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Here we can see the market has broken out of the downtrend since June 2019. This comes after a very dovish ECB failed to meet expectations with a rate cut yesterday. Price needs to get above 15.76x to confirm the retracement back towards the initial 38.2% target with extensions beyond that if necessary. To the topside 16 looks within reach this summer, whilst to...
Another exotic market in my Monday watchlist. The pair broke the descending trendline a couple sessions back (seen in next chart) but bears took control when the 4H 50MA was touched (seen in next chart) and made me hit my SL :( Friday was an interesting session. The price printed another hammer candle finishing the session right at the resistance area. That...
EURZAR has printed a long tail (hammer) candlestick at an area of strong support where we have seen the pair rebound in the past. Furthermore the pair broke the support and recovered in a very strong way. The market is also oversold and approaching the descending trendline dating from the beginning of June. I believe a rebound to the 15.886 area is on the cards....
Analysis team bought EURZAR @ 16.16 with the target @ 16.4130
EURZAR long intraday/swing trade setup Buy limit order at 16.36359 TP 16.50479 SL 16.25293 If price fails to trigger the buy order I will close
Daily and 4HR bias bullish Price has retraced and printed a bullish hidden divergence in30-35 RSI band which makes this long trade high probability! Good luck and good trading!
Testing a new continuation indicator. This is for when trends are already established and will enter on a signals that point to a probability of continuing. Entry signals and indicators are in my private notes.
There is currently a bullish opportunity with EUR/ZAR. As long as it does not close under it's current support zone which is at ~1.1612 the bullish move is valid. Trade safe.
Hello Guys, Buy opportunity presents itself today especially if price action closes strong above the current minor support turned resistance @15.45. Take profit should be above 15.60 with stop loss below today's lows of 15.30