTNZD/CHF currency pair is moving in a gradual downtrend, making lower highs and lower lows. We can expect price to make a corrective structure and creep higher towards the 0.6700 area, before reversing and continuing with the current trend. We will wait for price to blow of some steam and slow down before we consider any shorting opportunities. Prices can also move closer towards the trendline, before resuming the downward trend. Always follow price and don't try to be a wizard. If wizards exist, then i am certainly not one of them.
CHF/SGD 4-HOUR TIMEFRAME LONGPrices on the CHF/SGD broke out of a interim downtrend on the daily chart, and we can anticipate further upwards movement. Price could find support on the 1.3650 if it forms a correctional structure in the form of a bear flag pattern, and then continue higher. Proper risk management is key especially when trading exotic currencies since there are huge margin requirements and they can be very volatile.
USD/JPY DAILY TIMEFRAME SHORTPrices formed an impulse to the downside and then moved up after a serious stop hunt, or rather rejection caused by the buyers, who came in and pushed prices higher. This was evidenced by the correctional structure (rising wedge pattern). Price is currently moving downwards after it retested the support turned resistance of the rising wedge pattern. On the 4-hour timeframe, price has already broken out of a second correction pattern (bear flag pattern in this instance) and is moving further downwards. This trade can be played both on higher timeframes as a swing, or on shorter timeframes. The choice will depend on your patience and account size. The technicals of the trade are as follows:
4-HOUR TIMEFRAME STOP LOSS: 113.043
4-HOUR TIMEFRAME TARGET: 109.090
DAILY TIMEFRAME STOP LOSS:
DAILY TIMEFRAME TARGET 2: 107.541
May the bears be with you!!!
ASPEN PHARMACARE (APN) DAILY TIMERAME BUYI am expecting a bullish momentum as we complete a correction pattern, before further downside. Targets should be at the top of the flag pattern and position size small, as we are in a downtrend.
GBP/NZD DAILY TIMEFRAME SHORTGBP/NZD has just broken out of the corrective structure to the downside, therefore we expect a further continuation to the downside over the next hours/days. Price formed a bearish flag pattern after a big impulsive move to the downside. The technicals of this trade are as follows:
Take Profit 1: 1.87247
Take Profit 2: 1.82568
"The definition of insanity is doing the same thing over and over again and expect different results" - Albert Einstein
CAD/CHF 4-HOUR TIMEFRAME SHORT ENTRYThis trade might/might not have been forecasted on this channel. Price is currently breaking out of a bear flag pattern and creeping to the downside. My take profit is placed at 0.74640, which is the bottom of the flag pattern. Patience is required as usual, as the market is heavily oversold and buyers might "taunt" us. May the bears be with us!!!
EUR/NZD DAILY TIMEFRAME SHORTEUR/NZD currency pair might just form a double top pattern, if the right conditions are met. Price is showing little signs of exhaustion,but it is too early to count any birds from the eggs. Key levels are as below:
Resistance: 1.70713
Support: 1.63540
If price drops, we might catch some major pips though.
VODACOM (VOD) DAILY TIMEFRAME LONGNever has there been so many multiple confluences on a single chart as this one. Firstly, price formed a head and shoulders pattern on the weekly chart, and tumbled down after the completion of the right shoulder and breach of the price below the the neckline. Secondly, prices have managed to stay under the neckline, which was a key psychological level at 14 000. You know how crazy people can be around round numbers. Also, the price is moving in a steady downtrend as depicted by the lower lows and lower highs and the descending trendline unmasks this. Price is now around the 12 000 key psychological area and the lower timeframes already show a rejection in the form of a bearish candle. I expect prices to continue going down. A fail-safe would be to wait for prices to approach the descending trendline and opening short position once clear signs are given.
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CHF/JPY 4-HOUR TIMEFRAME SHORTSo the price is making the classic impulse and correction moves again! And the market will obviously try to fake us out by driving the price up closer to the descending trendline, before going in our original intended direction (short). So what i did this time is to give the market enough room to breathe, in the form of a stop loss at 109.074 (above the highs) and the target does not change as always, at the bottom of the flag pattern. Let there be bears! And may the force be with you, as we wait for the Star Wars movie to drop!
