Shingi_Lesetedi

Shingi_Lesetedi

A clear break of structure lows and the neckline of the H&S pattern gives us good reason to look for short entries here. Ideally seeing price react between the 50% and 61.8% fib area would give a low risk short play.

Shingi_Lesetedi

Textbook impulse to the upside, correction into a value area and W neckline giving a nice low risk buy opportunity.

Shingi_Lesetedi

After a strong bullish close on Friday we can expect a continuation after price comes down to collect more buy orders, (if enough) we should see another push up. I'd watch how price reacts near our support trendline in order to get a tighter stop.

Shingi_Lesetedi

A clear impulse to the upside is present on NZDCAD. We can now see what could be a pullback that is yet to complete. Looking to buy near the neckline of the W if this pattern holds. I'd wait a little bit more since we might see Monday long/short traps.

Shingi_Lesetedi

Trade situations like this one are not very rare to find in the market. When you do find a situation like this, the odds weigh heavily in your favor. When price breaks a strong resistance level and pulls back there is always a very good chance that there are a lot of pending buy orders sitting at the zone. When you can combine this with more confluence factors...

Shingi_Lesetedi

After setting an all time new high at $2075 we are now seeing a well due corrective structure. Given the preceeding trend we can expect price to continue its uptrend if our key demand zone manages to contain price. Upon completion of the 5 wave corrective structure we can expect an A,B,C structure inclining to the upside taking low risk entries where possible.

Shingi_Lesetedi Updated 

We have an impulse wave that broke market structure. If we get good confirmation we can sell to the fib extensions.

Shingi_Lesetedi

This is a very large channel EURUSD is trading within. Price is reaching a very good area where we might see sellers step in and drop price.

Shingi_Lesetedi

Trading at a strong structure area we could look to either trade a reversal to 70.810 completing the right shoulder or buy to 80.500.

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From this markup we can see AUDJPY now at an important level on the monthly timeframe. For now I'll be keeping an eye out for short opportunities while being prepared to see a breakout to the upside and reacting accordingly.

Shingi_Lesetedi

Looking at the weekly chart price is trading near a key resistance trendline and horizontal resistance area. We could see a drop to the next key support areas. Try to look for a clear momentum shift and break of structure before selling.

Shingi_Lesetedi

The rally to $2300 is becoming more clear with price having closed above its all time highs. We're likely to see even more aggressive movements to the upside. Pullback trading might not be effective in this market, I'll be looking to scale in on the next breakout on lower timeframes.

Shingi_Lesetedi

There is a good chance we will see sellers trying to push the market down from this key level. Right now its too risky to pin point an entry. I'd wait for more data.

Shingi_Lesetedi

Price is heavily bullish on this pair so I'll only be looking for buy opportunities until structure is broken. I've indentified a low risk buy area that will only be valid if we see a decline from the -0.618 extension.

Shingi_Lesetedi

In my previous analysis on DXY we were trading within the flag pattern which broke out and reached our target level. Now we are seeing price having broken further low. The trend is over extended and we should see at least a pullback to 94.50 at some point if not a full on recovery. No pattern is present to predict a reversal. There is much space to the downside.

Shingi_Lesetedi

We can see a trendline on 4hr timeframe that has been tested multiple times. I'm expecting a possible break of this trendline and a drop to 1.16830. Go onto your weekly chart and you'll see a bearish pinbar that gives much needed confluence.

Shingi_Lesetedi Updated 

We can see a very strong structure trendline that is holding price in a bearish trend. Price is back at this structure and is forming a double top. If we get good entry criteria on lower timeframes price could at least reach 0.61480 and at most reach 0.51880 if our pattern is right.

Shingi_Lesetedi Updated 

We got an impulse breaking previous structure highs and a pullback to a very good value area with support trendline as confluence. If we close with a long wick rejection it would be a good place to buy with a relatively tight stop. Targets will be -0.272 and -0.618 while closely monitoring price action.