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Pulemokhothu

AUDCAD 0.94477 + 0.47% LONG IDEAGood Day Everyone Here's a look at the AUDCAD pair from a 4H perspective, the pair has been rallying up till we saw that ranging in an ascending triangle which saw a break above today currently pushing down to retest the structure looking for continuation to the upside on the pair significant move with the bulls would signal entry on the pair among other things. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 0.95500 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
EURAUD 1.61905 -0.2% SHORT IDEAGood Day Everyone Here's a look at the EURAUD pair from the 4H perspective the pair is still trading within the descending channel respecting this channel thus far we saw a continuation of the downtrend on close in the last week looking for continuation of this move on the pair targeting resistance level 1.61044 lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET - 1.61044 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
CADJPY 79.311 +0.08 LONG IDEAGood Day Everyone Here's a long idea on the CADJPY pair from the 4H chart looking for continuation to the upside as we just broke out of a descending channel pushed up now consolidating inside a symmetrical triangle structure looking for a break above the structure which will signal continuation to the upside. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET - 80.042 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
USDCHF 0.94421 - 0.11 % SHORT IDEAGood Day Everyone Here's a look at the USDCHF pair from the 4H chart we broke out of a symmetrical triangle structure pushed up for a retest of this structure and we see a momentum shift to the downside gaining at the moment or upon close this pat week, looking for continuation of this move to the down side on the pair. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
AUDUSD 0.69427 +0.3% LONG IDEAGood Day Everyone A look at the AUDUSD pair from multiple time frames MONTHLY * Starting from the monthly we've been respecting a descending channel we are in a strong bullish momentum as the AUD regains streght agaisnt the DOLLAR looking for a push up to retest structure so the sentiment from the monthly us bullish on the pair. WEEKLY * Moving down to the weekly the sentiment is still the same, still within that descending channel structure but the picture becomes clearer as we can now determine we are trading in a pennant formation which could be signalling continuation to the upside so we are still NET long from both time-frame lets see the daily. DAILY * On the daily the chart has pretty much respected the Fibonacci retracement levels and we are about to break out of the pennant a break above this structure will be the signal to enter long on the pair looking for continuation to the upside. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
3
USDCAD 1.35868 LONG IDEAGood Day everyone Here's an idea on the USDCAD pair ascending triangle still holds so looking for longs on the pair. _________________________________________________________________________________________________________________________ ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE _________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
DXY 96.95 -0.2% SHORT IDEAGood Day Everyone here's an idea on the dollar index as we just broke the ascending channel structure looking for short opportunities on the index. _________________________________________________________________________________________________________________________ ENTRY - FOLLOW YOUR RULES RISK-MANAGEMNT PERIOD DAY TRADE TARGET - MARKED ________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
TVC:DXYShort
by PULEMokhothu
XAUUSD 1769.13 -0.08 % LONG IDEAGood Day Everyone Here's a long idea on the GOLD provided the metal holds the ascending channel we are currently trading in. some fundamentals from DAILY FX - link attached GOLD PRICES LONG-TERM: STILL OVERBOUGHT Taking a step back to get some context and Gold prices remain in an overbought state on the monthly chart, largely owed the prolonged up-trend that’s helped to propel prices into this area on the chart. As discussed previously, the 1742.50 level was big, as this is the 14.4% Fibonacci retracement of the post-Financial Collapse move and, for two months, helped to set resistance in Gold. The notable exception during that two-month-range was the high set in mid-May, when Gold prices quickly broke out after the weekly open. But, as looked previously, that bullish drive was largely emanating from an interview that FOMC Chair Jerome Powell had on the US television program 60 Minutes, in which he said that there was ‘no limit’ to what the Fed could do with the liquidity programs available to them. This breakout-fake out scenario is shown in Green on the below chart, as price action merely reverted right back into the range. GOLD EIGHT-HOUR PRICE CHART www.dailyfx.com ___________________________________________________________________________________________________________________________ ENTRY & SL KINDLY FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - DAY TRADE TARGETS - MARKED ___________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
