Trend Is Your Friend 1. One touch, Two Touch and Three Touches complete a trend. 2. EMA acting as dynamic resistance 3. Market has entered an area of sensitivity @ 19.8000 also know as a psychological level where institutions place orders and take profit 4. Waiting for 3 two hour candles to show signs of rejection to place sell...
1)Wait for candlestick confirmation or Double top formation in the Lower time frame. 2)Trend line breaks down in hourly time frame
Should be up in profit if you entered my alert last week. I'm still short EURZAR long term. it's a slow mover
After our last call, which already trigger with a nice profit, we can look again for the one who missed it at a 2nd chance to enter in market. The price retrace at the 0.5 fib level of the previous leg and we could even expect to see a further move up to the 0.618 fib level (around 19.676) level for a retest of the resistance structure. If the market will give us...
we se potencial triple top and 3-th point of descending trend line
Here are some levels to watch for. I don't recommend entering a sell if you missed the move as this pair can move extremely fast (500+ pips in a day). I will update if I see a potential re-entry to short.
EURO ZAR LONG IDEA , ZAR HAS BEEN WEAK GLOBABLY AND THIS IS MOST LIKELY GOING TO CONTINUE IN THE COMING WEEKS WE MIGHT SEE A RTRACEMENT BUT LOOKING FOR LONGS HERE'S EURZAR LONG IDEA ON THE DAILY CHART
EURZAR Trading Plan BUY - Riks Reward 1:3
EURZAR is one of the most volatile currencies. One more wave up in the ending diagonal.
Hi subscribers! This chart shows how the price was initially at the support level, after which it rose to a key level, from which it went even higher. This means that the first target is at 17.40000. and the second at 17.50000. Good luck to you! If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
Looking at the EURZAR pair, i am waiting for a break of market structure and i am looking at some kind of more lower highs to be created and for the market to repeat itself before dropping even lower. I would also be looking at the top of the rising squeeze before selling to get a better risk to reward. However, there is a possibility that the price might break...