GBP ZAR BUY There is a potential trend reversal on the 4 hour timeframe. Stoploss: 23.053 Take profit: 23.55Longby Visionary_insightsUpdated 334
A high reward GBP/ZAR selling opportunityThe markert has completed a running flat correction and therefore wave C is expected. the pound is very bearish and will be for months to come.Shortby MlungisiMpapane3
🔥 GBPZAR: Curve Analysis (6W) 🔥SLO2 @ 24.40 ⏳ SLO1 @ 23.90 ⏳ TP1 @ 20.15 TP2 @ 17.75 TP3 @ 16.00 TP4 @ 13.25 BLO @ 12.50 ⏳ ADDITIONAL INFO: 🤔 If this HTF Curve Analysis holds on this 3H chart, then we'll have an opportunity to short 🏆 POSITION TRADERS: +45.70% or 111,500 pip OPPORTUNITY (max)‼️ ✍️ NOTE: Each TP is a POC where we expect market participation to switch from being supported by buyers to being resisted by sellers — USE THESE LEVELS AS SLOs or SSOs for your add-ons. 🔑 LTF = LOW TIME FRAME PA = PRICE ACTION POC = POINT OF CONTROL SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT Short-term time frames (1-minute to 3 hour): — Highly volatile, price movements can be fast and unpredictable. — Suitable for day trading and scalping, but require constant monitoring and quick decision-making. — Not ideal for beginners due to the risk and stress involved.Shortby ProfessorCEWard4
GBPZARHigh changes for downtrend because 4 hour and 1 hour both trend is down. Caution GBP news may change direction or liquidity grab.by forexdrtrader3
GBPZAR short setup.This pair has just completed an ending diagonal reversal pattern , complemented by divergence. Looking to short it and targeting R22/Pound.Shortby AN-Pecuniary0
GBPZAR November 19th, 2023The Chicago Mercantile Exchange's Commitments of Traders (COT) report for the week ending November 14, 2023, shows that there are signs of weakness for the British pound (GBP). Non-commercial traders, which are typically hedge funds and other large institutional investors, reduced their long positions in GBPZAR by 4,735 contracts. This was the largest weekly decrease in long positions since the week ending March 1, 2023. However, commercial traders still have a net long position in GBPZAR, which suggests that they are still generally bullish on the pair. The decrease in long positions from both non-commercial and commercial traders suggests that there is a growing number of traders who are expecting the GBP to weaken against the ZAR. This could be due to a number of factors, including: The ongoing economic uncertainty in the United Kingdom. The UK economy is facing a number of challenges, including rising inflation, interest rates, and the ongoing war in Ukraine. These factors could lead to a decline in demand for British goods and services, which could weaken the GBP. The strengthening of the South African rand. The South African rand has been strengthening in recent weeks due to a number of factors, including rising commodity prices and the ongoing depreciation of the US dollar. This could make the ZAR a more attractive investment for foreign investors, which could further weaken the GBP. Based on the COT report, it is likely that the GBP will continue to weaken against the ZAR in the near term. Traders should be prepared for further declines in the pair. source: www.cftc.govShortby DNP-FX6
GBP-ZAR - Keylevels - DailyThese are the keylevels on daily for GBP-ZAR, there is still in a bearish trend , and if you want a confirmation, just move on weekly.by sfc954
gbpzar looking bearish seems like getting ready for downside breakout formed ascending channel in daily timeframe and expecting downside breakout incase of successful breakout expecting bearish wave towards 21 keep eyes on for breakoutShortby Worldofchartsfx2
Bullish FlagAs the bullish flag suggest that the the bullish trend will continue al it does not hv any divergenceLongby gharisbinqasim0
GBPZAR bullish idea (scenario-1)GBPZAR cup & handle pattern found as per 1H, it's already tp-1 achieved, still we can enter after break higher high up to TP-2 as marked. It's scenario-1, I will analyses bigger time frame 4H, 4h telling another story.Longby AsifAwan112
GBPZAR If Break 15 M Support Turned ResistanceRISK To Reward 1:3> If market pushes price to break support, and retest the EMA area of support i will enter a long position. Longby Shivvy_280
