Price has respect all time high Closed doji candle yesterday and closed bearish candle today. I will wait to sell during London session, only if price is moving down at the time. Trade safe as this pair can move 700+ pips in one day.
Hello dear subscribers. The price of the Euro in the previous chart reached the target at the resistance level. Now the price will reverse in the opposite direction and reach a new target at the key level. Good luck to you! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
I would like this setup, unless it rejects off the local highs before retesting the H4 level.
Waiting for the market to clear this H4 level a little more and retest. Then looking for long for a continuation of the Daily trend.
The market after retracing till the 0.5 fib level is now putting pressure on the weekly resistance in red. If the market will manage to break and close below the structure we can look for a nice short order according with our strategy with a huge rr. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any...
EURZAR is trading in a descending channel, which price seems to be respecting very. Recently, there was a rejection at the resistive trendline and a break of the counter-trendline, presenting an opportunity for bears to short the pair. The first target is the support zone. Be sure to use proper risk management and do not oversize your positions. Be sure to...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
1)Wait for candlestick confirmation or Double top formation in the Lower time frame. 2)Trend line breaks down in hourly time frame
EURZAR Trade Completed, Rising Wedge, Entry 19.54, Exit 19.22
We have been in this trade since long but the market seem to make a further bearish move. The price found a resistance area at the 0.382 of the fib retracement and it currently stay above it. If the market will manage to break the resistance structure, at the resets we can look for a short order with a target around the 0.5 retracement area and possibly 0.618 for...
Should be up in profit if you entered my alert last week. I'm still short EURZAR long term. it's a slow mover
Contrary to most of the trader's opinion, symmetrical triangles are not always continuation patterns, they can also act as market tops. EUR ZAR completed a symmetrical triangle top pattern last week, since then it has broken down from it and now it's back to the previous support zone that should now act as resistant. This setup provides a 3 to 1 R trade to take.