If I get stopped out, that woiuld only mean price wants to test the other golden level. My confluences had all lined up. *Disclaimer* This is not financial advice. Forex trading is a risky business. Exercise proper risk management. #TradeLikeMagnatrio
Your entry criteria is also your reason for exit. Luckily, our TP was hit and immediately, started forming a falling correction. If this forms in a downtrend, 90% of the time, price is going to reverse. My second confluence is the divergence on my RSI. My third confluence is the 8 & 14 EMA cross over on the M15. Another confluence is the trendline violation. So...
if our daily support manages to hold and we have a bullish candle close, we might see price push higher to the top/resistance of the range if you can see it. from there, if price manages to break we should see price push higher to complete the daily wickfll on the left and that is the daily resistance. price has been bullish for the past two weeks and if nothing...
The chart is now forming a W which shows that its now going uptrend. Let's watch this pair
I have bought USDZAR. FX:USDZAR Civil unrest has erupted in South Africa after the arrest of former president Jacob Zuma. The currency pair has been in a downtrend since April 2020 and has just broken the downward channel to the upside. I prefer trades with such a confluence of factors working in their favor. Let's see how this plays out. - Sure Capital
We have seen USDZAR price was falling like Skyfall the last couple of weeks, and all the Bear was enjoying the fall, but now it's Bull time. If you closely see the USDZAR daily time frame, it's already breakout the downtrend channel and creates a good reversal umbrella pattern. Right now, it consolidates the support level, which is good for me for further up. We...
Would love to see a nice breakout, with usd strength chiming in the market. #BLESSEDPIPS
Will we see on more impulse to the upside before we take out 13,400???
#USDZAR market is moving in the bearish channel and after hitting strong support it is going to buy up to TP2.
After one year pullback, USDZAR technically gives us potential opportunity to long. It may be the better option to take position after breaking the downtrend line. NFA Trade safe guys..
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS...