Entries by Joshua Matumo

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Following the double top breakout, price hit our targets, which is usually the height or distance of the tops. This setup gave us slightly more pips than our expectation.With bulls currently in control. We wait for price action to clarify whether their momentum will take price back to our neckline or bears will continue with their waterfall of price after the bullish retracement.

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: This week’s analysis will be a follow up on the pair of the Pound against the Dollar based on the analysis we did on the pair two weeks ago. True to our previous analysis, we have seen a breakout from the descending triangle and prices actually move bearish like we anticipated.

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WEEKLY ANALYSIS TRADE SETUPS: AUDJPY & XAUEUR – (15th – 19th April, 2019)📈📊💰

We are going to look at a follow up on this pair which we did during 25th-29th March. During the previous analysis, there was a triple top that was supported at the neckline which is labeled as the support level now. Bulls sustained the rally after the bounce off the support up until we got to the resistance zone. The second last candle stick was an inside bar and we can see what ensued after that. Finally we broke out of the consolidation by a huge bullish candle stick.

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WEEKLY ANALYSIS TRADE SETUPS: GBPAUD & AUDJPY – (25th March – 29th March, 2019)📈📊💰

GBPAUD This week’s analysis is going to happen on the weekly timeframe. Price has been trading within an ascending channel for 5 months. Therefore we’re in an uptrend. The occurrence of the price ceiling validates bullish weakness and bear power at this point. Last week’s candle stick closed as a hanging man. A candlestick which […]

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WEEKLY ANALYSIS TRADE SETUPS: NZDCAD & AUDUSD – (18th March – 22th March, 2019)📈📊💰

NZDCAD Welcome to our weekly analysis this week. We are going to look at NZDCAD on the weekly timeframe. It is quite apparent that we are in a bear market. Trading in a descending channel that dates back to 2016, having retracements lasting a few months then sellers take charge. During the last few weeks, […]

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WEEKLY ANALYSIS TRADE SETUPS: USDCAD (25th Feb – 1st March, 2019)📈📊💰

On this pair we are also going to follow up on what we observed two weeks ago. Price was on a long term ascending channel. There was a bearish move to the lower boundary of the channel. Right at the lower boundary, formed a bullish engulfing candle. Later the following week a doji was spotted […]