get ready... or enter however your system tells you to enter... I lose sometimes ... so u should not follow me blindly.... if you think this is too early , use a moving average crossover on hour 1 or hour 4
Look for a sell right now! DO NOT SELL NOW!!!!! You have to wait for price to start to move down. Spreads will be high at the open in 1 hour and a half anyway ... So you might as well just wait! This pair is at a all time high on the "Weekly, Monthly Chart" .... We already traded a big 2 day move down... but I took profits when price started to move up!!!! So...
Good Day Traders... A LOOK AT USDZAR IN THE COMING WEEKS >> IF YOU LIKE THIS IDEA KINDLY LEAVE A LIKE AND COMMENT... KINDLY FOLLOW AS WELL FOR MORE SWING AND DAY TRADE IDEAS, APPRECIATE IT. > ITS STILL EARLY TO ASSUME THAT THE USDZAR HAS FOUND ITS ROOF AND WE WONT BE SEEING HIGHER BREAKOUTS. > RAND FIRMED LAST WEEK AS THE GOV DISCUSSED MEASURES TO CONTAIN THE...
USDZAR closing in on support at R18 and if this rand strength continues the next target is the horizontal at 17.20
USDZAR Trading Plan SELL - Riks Reward 1:3
USDZAR Trading Plan SELL - Riks Reward 1:3
Price is approaching our first support level in line with our 61.8% retracement and horizontal pullback support where we could see a bounce to our first resistance level , in line with our 38.2% fibonacci retracement . The video analysis is linked below as well, so do check that out and leave a comment on ideas you would like to see next!
Price is approaching our first support level in line with our 61.8% retracement and horizontal pullback support where we could see a bounce to our first resistance level, in line with our 38.2% fibonacci retracement. The written version is linked below as well, so do check that out and leave a comment on ideas you would like to see next!
In my previous analyses I have provided reasons as to why I considered the USDZAR bullish for the medium to long term but it seems for the short term at least we may be seeing bearish price movements. I believe we're seeing this because of weakening of the USD and in part due to overbought levels on the daily time frame, meaning its a necessary pull back if we are...
According to the type of induction that London did, we can see a follow-up of purchases in new york with structure
The Lira is nearing its all-time wides relative to the dollar. The Fed’s foreign CB repos and swap lines can tame the USD a bit, but they can’t save the weakest EMs like Turkey and South Africa. Some of Turkey’s largest exports are cars, trucks, and vehicle parts (the 3 are roughly 14% of exports). COVID transportation pain not going anywhere... TRY is. (weaker).
catch a entry! will be a big drop can go up before it goes down
looks very clean price action on this for a lovely sell coming up price is moving very corrective as seen with this just see what happens now at the top of the structure !