On the chart above, we have an unfolding pattern , my recent new favourite pattern called the Quasimodo Pattern. Reasons For Entry : - Currently Trending About The Demand Zone - Local Low Broken - Lower Low Forming Wait for the breakout off the Resistance for the Lower Highs of the current bearish skewed rectangular trend then enter to BUY towards the QML area...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
After a previous entry ive entered USDZAR again The Fibo on the side which highlights the 30% level highlights when i should move my SL to BE being a swing trader i can hold trades for up to a month. so I've formulated a new strategy to move my SL to BE when a trade has moved 30% of the PIPs for TP
USDZAR rejected resistance zone. Can go short.
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
USDZAR completed a running flat on the daily time frame, expecting another leg down for the completion of the larger degree B wave.
See trade idea below with analysis and comments. We saw that price bounced off the 61.8% fib level, and took off on a bull run. It retraced very recently to the 50% fib level and appears to be taking off again. We can look at the daily moving averages (50 and 200) and see that the moving averages are crossing, possibly to the upside. This would be a potential...
You can see we have a well respected trend line and a strong resistance level, currently price is nearly at these so we can only see price movement to the downside. Again look how clean and and clear we keep our charts... remember simplicity is key... F#ck all the so called GURUS telling you that you have to use 200 indicators and follow there holy grail strategy...
As we can see there is a strong resistance line on the 4h chart ( pointed out by our purple arrows ) and we also have 2 very strong trendlines formed ( pointed out with red arrows is where price has respected these ) All analysis is pointing south of the border with bears well in control, we are expecting price to continue respecting this resistance level and...
13.46895 is a key resistance level that will be respected, and with the 2 added trendlines ( purple arrows are where price has previously touched and respected these lines ) we can see no other direction other than down with this pairing, so we are in a sell position at the moment but we have a tight SL just above our resistance level just incase resistance is...
- Oversold on weekly, daily & 4hr. - Breakout of downtrend would adhere to elliot wave. - Touching daily & 4hr support trend line. What are your thoughts?
if it break with a confirmation signal , we can go for short to 13,00 otherwise we push our way to 13,35 1st Tp Personally i-ll aim to the 13,50- Got no SL.
Please see my previous analysis on this pair. If you followed this idea, hopefully you protected your profits along the way before price reversed close to the retest of the trendline. As with any trade idea, we have to watch what the market is telling us and follow suit. We can see clearly how price is respecting trendlines on a larger time frame (highlighted in...
BUY @ 14.55 - IDEAL 14.4180 TP 1 14.65 TP 2 14.77 TP 3 15.00 TP 4 15.38 TP 5. 16 SL 14.27
I have been looking at this trend and here is my take on what the Rand will most likely do in the next couple of days.
Still holding this view since last week, good time to sell now.