TebogoMSelepe

TebogoMSelepe

More job losses, more business closure, fuel prices going back up on a recovery could see South African zar weaken. The financial minister is looking for budget cut on numerous departments and the economic outlook for South Africa is not positive. If lockdown eases further and the South African reserve bank decide on cutting the repo rate further in the near...

TebogoMSelepe

GBPUSD is still short from yesterdays entry on continuation down to target.

TebogoMSelepe

EURJPY also respecting resistance levels and a short opportunity has presented itself.

TebogoMSelepe

EURUSD went up all the way to last month high and respected that resistance. My short position has been placed and I'm ganna see how it plays out and of course my risk management is in place.

TebogoMSelepe

This is a possible move to the down side during this month end of May. If this month resistance holds and an entry presents itself a down side move will be my anticipation. Lockdown restrictions are being eased in most states in the united states while the S&P500 seems to be gaining strength as confidence grows in united states grows.

TebogoMSelepe

The SA repo rate (Interest rate) got cut to a record low by the South African government to facilitate economic activity last week and brought the rand down to 17.5. The proceeded perception is that our country is still in lockdown and still having the economic difficulties. An upside move can be likely and one would have to observe.

TebogoMSelepe

GBPUSD continuation of up-trend. Short-term

TebogoMSelepe

Closer look at where my possible entry might be taken on this trade...Just an idea, awaiting entry

TebogoMSelepe

Technical break-out of USDCAD

TebogoMSelepe

Possible short position for EUR/USD, then for what I believe a possible continuation to the upside.

TebogoMSelepe

An approaching harmonic formation is possible forming on this pair and I'll will be awaiting the possible opportunity. It may or may not complete formation, but I'll will be keeping an eye on the pair.

TebogoMSelepe

Rising wedge on continuation of down trend. Awaiting candle-stick confirmation

TebogoMSelepe

USDJPY has a possible move to the upside upon break-out. I'll be keeping an eye on this pair for sure too.

TebogoMSelepe

Also another look of how one could enter the EURUSD trade on the retest. Again this is just an idea and a possibility of how price may play out. I will be looking at how the candle stick formations form at these levels to see if there is an opportunity to buy. So far I'm awaiting any high probability sign of confirmation.

TebogoMSelepe

Possible move to the upside with a bullish head and shoulders support level. Awaiting confirmations on H1 candle stick formations, will wait and see if the opportunity presents itself.

TebogoMSelepe

Bullish butterfly opportunity on USDJPY, awaiting confirmation....Lets see how it plays out

TebogoMSelepe

USDCAD can have a possible mid-week reversal today, one would just have to wait for confirmation. USD/CAD can be effected by oil prices too, so keeping an eye on oil price today just to give a better confluence of action. I think they wont be any big oil price movement today and believe USDCAD could move independently from it.

TebogoMSelepe

EUR/JPY has a possible long continuation, possible entry on the retest of the support level