Moipone_Phakisi

Moipone_Phakisi Jun 12

After price broke out of a bullish flag it retested a newly formed weekly demand zone. All this confirmations on a high timeframe are strong indications that pressure is still to the upside and will likely continue to be so for some weeks to come

Moipone_Phakisi Jun 2

Consistent daily demand zones are being created in this uptrend, signalling this is still a buyers' market. Momentum to the upside will continue and new All Time Highs will be claimed as long as new demand zones on H4 and daily timeframes are created.

Moipone_Phakisi Jun 2

DXY is weak and it is therefore not surprising that GBPUSD is gaining strength. According to the rules of the bull flag measured move target, the bulls will be in this ride for a while. As long as that H4 demand continues to hold, look for buying opportunities and ride the trend to the upside.

Moipone_Phakisi Jun 2

My bias on Gold has been bullish since I took the first long position at 3150 when I saw a bullish flag on the daily timeframe. The bullish continuation patterns on H1 TF are helping me scale up and add new positions as price continues to rally. IF you are lucky price might pullback to the right shoulder region of the current inverse head and shoulders pattern....

Moipone_Phakisi May 28

I see strong bullish confirmations and continuation patterns on the H1 TF —that H4 demand held on strong. I am anticipating new all time highs in due course. If you are swing trader, every pullback is an opportunity to scale on the longs.

Moipone_Phakisi May 28

The bulls are still strong in this market. However if you are currently not holding any positions I would recommend waiting for that H1 bull flag breakout and retest.

Moipone_Phakisi May 28

Price is showing signs of being rejected in the current daily supply zone. A strong momentum to the downside will take price to daily support and if daily support breaks the next target will be in weekly demand.

Moipone_Phakisi May 27

Price was retested and rejected in an H4 demand zone following a massive pullback. Since then, it has been showing consistent higher highs and higher lows on H1 and has now confirmed a bearish-to-bullish reversal in the form of an inverted head-and-shoulders pattern. Whether or not there is a minor pullback, as indicated by the arrows pointing to the downside, the...

Moipone_Phakisi May 26

The overall trend is still bullish. But now that we have a broken H4 TF resistance trendline, price is pulling back. If the current H4 demand is violated, look for long entries in the next H4 demand zone.

Moipone_Phakisi May 26

Even though the overall trend is still bearish, a pullback might be needed since we have a confirmed breakout of a bearish flag on the daily TF.

Moipone_Phakisi May 23

Price is currently in a strong daily support zone. We also have a breakout and retest of a bullish flag as extra confluence. Bullish momentum will likely commence next week.

Moipone_Phakisi May 23

I am still bullish on GBPJPY. Trading is mainly about patience. Until we get a clear breakout and retest of that flag, we continue to sit on our hands patiently :)

Moipone_Phakisi May 20

Price is currently respecting an H4 demand zone. A breakout and retest of the bull flag will be a strong buy confirmation.

Moipone_Phakisi May 12, 2023

All signs and confirmations are pointing towards a bearish GU. The dollar appears to be strong right now so this is well aligned. A retest of the broken Double Top Rejection should be confirmation enough to short. All the best :)

Moipone_Phakisi May 8, 2023

I am bullish on Gold - at least until the current ATH is taken out. Technicals are very clear and consistent when it comes to the creation of new ATHs - a pullback will follow. This is aligned with the rising wedge formation I am currently seeing which as we all know, has a bearish bias.

Moipone_Phakisi Apr 12, 2023

Not much to say about this setup really but if you are risk averse wait for extra confirmation in the form of a break and retest of the neckline. Price action is beautiful. Especially when you get to a point where you start seeing the patterns before they fully form? Good luck :)

Moipone_Phakisi Apr 12, 2023

Now that CPI noise has died down a bit I am seeing a clearer direction. For one, DXY is still respecting a strong daily demand so my bearish bias on GU has some backing. Also, this is looking like a classic textbook break and retest of a rising wedge is it not? Good luck :)

Moipone_Phakisi Apr 4, 2023

I did a Top Down Analysis on EURCAD and identified a Head and Shoulders Pattern on H4 timeframe. This bearish continuation pattern will breakout to the downside and I am shorting to the bottom of the neckline of said Head and shoulders. Dont take my word for it though, use your own confirmations if you will. But the bears are strong in this market. All the best :)