Clicks - Short enteredAll three momentum indicators have crossed downwards on JSE:CLS signaling a short position. Our target is around the 264 level.
ZAR
EXX - Possible ShortThe stochastic, MACD and now the two EMA's are all showing possible signs of a short coming up on JSE:EXX . If it continues lower, we will enter short. Target around the 184 level.
NASPERS - Symmetrical Triangle BreakoutThe price has broken out of a symmetrical triangle pattern on JSE:NPN . If it continues downwards, our short position will be triggered.
AGL - Breakout of Consolidation areaJSE:AGL has broken out of the sideways consolidation area that it has been trading in since the end of July. With the breakout the price action has triggered a possible short position that we will enter into if the price continues downwards.
CPI - Potential LongUsing our fractals strategy, JSE:CPI has signaled a possible long position coming up. The price broke out through the descending resistance line and, if it breaks the high of yesterday, we will be entered into a long position. The stochastic isn't at the most desirable location but it could still play out nicely.
Short triggered on Mr PriceAll of our 3 momentum indicators have crossed down on JSE:MRP , signaling a possible short position.
With today's opening, we were triggered into our short position with our target matching up nicely with the lows of mid July at the 165 level.
Bearish Harami on BHGA Bearish Harami has formed on JSE:BHG at a resistance level. A Harami is often a sign of a reversal to come. If it continues downwards, I will enter a short position.
PPH ShortA short position has been triggered on JSE:PPH signaled by the bearish engulfing formed last Friday. Looking to reach a target at the low reached on 26 May 2021.
Bearish Engulfing on ABSAA bearish engulfing candle formed on JSE:ABG on Friday. With this morning's price action, we have been triggered into a short position. The stochastic and MACD are also confirming this move.
CLS - Breakout of consolidationJSE:CLS has been trading in a sideways consolidation zone since early May. With the price action on the 16th of Aug we finally broke out of the sideways move. If it continues up, I think we could be looking at a nice long position.
UJI placed trades earlier here, because my day was so busy. I couldn't post the forecast I had but I longed for 57 pips and TP hit. Just waiting for more opportunities.
BTI - ShortWith today's price action we have been triggered short on JSE:BTI . If this momentum continues and it breaks through the 665 level, we could see it reaching our target at around the 600 level.
USDZAR BUY | SMALL RISK HUGE REWARD | INSTITUTIONAL**Risk-to-Reward** 1:15
Buy USDZAR @ 16.71524
Stop Loss: 16.66264
Take Profit: 17.50500
Use the Risk-to-Reward Visual Trade Levels For Risk Free Trading
***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.***
I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters.
***Correlates With USDZAR***
Long on WoolworthsWe have entered a long position on JSE:WHL based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 63.50 level which coincides with the highs from September 2021.
REM - LongWe have entered a long position on JSE:REM based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 154 level which coincides with the highs from March 2022.
CAPITEC LongWe have entered a long position on JSE:CPI based off of the turning of the stochastic and MACD as well as the crossing of the 3 and 15 EMAs. The target for this trade is the 230 level.
Potential short on NaspersAn upward trendline ahs been broken on JSE:NPN as well as the stochastic and MACD both turning downwards. This could mean that we could be seeing a downward move if it breaks lower. Be cautious, though, as the markets have been extremely volatile lately.
NED - Bullish EngulfingA bullish engulfing has formed on JSE:NED . This could mean a reversal to the upside.
GRT - potential longJSE:GRT is showing signs of an upward move. If it breaks higher than 1330, I'll enter a long position.
BTI looking good for a shortThe Stochastic, MACD and the 3 and 15EMA's have all crossed downwards on JSE:BTI which are all good indications of a possible short position. If it breaks lower than the opening of this morning, I will enter short.
USDZAR, The Cup and Handle Pattern CompletedUSD broke above the upper boundary of the cup and handle pattern on the USDZAR chart.
We can long the pair with the target that is equal to the pattern's height.
Stop-loss should be below today's lowest point.
Large Engulfing CandleA very large engulfing candle has formed on JSE:NPH . It has engulfed at least the last 6 candles which makes it a stronger signal. So I think we can expect an upward move from here.
Harami on WoolworthsA Harami candle pattern has formed on a support level on JSE:WHL . This candle pattern potentially indicates a reversal, so we could see a move to the upside from here.
