Wave-Trader
Long

LONG LONG LONG standing trend line about to hit

FX:USDZAR   U.S. Dollar/South African Rand
1450 28 50
I am expecting buy setup near the trend line . Break below will invalidate the idea.
Comment: Its bounce of very hardly expecting explosive wave.

snapshot
Comment:
USDZAR Clear breakdown may change structure
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Thanks !
I agree - see : http://www.fin24.com/Markets/Currencies/its-an-importers-market-as-rand-finds-strength-20160801
Rand expected to range between R13.80 and R14.40 which is a lot of pips !
The economy is also not looking to great : http://mybroadband.co.za/news/business/174016-this-simple-chart-shows-how-much-trouble-south-africa-is-really-in.html
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You are most welcome Corrie_V and thank you for your feedback.
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Yes mate C wave on its way good luck.
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Jahid Wave-Trader
thank you for remember bro :)
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My pleasure.
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Wave-Trader TOP Wave-Trader
You were quite right mate
snapshot
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Jahid Wave-Trader
Thank you bro :)
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I love the simplicity of the chart and how shows a trend (wave) with minor pullbacks along the way.
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Wave-Trader TOP kniedoborski
thanks mate
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Whats your take on this WT and wont ZARGBP shift alot of pips?
snapshot
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Wave-Trader TOP investment6300
This is really amazing mate. But try to be realistic when you are counting waves and predicting future waves based on EW.
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considering the weekly trend might this be the outlook
snapshot
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Wave-Trader TOP investment6300
Amazing mate. Good job
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investment6300 Wave-Trader
thanks for response, do you consider CL & DCL with them as we consider midcycle flow more as noise with in the wave strategy. Fx different having a cycle to cycle of commodity that we look at DCL & CL
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huge swap fees to be accumulated for 2-3 months BUT there is also a massive potential for profit.. mate, you got my interest!
+1 Reply
Yup swap is really high on this cross mate.
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haha. a currency cross that is normally not on my monitor... thx
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LOL change your monitor or change your platform mate where you can see this :) thanks for the feedback
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Very nice ABC corection, good job Wave-Trader. I hope it will retrace back for the entry, this would be a perfect long-term trade. Thank you :)
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Wave-Trader TOP sketchmaster
Cheers mate, watch detail analysis on this link mate. https://www.youtube.com/watch?v=nBmALdSBCbA
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Hi sir, i need your advice, one weekly basis i opened a long position ( was very late in trade) I am already at a loss of -1200 pips at this time ( still in trade though) , should i stop this trade or it will definitely go up on a weekly basis ? here's a snapshot of what i am talking about. :https://www.tradingview.com/x/0IsgDNpO/

Thanks
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Wave-Trader TOP Wave-Expert
Dont worry mate it will go up. but yo enter very late. Dont try to chase running candles next time ok it will give you loss. Watch this video for detail analysis ok it will help you alot and dont get panic mate. https://www.youtube.com/watch?v=nBmALdSBCbA
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Snapshot !!
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Wave-Trader TOP Wave-Expert
Try to entry as much low as you can it it start correction as i have shown in the video ok. try to close this on breakeven and buy on lows correction.
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Any Update? back to trend line
+1 Reply
Yes keep watching for buy will update very soon mate.
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