OANDA:XAUUSDLong
by PULEMokhothu
BTCUSD 9204.12 -0.32% SHORT IDEA Good Day Everyone Here's a look at BITCOIN an idea on the crpto against the dollar, BITCOIN has been trading in an narrow ascending channel looking for a break below this structure.. ________________________________________________________________________________________________________________________ ENRTY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TARGET - MARKED ON THE CHART ________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
BITSTAMP:BTCUSDShort
by PULEMokhothu
US500 3204.1 + 0.47% LONG IDEAGood Day Evereyone Here's an idea on the US500 CFD, just broke resistance level 3184.5 looking for continuation to the upside on the CFD, should the be a significant move to the downside as most indicators are overbought the trade will be cancelled and will look for bearish opportunuties on the CFD.. __________________________________________________________________________________________________________________________ Target 1 - 3289.9 Target 2 - 3343.1 SL & ENTRY - FOLLOW YOUR RULES PERIOD - SWING __________________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
ULong
by PULEMokhothu
BTCUSD 9713.81 -0.36% LONG IDEA Good Day Everyone Here's an idea on BTCUSD pair, the ascending channel holds still on the 4H chart broke out of a descending channel withing the bigger channel retested the structure / level possibly signaling the bull are in control looking at higher time frames the sentiment is still the same the bulls are in control on the crypto hence will be looking for long entries on the pair as remains on Hunt for $10K as Holding Sentiment Gains Strength... _________________________________________________________________________________________________________________________ Target 1 - 9948.29 Target 2 - 10252.18 SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING ___________________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
BITSTAMP:BTCUSDLong
by PULEMokhothu
4
AUDUSD 0.69909 +0.33% LONG IDEAGood Day Everyone Here's an idea on the AUDUSD pair, currently the pair is ranging in a pennant formation which could possibly signal continuation with the bulls. so if we see a break above the structure looking for long entries on the pair a break below signals a possible move to the downside possibly a retest of support level 0.69292 ____________________________________________________________________________________________________________________________ Target 1 - 0.70397 Target 2 - 0.71477 ENTRY & SL - FOLLOW YOUR RULES RISK - MANAGEMENT PERIOD - SWING ___________________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
Long
by PULEMokhothu
6
USDJPY 109.33 - 0.21% LONG IDEAGood Day Everyone Here's an idea on the USDJPY pair , the pair recently broke resistance level 109.35 went up rallied down for a retest of the level now support possibly signaling continuation to the upside , so I'll be looking for long entries on the pair looking for that continuation with the uptrend, most indicators are still overbought on the pair but possibly that correction an investors taking profits looking to go long in the pair... __________________________________________________________________________________________________________________________ Target 1 - 110.21 target 2 - 110.79 SL & entry - FOLLOW YOUR RULES PERIOD - SWING __________________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
Long
by PULEMokhothu
GBPUSD 1.26610 - 0.02% Good Day Everyone here's a long idea on the GBPUSD pair, we are currently retesting support level 1.26420 which has seen several touches looking to the left, looking for continuation to the upside on the pair _______________________________________________________________________________________________________________________ Target 1 - 1.27833 Target 2 - 128800 SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING _______________________________________________________________________________________________________________________ IF you like the idea kindly leave a like, leave your idea in the comment section on the pair any comments welcome.....
