albert.callisto
Long

USDZAR - "Chinkoullinger" analysis - long opportunities

FX:USDZAR   U.S. Dollar/South African Rand
"Chinkoullinger", the term is not mine but from a french trader "Robby Scalping", well it's a mix of Bollinger with two standard deviation and Ichimoku clouds . The BB bands can be seen as a kindoff secondary cloud to evaluate the lagging span behavior.

What's going on for the next week in this exotic pair?
  • The pair has just broken the summer 2015 resistance, it took a day and you see that the bears did not manage to bring the price down. It bounced against the cloud.
  • Bullish movement broke the resistance and the price reached the upper Bollinger levels. This former resistance is now a support for the SL of a long trade.
  • PA is above Kijun, PA is above the cloud, lagging span has no obstacles in sight. Moreover it broke through the two Bollinger upper bands. From Ichimoku point of view, it's bullish
  • A small correction will probably occur towards the Tenkan and evt. Kijun. The long entry can be issued afterwards.
one of our students made his first R1.3 mil on this spike...lol
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yup, our president at his best lol... #Zuma
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yep we seeing 17 soon...
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Seen this jump? I did not expect such a rocket green candle
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