BHP BILLITON (BHP) DAILY LONG BHP Billiton's share could find support at the 31 150 price level, which is an area of interest from the weekly timeframe. Since this analysis is based on a higher timeframe, it could take several days before this can happen. The weekly timeframe shows a healthy trend, with symmetrical, deep pullbacks. We are currently on one of these pull backs, and am hoping that buyers will come in at the mentioned support zone. Also be aware that prices could tank further to the trendline and possibly find support there. Pulling up a Fibonacci tool, we can see that the 31 186 area represents a 50% retracement, which could be a good entry for traders who use this tool. Personally, i prefer the feeling of jumping into the markets with nothing but price and a stop loss as my parachute in case i "crash" land. (pun intended)
GBP/CAD 1-HOUR TIMEFRAME SHORTAs i mentioned in my previous post, this pair is correlated to the GBP/USD pair. Prices are also moving in a downtrend, after having breached an ascending trendline. . The price also broke out of a symmetrical triangle to the downside and completed a retest. Price is making a series of lower highs and lower lows. May the bears take over the world!!!
GBP/USD 1-HOUR TIMEFRAME SHORTThis pair has broken out of the symmetrical triangle to the downside, and has completed a retest. The price is moving below the upward trendline, and making a series of lower highs and lower lows. This pair is correlated to the GBP/CAD and is moving in a similar fashion
I have already entered this trade and so should you.
EUR/CHF 1-HOUR TIMEFRAME SHORTThe price for the EUR/CHF currency pair is currently moving in a shallow dowtrend, making a series of impulses and corrections. If history repeats itself, we shall enter a short position around the 1.14000 area and target the 1.13600 area, being close enough to the beginning of the correction move (bear flag). At the 14400, this trade will be invalidated. The bear flag being formed are quite steep, and this may test the emotions of most breakout traders, as it would be easy to assume the price is rallying and not considering the possibility of a plunge. Hooray for my 100th idea.
May the bears be with you!
Reference: @ikramshehzad
AFRICAN RAINBOW MINERALS (ARI) DAILY TIMEFRAME NEUTRALThe price for ARI is moving in an ascending channel on the weekly and daily timeframe. The share price is now at the top of the ascending channel, which represents a critical resistance level. If prices find support at the 17 000 psychological level or the inner trendline, then we can expect prices to continue further with the bullish move. However, if prices break below the inner trendline, we can expect some selling pressure as the price would be making a corrective move before resuming the bullish momentum.
If traders enter short on this one, they must open smaller positions as the market is clearly bullish. And then again, what do they say about trends? "Failing to respect the trend might leave you without a cent!!!"
GOLD (XAU/USD) 4-HOUR TIMEFRAME SHORTPrice is currently moving downwards, making a series of impulses, corrections and continuations. Therefore, bear flag patterns are written all over Gold's wall. I will expect to take a short position once prices breakout of the bear flag pattern and target the 1270 price level.
If prices can break below the 1280 level and push to the downside, it could be a good indication of bearish momentum. As always, let the market reveal its hand and wait for a collapse below entering any short positions. This is because market makers will be looking to trap breakout traders (particularly those waiting to place a short position). Otherwise, only market wizards can forecast the market direction.
PFIZER (PFE) 1-HOUR TIMEFRAME NEUTRALThe general trend is up, however, prices seems to be correcting for a further possible downside continuation after some sell-off. For a long position, it would be prudent to wait for a retest of the channel resistance and then executing the buy trade.
LYFT 1-HOUR TIMEFRAME LONGThe price has found support once again at the 55.75 level and started a small rally. I am quite optimistic about this stock as it has broken its unconfirmed descending trendline to the upside. This could be the start of a bull market. It has not been easy for investors in this stock as prices have tanked since its listing.
Further upward movement will also be confirmed if prices do breakout of the double bottom pattern and make new highs. However, it is important to wait first as price will show its hand in good time
