Tsholo_Mosholi

Tsholo_Mosholi

I hope US30 will meltdown to grab liquidity at the lows.

Tsholo_Mosholi Updated 

This bearish strength is nothing but a fundamental move with strict lock-down measures worldwide. A retest of at least the levels I have analysed is what I am looking for. Entry on the red won't be easy but there are always hints on the trading chart.

Tsholo_Mosholi

I trade in the direction of the overall trend. US30 is still bullish. Test of Support is what I'm waiting for. Patience is what I have and in turn my win rate is far more than my losses.

Tsholo_Mosholi

Break, close, retest and continuation up

Tsholo_Mosholi

Expecting complex ABC/ 3 Swing retrace pullback to support.

Tsholo_Mosholi Updated 

I am expecting a retest of supply and demand level as depicted from my analysis. I will take a buy trade upon successful retest.

Tsholo_Mosholi

For me, overall direction is still bullish . It will be bearish when Swing Low 1 which is the first S&d Zone being broken and price closing below it. Only then I will consider sells. In an Up trend, I always expect the Swing Low to hold. It has been holding. Either I will take a buy if price tries to test the Swing Low 1 again, which I doubt because it has done it...

Tsholo_Mosholi Updated 

Sentiment is currently bullish.

Tsholo_Mosholi

Short on NAS100

Tsholo_Mosholi

Expecting a complex pull back ABC style

Tsholo_Mosholi Updated 

There is still strength to the downside, though price is at current supply and demand zone, price is showing some weakness in that area as the bearish momentum is slowing down, but the current bulls that are jumping in, there is not much strength from them. We have also formed a sideways direction at demand level, so I am expecting to see some bearish strength...

Tsholo_Mosholi

If price retest the 50EMA which is in red, it will also be at the down trend channel resistance which is in baby blue color. That will be my entry for a short term trade, however, it seems as though price will be heading to the very bottom of the main trend support lines which are marked in green.

Tsholo_Mosholi

Planning for a long position in the near future....

Tsholo_Mosholi

I am trading the earnings since those were good. I have three possible entries, depending on where price will be when the market opens.

Tsholo_Mosholi

Breakout. DXY is weak and is heading down.

Tsholo_Mosholi

Price at trendline support

Tsholo_Mosholi

Either I take a short at one of the three risk/ratio positions depending on what price NAS100 gives. My entry will be on the 15 min time frame. Position 1: Based on 50EMA rejection on 15 min chart AND "50% PULLBACK FIB" Position 2: Retest of resistance and possible 200EMA on 15 min chart. 200EMA will have moved closer to resistance. Position 3: TP at previous...

Tsholo_Mosholi

COVID-19 second wave ?