I looking for Sell for USDZAR. It already touches the Daily TF OB and I believe is now creating the Distribution Schematic and is getting ready to sell. I've mark the areas where I think it will retest to sell.
MN TF - Downtrend WK TF - Downtrend D1 TF reacting off Supply H1 Entry
Clearly we on the fourth wave.. Am not good with words but let's see how this play out. If you will be taking this, trade cautiously.
USDZAR SHORT - Sell Entry - D1 Chart Symbol: USDZAR Timeframe: D1 Type: SELL Entry Price: Sell @ Market Stop Loss: 16.35325 Take Profit: 14.85791 🔺 DISCLAIMER 🔺 For educational informational purposes only. 🔺 Analysis may change at any time without notice. 🔺 You must research and create your own trading plan.
USDZAR | BULLS TIRED? The bulls looks tired and taking correction in parallel channel. They can either take support from parallel channel and continue making higher highs Or the pair can break the channel and touch the recent low and bears take charge from there. Key point highlighted on charts.
lets talk chat patterns, this is an ending diagonal in Elliott wave language, and it is also known as rising wedge. always expect price to drop after a complete ending diagonal. for a low risk trade, you can wait for breakout.
usdzar showing alot of weakness ,price looks oversold, bullish momentum is very low.anytime we should see price dropping after completing wave b. our wave c should impulse .Patience and proper risk management.
EQH as always indicator a sell area of liquidity, so we gonna sell it hard and its gona be sweet
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDZAR formed a head and shoulder pattern which might give us a great shorting opportunity on breakout of the neckline. What is your bias on USDZAR?
The South African Current Account for the second quarter is predicted at ZAR305.1B, and to the Current Account Percentage of GDP at 4.90%. Forex traders can compare this to the South African Current Account for the first quarter, reported at ZAR267.3B, and the Current Account Percentage of GDP at 5.00%. South African Manufacturing Production for July is predicted...
Currently on a short position but looking for a long position @ 12.70 this will take sometime to manifest but worth the wait as there's money selling to the awaited level. Have a great trading week & all the best on everything!!!
USD/ZAR This last week saw considerable depreciation in the ZAR against the dollar, surrendering around 3.34% (taken at 18:00 CAT, Friday). A noticeable move was witnessed on Thursday which continued into Friday but later that day retraced off the intra-day high above 15.38. This coming week could see a retracement towards the 15.00 psychological level but much...
Still bearish on USDZAR. Short any price action below 15:00000 expecting a retest of the previous lows at 13:50000
USD/ZAR BEARISH FORECAST ANALYSIS EXPLAIN WHY AM LOOKING FOR SHORT.
Trend Analysis The main view of this trade idea is on the 15-Min . The FX Cross USDZAR has been trading in a rectangular pattern between the 14.33145 and 14.44046 range over the last couple of days, providing an opportunity for a breakout in the FX Cross. Expectations are for USDZAR to break below the rectangular chart pattern to head towards 14.21 zone. ...
South African Rand strengthens over a weak dollar after a week of looting, the Government, especially the eThekwini municipality announced that there will be a financial aid plan for affected businesses and more.
Looking to make another sniper entry here.... then scale in. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key #Trade_Like_A_Magnate