Al parecer segun la subida que tuvo el USD ante el ZAR este puede estar recuperando por un alto importante que acaba de tocar , al parecer podemos esperar que agarre fuerza hacia la baja para seguir subiendo en una temporalidad mas macro.
Maybe, many people looking for a buy on this pair because of DXY strenght. But the structure doesn't lie. We will be looking for a sell even if it breaks 2018's top.
Have a look at this idea and see if it fits into your structure. Good luck, FIBZ
Sell USDZAR at 15.35000 SL: 16.00000 TP: 14.02000
USDZAR corrective move over extended, we are still waiting patiently for the drop. Pattern is still very much valid.
Called it a week ago. If you saw it and traded it , you are welcome lol!! :)
I am looking towards sellers gaining momentum on USDZAR , at breakout of the support for the diagonal we sell and target the Fib Levels as one of 50.00 is nicely at the previous strong demand zone.
This pair has made 4h & 1H reversal pattern. A bigger picture ascending channel with abcde correction & a smaller reversal pattern, (within the bigger pattern )1H Ascending broadening wedge/ or you could say its also a ascending channel. Price recently rallied down and broke the smaller 1H stucture (ascending channel/ ascending broadening wedge), price made a...
This study is for demonstration and educational purposes. We see the possibility that bulls are losing momentum as price reaches the current key zone as noted. Additionally we see formation of possible ascending wedge, which techincals tell us that we could be in for a droop. Price action at current key zone as noted is key. Will price reject attempts to rally...
1. I like trading USDZAR because of the large movement potential. Same reason I like trading Bitcoin, not because the currency is realistic as a monetary replacement to the dollar. I am, however, in support of block-chain technology because of its utility in health & data storage. NOWHERE on the stock market will you see regular moves so big for maximizing profit...
A Bearish Trend Continuation flag is unfolding, at the break below the engulfing candle(where my entry is set as on the chart above), there I sell with two targets.