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Southafrica

GBPNZD long moving ↗️👍We are using our POW reversal strategy for this trade. Trade details for current trade are shown on the chart. Trade has been live since 13:30 UK time. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Trade history can be seen at the foot of this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
Room for a retracement on Clicks?JSE:CLS has been on a good run lately and has continued to form new all-time highs up until the previous high on the 22nd of September. At the same time, it has been consolidating sideways mostly since mid August. With today's downwards price action, we have broken out of the bottom of the consolidation area. If this downward momentum continues, I think we could see a retracement down towards the .5 or .618 Fibonacci levels before turning again upwards to potentially form new highs. Let's see what happens.
JSE:CLSShort
by RossLarter
GBPCAD long progressing↗️👌Trade details for current trade are shown on the chart. Trade has been live since 8:30 UK time and we are using our POW reversal script. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little blue arrow is entry point and purple line is stop loss. Previous trades can be seen on chart the last of which a short I covered yesterday in an idea. That trade closed on the new long trade alerting and being entered. Trade history can be seen at the foot of this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Long
by pow_removetheguesswork
1
Potential Fib Retracement on AMSJSE:AMS has been trading in a downward trend since March this year. For basically the whole month of July, it made a retracement all the way up to the 61.8 Fib level. It then went down again to form lower lows. It is currently bouncing off a very strong support level and is looking like it will make a retracement again before continuing downwards. My prediction is that it might go up to the resistance level which coincides with the 50/61.8 Fib level. Let's see what happens.
JSE:AMSLong
by RossLarter
2
Double Bottom forming on NaspersJSE:NPN has formed what could turn into a double bottom pattern. It formed a bottom on the 23rd of August and then again on the 15th of September. If it breaks through the high formed on the 7th of September, the pattern will be confirmed and then I think we could see a move up towards the resistance level at around 300000. A long with the current move, it is also showing signs of upward momentum based on the position of the stochastic and the MACD. I will wait for confirmation before entering, though.
JSE:NPNLong
by RossLarter
2
Double Top forming on NedbankAlthough not confirmed yet, JSE:NED seems to be forming a double top pattern. Here is the definition of a double top from investopedia: A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs. Although it still has quite a distance to go, if it continues down and breaks through the "neckline" I think we could see a nice downward move all the way to the support level at around 15250. I will be waiting for confirmation before entering.
JSE:NEDShort
by RossLarter
BIDVEST - Upward Channel with Upward MomentumJSE:BVT has been trading in a nice upward channel since November last year. It is currently trading just below the middle of the channel and seems to be on its way up. It is also showing some good signs of upward momentum based on the stochastic, MACD and the two EMAs that are crossing based on today's price action so far. If the momentum continues, I think we could see a move up to the top of the channel which also coincides with the strong resistance level at around the 22000 level.
JSE:BVTLong
by RossLarter
Trading Idea - #Steinhoff - The Gambling! HIGH RISK TRADE! BUY! Entry:0.2288 EUR Target: 2.7976 EUR (+1100% profit) Stop: 0.0794 EUR Steinhoff International Holdings N.V. specializes in the retail trade.Sales are distributed among the various business segments as follows: - Retail (97.9%); - Financial services (1.8%); - Other (0.3%). The geographic distribution of sales is as follows: South Africa (37.3%), Africa (7%), United Kingdom (19%), Poland (11.1%), Europe (16.5%) and Australasia (9.1%). Number of employees : 91 519 people. - South African retail group Steinhoff reported on Friday a 15% increase in sales for the nine-months ended June 30, as COVID-19 lockdown restrictions reduced throughout the period across its markets. - Steinhoff has been restructuring its operations since revealing accounting fraud in 2017, selling off assets and paying off debt. - A big hurdle to overcome is settlement of lawsuit claims from shareholders and investors, which it hopes will be approved in September at a creditors meeting.
SLong
by Traderherz-Analytics