Long
by PULEMokhothu
EURJPY 123.703 - 0.01% LONG IDEAGood Day Everyone here's a long idea on the EURJPY pair, whereby we've seen the pair rise to 13-month high in the last couple of weeks . . . the pair is currently ranging in a pennant formation which could possibly signal continuation to the upside, the pair has also been in a uptrend for a couple of weeks now hence i will be looking for long entries in the pair. Target - 124.96 FIB EXT (2.618) SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
Long
by PULEMokhothu
EURUSD FUNDAMENTAL AND TECHNICAL IDEAGood Day Everyone Here's an idea on the EURUSD pair, as we've seen the EURO making major recoveries in the last cople of week the pair is in a uptrend which most signals point to it continuing as we go in on the pair.. The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers. . . > With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday. > As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme > INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk . . - The dollar was modestly higher on Friday after data showed the U.S. labor market unexpectedly improved in May, but the currency ended the week lower, for a third consecutive week, as uncertainty about the U.S. economy capped gains. INVEST.COM - The Labor Department's employment report showed the jobless rate fell to 13.3% last month from 14.7% in April, which was a post-World War Two high. It came on the heel of surveys showing consumer confidence, manufacturing and services industries stabilizing. Economic conditions have significantly improved as businesses have begun to reopen after shuttering in mid-March to slow the spread of COVID-19. U.S. dollar index =USD late Friday was up 0.18% to 96.93. It was down 1.4% from last Friday's close. On the day, the dollar was 0.38% stronger against the euro EUR= , at $1.129. Against the safe-haven Japanese yen JPY= , the dollar was up 0.44% to 109.61 yen. "Today you've seen better-than-expected economic data coming out of the U.S. in terms of the jobs numbers," said Chuck Tomes, portfolio manager at Manulife Asset Management. "The reaction on the back of that has been expectations of better growth coming out of the U.S. as well as a steepening yield curve, both of which have provided a lift to the dollar." The uncertainties about the economic outlook and the possibilities of a second wave of infections had capped the greenback's gains, Tomes added. Some analysts said the May job gains in might not soon be repeated. za.investing.com . . . We are curretly just above level 1.12754 wich was our resistance level now support the pair pushed through this level came down for a retest possibly signalling continuation to the upside so looking for long entries in the pair... Target 1 - 1.13902 Target 2 - 1.14984 SL & ENTRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
Long
by PULEMokhothu
EURCHF FUNDAMENTAL AND TECHNICAL IDEAGood day everyone Here's an idea on the EURCHF pair, The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers. . . > With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday. > As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme > INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk . . . EURCHF support for the EURO was bolsted on wed when Germany launched a 130 Billion EURO stimulus packaged after last months supporting a European union recovery fund that would bring the bloc closer to a fiscal union , EURCHF hit 5 months high while the European single currency rose to 13 month high against the EURJPY.. . . . We broke resistance level 1.08636 just above 1.618 fib ext level pushed down for a retest of this level now support in the pair possibly signalling continuation to the upside so i will be looking for long entries in the pair... target 1 - 1.09175 target 2 - 1.09664 sl & entry - follow your rules RISK-MANAGEMENT period - swing
Long
by PULEMokhothu
2
XAUUSD 1729.61 +0.63% POSSIBLE LONG IDEAGOOD DAY TRADERS HERE'S A LONG IDEA ON GOLD WHICH PLUMMETED DOWN TO RETEST THE DESCENDING CHANNEL , LOOKING FOR CONTINUATION TO THE UPSIDE FOR THE REMAINDER OF THE WEEK. > THIS PRICE RALLY MAY RESUME AS WE HAVE RETESTED THE STRUCTURE . > DAILYFX - On May 26, XAU/USD rebounded then closed above the uptrend line originated from the April 21 low at $1,660 reflecting that bulls were still in charge. On Friday, the price violated the downtrend line originated from the May 18 high at $1,765 and generated a bullish signal. Therefore, a break above the aforementioned above May 18 high could trigger a rally towards $1,796. In turn, any break in the other direction i.e. below $1,712 could send XAU/USD for a test of the last-week low at $1,694. That said, the daily and weekly resistance/support marked on the four-hour chart should be kept in focus. www.dailyfx.com LOOKING FOR LONG ENTRIES ON GOLD RISK-MANAGEMENT FOLLOW YOUR ENTRY RULES PERIOD - SWING TRADE
OANDA:XAUUSDLong
by PULEMokhothu
