USD / ZAR 15.59310 + 0.18 % SHORT IDEA * PRICE ACTION & CONTINUA
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair has currently entered a down trend as WE break below on the 4h chart.
- There is a supply zones to look out for on the pair at 32.8 % fib before we continue with the bears.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair has currently entered a down trend as WE break below on the 4h chart.
- There is a supply zones to look out for on the pair at 32.8 % fib before we continue with the bears.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Trade active:
phase 1 successful, currently rejecting well at the fib level trade triggered with the bears.
Trade active:
ADJUST SL TO BREAK EVEN, THE PAIR HAS ENTERED A RANGE, BUT WITH THE FUNDAMENTALS COMING TODAY VOLITILITY WILL SOON COME INTO PLAY.
Trade active:
CURRENTLY TESTING THE SUPPLY ZONE BREAK BELOW ANTICIPATED FOR TARGT 2, ADJUST SL TO PREVIOS SWING LOW SINCE WE ARE AT A SIGNIFICANT LEVEL
Trade closed: target reached
