Short after it goes below the line and retests. Check for retests in a lower time frame.
another short position opportunity, after breaks the line and and retests like the other.
Long term sell opportunity, already confirmed and retested.
Very similar scenario to the EURNZD trade posted earlier. After a very strong bull run the pair entered overbought territory and we see a bit of a spinning top what it is usually a sign of weakness. It has a lot of room to run and very little support on its way what makes the R:R on this trade exceptional. How do I play it? There are 2 entry points : - We can...
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...
EURZAR short intraday/swing trade setup Sell 15.73300 SL 15.84046 TP 15.60558 80% and trail the balance Descending triangle broken to the down side, enter short on the retrace to .2360.5 fib zone
Zar Fundamental Quant Score: +33 - Retail sales grew to 1.2% showing consumer confidence in South Africa - PPI breached forecsats by 0.1% which is healthy for producers - Interest rate decisions had no signs of dovish action so investor money flow should continue flowing into South Africa - Trade balance showing a huge surplus Technical Analysis - Daily Sell...