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GBP/JPY going to Heavens?Found long setup on GJ 4H/1H trade. 1:After a complex condition of market GJ finally begins it's bullish race. 2:Market making HH/HL. 3:Break of structure to the bullish side. 4:Market testing broken level 137.600. 5:Market showing strong bullish momentum to the left side. 6:Fibs level 50% & 60% being respected. 7:200 MA also showing strength to the bullish side. 8:Market forming a wedge at the area of interest,showing that sellers are getting weak(can't make LL).
Long
by Ali_Talpur
Break-out and retest (BAT & LHC)A short technical note from our Unum Trading Desk analyst, Lester Davids. "On the Brait (BAT) chart, following the test and breakout of the downward trend line, the price has given us a small 3-day pullback, with a positive close yesterday. The RSI is starting to move out of oversold territory so there could be a potential buy/long opportunity on the share . A great recent example of a breakout and re-test was Life Healthcare (LHC) on the right hand chart." If you want to chat about these charts, or any local South Africa stocks, contact our Unum Trading Desk on tradingdesk@unum , call +27 (0)11 384 2920 or live chat with us on t.me
JSE:BATLong
by MarkWeetman
iShares Emerging Markets (EEM) - Great Opportunity To Buy hereMorning all, Our Unum Capital Trading Desk analyst @Lester_Davids published a flash note on EM AMEX:EEM this morning: "Following a stellar two-year run, emerging markets (EM) have been under significant pressure with the selling pressure commencing in January 2018. The reason? The surge in the US Dollar (high interest rates) as well as political fallout has seen a rush for the emerging market exit door. Now, with US interest rates on a short to medium term decline and the US Dollar experiencing some selling pressure, Emerging Market assets could be poised for a turnaround. The weekly chart setup show a potential double bottom around $42.15 - attractive level to accumulate via the ETF. " Our Unum clients will recall my idea published on 29 Jan. Emerging Markets: Is The Party Over? EM has under-performed massively YTD - so this has worked very well if you took my trade. As previously suggested, if we lift our time frames / time horizons we could do even on the % return front. Original Chart - 29 Jan Updated Chart - 23 Aug
AMEX:SPYLong
by MarkWeetman