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.
USDZAR rebounded from supply zone around 15.10000 price reached bat harmonic pattern bearish target at 88.6% fibo level MACD shows negative divergence RSI shows overbought so its expect further selling to demand zone around 14.70000
4H Chart Explanation: - Price broke the Ascending Trendline and made a Pullback to it. - Now, it is on a correction. - If price breaks the correction, potential to move down towards the Support Zones. Weekly Vision: Daily Vision: Updates coming soon!
Here tracking for a very technical pullback after a test of last week's open. Positioning is incredible stretched meaning the tree can be shaken at any minute, I want to get long USDZAR but reluctant to chase anything at these levels. Tracking a pullback into the 14.7x jurisdictions before doing anymore business here. A similar move for those tracking USDTRY: ...
EVERYTHING ON THE GRAPH WE CAN SHORT...
Price has rejected off of very strong resistance with a pin bar candlestick, along with the daily descending trendline above. Price is forming a very nice looking head on shoulders formation, & I am anticipating price to make its way to the ascending trendline below.
Papa Smurf teaching doing some good.
With a bullish sort timeframe market, we are looking for more buyers to come in taking us to the 15.06000 Zone with the bullish continuation flag, with the A, B, C , D and E waves completed and resistance for the flag broken out, we expect a good Risk to Reward ration.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
We took a little intra-day buy on USDZAR based on the details in the chart. The Risk/Reward is decent and we are just looking to ride the trend here to the upside. We will lock in gains after a 0.3% rise in price.