cpointfx

cpointfx

USDZAR WEEKLY chart We have been in a bullish trend and price made a new all-time @19.92392 high which is relevantly close to the pre.high @19.35768. Price is currently consolidating at this price level of pre.high area. We now have to pay attention to price behaviour at these minor swing areas for signals to take trades from. We have two key HL areas to look for...

cpointfx

Looking at taking long positions around the daily broken swing high on the LTF's which confluences with the 71.8 % Fib retracement level targeting the recently formed Swing high given that the DXY continues with the weakness it is currently experiencing.

cpointfx

Looking at the weakness the DXY is experiencing on the Daily and the H4, we are using the the 3-wave pattern to complete at the bottom of the recently formed swing low as this drop is also fueled by the rally in Gold and stock market.

cpointfx

USDZAR has been consolidating on HTF's we are currently at the low of the range hence we are looking at taking advantage of that and take long positions as we target the high of the range and potentially breakout to the upside as we expect the Dollar to gain strength and Gold to drop in value.

cpointfx

We are looking for a rally in price as we are trade around our 1H/4H Demand zone and we have a ranging market that is set to trick many of us to take early trades. We have to waith for price to break out of this range to the upside for us to shorting positions on GOLD and Us100

cpointfx

We are looking at the Gold price as it drops it will affect the AUDUSD to drop aswell as this pair is a commodity pair and they have a direct relation with Gold prices. We are trading art LTF supply area and we are looking to take price to the downside targeting our recently formed Swing on LTF's.

cpointfx

Looking at taking long positions given that the the USD index continues with gain and GOLD drops in value. We are trading around the inner 4H/1H DEMAND AREA and we can see x2 Bullish reversal candle patterns from our 1H cahrt the Bullish engulfing pattern and the beraish pin bar. Now we are looking at a rally in price to our LTF supply area. We have to keep me...

cpointfx

looking at a bullish market, we will be taking buys just after the break out of the minor swing high area formed by intra-day trades.

cpointfx

Taking shorts as Dollar index gaining strength. we have to take advantage of this retracement to our supply from the early hours of the day and scale in with sells.

cpointfx

Taking shorts as the Dollar index gains strength and taking into consideration that most of the technical levels have been broken to the down side

cpointfx

looking at shorting gold as the dollar index gains strength to fast track the process of the drop

cpointfx

Taking shorting opportunities as we are trading at Pre.Mon high area or a supply area

cpointfx

looking at long positions as the DXY loses strength

cpointfx

Looking at long the DXY as price is revisiting the LTF Demand targeting the Swing out side the descending channel LH area now that is when we will look to hedge and add on our sells as more structure trades will be convinced price in an uptrend on high time frames

cpointfx

looking at shorting this index as we see large sellers coming into play and tergeting our recent LTF demand zone

cpointfx

as retail traders add on the sell side liquidity, we go against them

cpointfx

early buys as we are pulling back to the origin of the sell orders

cpointfx

looking at takong longs, as the speed to the down side increases so does our orders get filled quickly