Target : 25.17 Stop loss : 13.74 Take profit at red lines.
Waiting on 4Hr candle close above trendline to go long
OANDA:USDZAR - Just wait for the breakout below.Possible formation of Head and shoulder. Keep it simple. Pipdified.
This idea is for demonstration and educational purposes only. I suggest If your account can handle the risk for this idea, it would be a great set up. Possible 700 plus pip reward.For demonstration, I placed my stop loss above the key of support as noted. I do not recommend this, but if you wanted to stand a little bit more risk you could allow more room for...
This pair broke out of the channel it was long in. with USD news around the corner, a dump in USD will give us the opportunity to get our USDZAR long orders filled. I'm placing mine at 14.44 and 14.34 respectively. hopefully, USD will go down.
First let me preface this by saying I am always a student of the markets. My analysis is an educational study and is for demonstration and study purposes only. We must study the market closely and understand that market conditions are subject to change. Thus, I say, as always, perform your own analysis and trade at your own risk. Always use proper risk management....
Double bottom formation at key level in the market. Note the strong wick rejection (doji) around the key demand zone, as circled. Price will pull back some and it will take some time for this idea to come to fruition IF it does. I put my stop loss beneath the double bottom for a low risk to reward trade set up. Please see linked idea below to follow from start....
USDZAR completed running flat correction. Making a nice flag right now for upside.
# Ascending triangle pattern spotted # Breakout of resistance and retest as support Buying at market price 14.15580 # Stop loss below support at 14.04748 # Take profit higher up below resistance at 14.50171 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in Forex Bootcamp using the Telegram link below
Possible Inverse Head and Shoulders; price is grazing the 61.8% key fib level in the market from the last swing high to swing low points. Long term take profit area 14.6. Watch for reversal pattern and moving averages on the daily. Trade at your own risk. This idea is for demonstration and educational purposes only.
We had bearish momemtum on the weekly chart FX:USDZAR Formation of flag pattern Break of the flag pattern We will now wait for retest of break and buy to the upside TP1@ 14.68573 TP2@ 14.82020 TP3@ 14.9522
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 !!
Completion of ABC Pattern in Higher Time Frame with Major Support on TypwC Target Typw3
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
Previous resistance is now a support level which the pair just tested and seems to have not broke below