tweshathemba

tweshathemba

US30 (4H) Dow Jones Industrial at support. October high backed by the October high week close. Bulls need to hold this levels to remain constructive on this stretch.

tweshathemba

Aussie dollar at support ahead of the fed. We're looking at the 2023 Low week close (LWC) 0.63327 backed by the 2023 Low day close (LDC) 0.63215. I'm also looking at the falling wedge into support. A break down of this level and we'll be looking for the 2023 Low 0.62701. A daily close above 0.6375 will put the Aussie back on a buy signal.

tweshathemba

ETH just closed the month and is poised to close the week above the May 2021 high week close (HWC) 3584.21. A level that has provided a decent pivot in price and held the March 22 highs. We're looking to see if this level will continue to hold support now post breakout to challenge the yearly highs for a breakout of the yearly opening range. Next level higher...

tweshathemba Updated 

7R trade Idea. Price shifted structure in lower time frames. The 30M low has been shifted and we now expect at least a short term change in trend. The first target is our swing low. Also note how price switched market structure on the daily chart. We believe that we will at least revisit 137.293. We will evaluate as we go along however for now, our short term...

tweshathemba Updated 

Morning Folks. I have a long trade idea here on XAUEUR. 4H bearish structure has shifted to bullish. I'm expecting price to retrace back to the demand zone (also support) at 1749.42 which is the August 2020 high. I'll be looking for confirmation before going long. A shift in momentum will be enough to justify an entry with stops around 1745.37. I'll be watching...

tweshathemba

Another week. Another dollar to chase. Hi folks. I'm looking at an interesting setup here on Gold. I'm seeing a inverted hammer candlestick here that wrapped up last week. We're at a decent support level here to hold prices up going into next week starting August 13th. I'll be looking for a long setup at the open with a target around 1945 (last week's high)...

tweshathemba

The swissie has broken back above a key pivot level 0.8700 which is currently providing support. We can see a bull flag pattern developing and suggesting that we could see continuation higher on what appears to be a retracement rally. I believe we will see 0.9000 once again where we can look for shorts. For now. I'm looking for an entry around 0.8700 (last weeks...

tweshathemba

Not a trade recommendation. Just a trade idea based on my model.

tweshathemba

I expect more weakness in the EURO down to that demand zone prior to moving higher back into the swing high.

tweshathemba

A short position idea on the SPX500. This is a short term entry based on our HTF analysis which will be published soon. A purely technical view. We believe that today marks the first day of the decline in US equities. The US CORE PCE will be released in under an hour.

tweshathemba

Please see my previous post on the metal for more information about this this post.

tweshathemba

I've loved trading this instrument for the past couple of months. Catching every pip from the Feb low and the retracement that we find ourselves trading currently. This may come as a surprise to many but sometimes markets just trade beautifully and sometimes, they'll leave you thinking that you should have found something else to do with your life. Anyway...that's...