USOIL 36.91 +3.82%GOOD DAY TRADERS HERE'S A LONG IDEA ON USOIL , AS WE AWAIT A MEETING BETWEEN THE ORGANIZATION OF THE PETROLEUM EXPORTIN COUNTRIES ( OPEC) AND THEIR ALLIES... > DAILYFX - Oil could be in limbo as traders await a meeting between the Organization of the Petroleum Exporting Countries (OPEC) and key allies. Reports crossed the wires on Monday that OPEC+ could bring forward the meeting to June 4. A key issue that is going to be discussed is whether or not record output cuts could be extended between one to three months. As a reminder, earlier this year a price war was triggered between key producers Saudi Arabia and Russia. The latter’s initial refusal to participate was a detriment to the commodity. Towards the end of last month, Russia hinted that it wanted to push for easing production restrictions. A similar row between Moscow and Riyadh could risk reigniting selling pressuring in crude oil prices. www.dailyfx.com > US OIL IS STILL IN AN UPTREND AS WE SAW SOME VOLITILITY COMING BACK TODAY, SO LOOKING FOR LONG ENTRIES IN OIL TARGETING THAT $40.00 MARK ... RISK MANAGEMENT FOLLOW YOUR ENTRY RULES PERIOD - SWING
TVC:USOILLong
by PULEMokhothu
EURUSD 1.11655 + 0.28% LONG IDEAGOOD DAY EVERYONE HERE'S AN IDEA ON THE EURUSD PAIR AS WE AWAIT CORRECTION TO THE RALLY UPWARD LOOKING FOR A BIT OF RETRACEMENT ON THE PAIR AS MANY INDICATORS ARE OVERBOUGHT THEN CONTINUATION TO THE UPSIDE.. > WE ARE AT RESISTANCE THAT HAS COME INTO PLAY MANY TIMES BEFORE BUT HONESTLY THE EURO IS HAVING A GOOD WEEK AND WE'LL MOST LIKELY SEE A BREAK OF THIS RESISTANCE LEVEL AND PUSH UP... ENETRY - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING
Long
by PULEMokhothu
GBPUSD 1.25461 +0.45% LONG IDEAGOOD DAY EVERYONE HERE'S A LONG IDEA ON THE GBPUSD PAIR.. > DAILYFX MARKET SENTIMENT ANALYSIS: Trader confidence is high on hopes of a swift and strong economic recovery after the damage caused by the coronavirus pandemic. However, they may have underestimated the importance of the turmoil on US streets and ongoing US-China trade tensions. > GBP/USD is heading for its fifth consecutive session of gains, breaking convincingly above the 1.25 level, reaching its highest level since May 1 and rising above the resistance line of a symmetrical triangle chart pattern in place since March 19. This all implies further gains for the pair despite the turmoil in the US and the ongoing tensions between the US and China. www.dailyfx.com RISK-MANAGEMENT FOLLOW YOUR ENTRY RULES PERIOD - SWING
Long
by PULEMokhothu
USOIL 40.35 -0.58% MULTI TIME-FRAME IDEAGood Day Everyone Here's a look at the USOIL from multiple time-frames MONTHLY * as we start with the monthly the usoil has been respecting the Fibonacci retracement structure thus far currently trading at 61.8% Fibonacci level looking for a rejection of this level then continuation to the upside but it looks like the bull are in play as momentum to the upside was strong so the USOIL could still just continue rallying up but everything is possible as fundamental outlooks can change the whole spectrum. WEEKLY * coming down to the weekly we start getting a clearer picture where by we are currently trading in a ascending triangle structure / pennant formation which could be signalling continuation to the upside or even reversal depending on the fundamental data and investors sentiments on the USOIL, A BREAK below structure will signal that rejection move and a break above momentum continues to push with the bulls. DAILY * On the daily the sentiment is still more or less the same as on other time frames the picture just becomes clearer as we are in an ascending channel with an ascending triangle. oil could go either way hence i"ll remain neutral and see how it goes. waiting on oil. Good luck and happy trading everyone _________________________________________________________________________________________________________________________ RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
TVC:USOIL
by PULEMokhothu
USDZAR 16.94610 - 0.29% SHORT IDEA MULTIPLE TIMEFRAMESGood Day Everyone Here's a look at the USDZAR pair from a multi-time-frame view MONTHLY * Starting with the monthly time-frame we see the pair respecting the Fibonacci retracement structure, we saw a rejection just below the 50 % fibonacci level pushed up to 38.2 % fibonacci level now we are having a strong bearish move on the pair looking for continuation of the move to the downside targeting thhat 50% fibonnacci level ( 16.62489) so from the monthly perspective the sentiment is bearish for me. WEEKLY * Coming to the weekly the sentiment is still the same we trading between 38.2 % & 50 % Fibonacci retracemnt levels on a bearish momentum the pair is in a descending channel which just retested the roof of the structure and was rejected pushing down and the channel holding thus far so the sentiment still bearish on the pair.. DAILY * Moving down to the daily chart the pair is still trading in that descending channel we also see a pennant formation which might signal continuation to the downside. looking at bearish opportunities on the pair for continuation of the move targeting resistance level 16.30190 Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 16.6115 TARGET 2 - 16.30190 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu