USDZAR is still on a downtrend and after the price was pushed up to R14.5 and rejected from the zone. Sell is looking good even if you pull out your fib. Technically USDZAR is a good sell and put in mind that South Africa economy is in a real mess in recent time and the US market opens on Tuesday, All things good, i see USDZAR selling to R13.9 Trade with caution!
Hey guys, just an idea and inspiration for you. ;-) Seems like we continue the downtrend.
Trend going down making lower lows continue, Sell Expected on Pullback
The chart patterns forming are clear as shown in the chart but I am mostly interested in the COT report, banks are holding longs on the ZAR yet we have been seeing a bullish move in the last week or so, a DROP IS CLOSE WE CAN GET A DOUBLE TOP along the trend line, SO BE ON THE LOOK OUT
This idea is for demonstration and educational purposes and does not constitute a signal to buy or sell. One must study price action to confirm direction of price at each key zone in the market. This idea has been labeled as a short term short idea as part of a bearish continuation after a flag formation. After an extended time of bearish momentum last week, we...
Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few...
Currently the price is in the no-trade zone, however, a break from the descending triangle pattern will give us a confirmation for going short
As we continue our price action study (see links to related ideas below), we see that price is lingering at a key zone in the market. Looking left we see the market open gap from a couple of weeks ago, which seems to be a market favorite spot. Watch price action to see how price responds to this zone..will it continue beyond this? If so I would expect to see...
SELL USDZAR 1HR on a pullback Sell Limit: 14.906 tendecy: Downtrend Fibonancci retracement Follow our website and all other social media platform
As the title reflects, this post is for demonstration and educational purposes only and does not constitute a signal to buy or sell. I am labeling this as a short for now. But we know this can change all on price action. Explanation of my inclination is below. Please refer to my linked post below to get an overall idea of this study. As we continue to study...
Watch this trade and see how it fits into your system. keep pipping!
The rand held its own through the USD bull run, wonder what it'll do when there's nothing holding it back. Good luck and follow me for more!
Price to drop from here as was not able to break falling trend line
USDZAR SHORT SHORTING FROM 15.08 TP 1 1000PIPS TP 2 5600PIPS To get involved with mentorship or get more trade ideas; contact me. Instagram @VARGOSCAPITAL
Sell USDZAR. spot ref 14.6773 Stop 14.8070 Take Profit 13.83 The trade is longer-term but risk reward is good. Please be patient and disciplined. Best of luck.
Hello to all watching my charts. Here in USDZAR we have a nice chance to get a look at a trend change to long. The pair is still SHORT (in my blue longtime shortchannel) but has been made a nice Long try in the shortterm green channel as well and now: Watch out 1. the red marked line and 2. the blue resistance line in the range 14.68 Both lines have to be...