Potential short setup on USDZAR after breaking out of the channel and retesting it. Also, take note of the ending diagonal after the breakout and retest.
on the D1 chart , we have potencial double top, on the H4 - we have cross and test daily ascending trend line and crossing corrective trend line with Engulfing bar , we expect to see down move to 18.0000 level
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 USDZAR technicaly based idea, we can see price is bounce from supp line - trend line, two tops are created,...
To me this is a nice short. We have some nice structure forming on this pair. many confluences which indicate short me, my favorite being the 61 fib rejection! ;) Good r:r I will happily take losses when the r:r is so good :)
UP TRENDLINE BROKEN AND RETESTED . CURRENTLY RETESTING MONTHLY KEY LEVEL
USDZAR Trading Plan SELL - Riks Reward 1:3
Have a look guys and lets discuss your thoughts?? Thanks.
Hey guys, looking at ZAR for a short opportunity. The 1 hour trend is Exhausted.. not really looking at "what" will happen more like when. Patiently waiting for it to break that first trend line however a Head and Shoulder pattern has formed, extra confirmation. Got in on a 3 finger setup. Sell till next structure, which if its respected, will be resistance to...
After a successful long trade this is my outlook on current USDZAR market .
Sell From Top of the Structure , Let see how Market Move in Downside. ThankYou
USDZAR is one of the most volatile currencies. One more SMALL wave up and good correction possible. Here is M10 timeframe
Hey, Just mapping out some ideas about what could happen with this pair over the next few days and weeks. Would prefer the longer term option which is obviously long just need a reason to get it and preferably lower, much lower. T$
SELL USDZAR AT RED LINE TP AT GREEN LINE SL AT BLUE LINE BREAK OF TRENDLINE AS WELL AS 21 MOVING AVERAGE ACTS AS DYNAMIC RESISTANCE
Price May be push upside then possible a downside movement after test the Double Top Pattern. or Sell After any kind of BearFlag Pattern. ThankYou
Looking at the bigger picture, we had a fail at the second touch to push the price higher. Price is starting to squeeze at the top and we had a fail swing that has formed. Looking at a possible correction towards the downside (Aggressive) Sell around 15.3665 Trail around 15.49250 and so on
Have a look at this idea and see if it fits into your structure. Good luck, FIBZ