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$
Called it a week ago. If you saw it and traded it , you are welcome lol!! :)
USDZAR is at a critical level where the price tends to reverse on 3 occasions, will price break it or reverse? USD seems to be gaining strength this week. i will wait and see if the price can break the zone and continue on a bullish move, I will wait for the retest to confirm my entry. And if it pulls back, i will still wait for a retest to confirm my...
2,500 pips on two position secured in the bag already, if you are not in yet, look for a possible pullback to enter. My 3rd position is still active, i will ride it down. If it pulls back, slam it with another entry!
If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments also, you can ask me questions... Have a great day everyone!
potential buy setup .... I will update following this analysis , so follow to get the notifications of potential trades entries :)
We have a possible right shoulder for price action guys and end of wave 2 and beginning of wave 3 for Elliot enthusiasts. Good luck, Fibz
Hi Guys, I really love this pair because its very specific in the way it moves if you have spent enough time with it. I kept this analysis simple because I don't see any major bullish opportunities because our analysis of the dollar is not strengthening anytime soon. But this is the market keep your eyes neutral and stick to your plan! Good luck, Fibz
Currently price action is trading low and we can verify we are approaching the sell zone. currently 23.6 price will target Previous low 78.6 5.5% Bear action Using pattern we can verify its a M pattern and target is certain slow but steady its gonna be a swing trade hoping the Powell news drive it lower in favor. Bag safely...its a blessed week ahead.
Check for retest in lower time-frame and open position.
Open position after retest> Long term sell
We are going short on this trade ( if you hadn't gathered that by the title ) after a bounce of a well respected resistance level in the weekly, daily and 4H timeframes. NFP is today so whatever you trade the trade carefully and reduce risks by moving SL into profit where possible.
USDZAR rejected resistance zone. Can go short.