GBPZAR UPDATE Still on the way to R25.00 to the poundThe charts never lie! I posted this trade alert in October 2022 with the massive Falling Wedge on the Weekly. It broke above the R20.35 and it showed the next strong resistance at R25.00. target will be R25.00. I called it a long term analysis but changing it to a MEDIUM term analysis because of how quickly it's accelerated. I guess we can only wait for the target to reach until the next trade alert is given. Poor Sout Africa and those holding rands (Including myself). Longby Timonrosso4
W10-11 GBPZAR BEARISH IDEA (HARMONICS PATTERN)The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ). Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator. SL & TP Levels are defined.Shortby khabeerkhalid1
W9.1-33 GBPZAR BEARISH IDEA(DOUBLE TOP)Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.Shortby khabeerkhalid0
W9.1-17 GBPZAR BULLISH IDEA (HARMONICS BULLISH PATTERN)Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR) Entry at the new HH SL & TP Levels are defined.Longby khabeerkhalidUpdated 0
BRITISH POUND VS SOUTH AFRICAN RAND Posting because at the moment, being South African, one of my favourites technically. Given the sad current bad state of affairs with corruption within South Africa, being recently Grey listed, the current almost collapse of Energy (Electricity) with Eskom in almost collapse whereby the country is facing daily energy cuts of up to 6-8 hours a day. How will this Gartley play out? Supposedly a Bearish Garltley. Realistically, looking at a bounce at the 0.5 fib. And noticably the Trend line to the upside has not yet to be broken. by hmaroudasUpdated 112
Perfect automated detection of Butterfly & DeepCrab PRZ - ShortA bearish-type Butterfly pattern occurred. If the price rises to 22.862, a bearish-type DeepCrab pattern could occur. Also on the daily chart, bearish-type BlackSwan pattern is occurring. Short after seeing the rebound. *Harmonic patterns are automatically detected using the indicators below. - Harmonic auto-detect PROShortby HarmonicLab1
GBPZAR - Bearish Butterfly Pattern H4.The pair shows a beautiful Butterfly pattern forming. Its end point is the beginning of a historic weekly order block. This level hasn't been testes since August of 2020 and it is very likely that there's historically trapped volume at this level and institutional orders are likely to be sitting at this level. The last harmonic projection on this pair from my account was a super success. NB: well harmonic patterns do not always complete so entering into a but is not advised purely based on the projection of a harmonic. Failure of a pattern happens when the pattern fails to complete to D but rather gives a confirmed fail usually at Fib levels 70.7 and 113 respectively. Stay tuned for more updatesShortby harveygoldfx0
GBPZAR SHORTFinally the pair has mitigated a previous unmitigated zone. The larger trend is bearish, on the 4HR we have a CHOCH and BOS. For confirmation we have a CHOCH on the Daily timeframe. We are anticipating a bullish correction where we will place our sell orders. Our target is the 19-20 region sitting at the bottom.Shortby morrisgitau0
GBPZAR SHORTThe XA leg of the Harmonic is a Double top in itself. The huge wicks on that leg suggests large institutional volumes trapped in that region. The CD leg just broke through the last order block and we see a confluence on the 1.272 Fib and 2.000 Fib where the CD leg completes. The H1 also gives a beautiful crab pattern competing around the same region. I would say this move may wait for the release oof Non-farm data for a violent take off in the Bearish side and if not enough volume is taken then we may see a retest and a gradual Bearish movement. Shortby harveygoldfx111
Perfect automated detection of BlackSwan & Butterfly PRZ - ShortA bearish-type big BlackSwan pattern occurred. If the price rises to 22.300, a bearish-type Butterfly pattern could occur. Short after seeing the rebound. *Harmonic patterns are automatically detected using the indicators below. - Harmonic auto-detect PROShortby HarmonicLab2
GBPZAR - Macro Its a beautiful thing. Need to draw fibs on a month time frame or a week at least. Most beautiful Gartley Harmonic ever. <3 It is what it is. Materialism means nothing. It's just a simple game of snakes and ladders. :) Mum :D by hmaroudasUpdated 2