Eurzar buys, tk cross below the cloud rsi above zero, and Kumo flipped bullish. Price action is creating an N wave formation it's on the last leg of the wave. Tp is marked by the fib extension tool.
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This pair has broken the range to the downside on this time frame, pulled back to test the previous support turned resistance and now price looks like it could continue its downward movement. Resistance is @ 16.713 and the bearish target for the short trade is @ 16.462 on the hourly time frame. However if price moves to the upside and breaks the resistance, that...
Trend continuation 30 time frame. after being in a bearish trend (the pole of the flag) moves into the bullish parallel channel. The current price is at the middle of the channel. Two possibilies are here; The bearish flag pattern will come into play and price will drop sharply if it breaks down the channel. However the breaking above will result in bullish...
EUR~ZAR gave us a beautiful impulse to the upside, so for us to continue bullish we"d like to see price break above resistance and retesting the zone in a form of flag completing the possible head and shoulder pattern once that has happened we can confidently go long with the pair.
A descending wedge on the daily time-frame confirms a strong bullish market in the long term with the completion of the third touch on the support level. A break of the descending channel on the H4 further solidifies the pattern within pattern strategy, strengthening the bulls momentum on this pair.
EURZAR forecast....Here we are looking for BUY opportunities.. we see a clear descending channel with a pattern within pattern structure giving ours opportunity to go long...You can wait for price rejections at the bottom line before entering buy or either wait for breakout of small pattern within big channel then enter buys...once price break that horizontal line...
Draw a diagonal trend line connecting the lows. Four or more touches are the best trend lines. Next, wait for a daily close below the level. Enter at the close of candlestick. The next entry comes on the retest of the trend line if it occurs.
TRADE ALERT: EUR/ZAR
IDEA: SELL (GO SHORT) -
Would you BUY or SELL and WHY?
PRICE ACTION: (BREAKOUT of an Inverse Cup and Handle)
TIME FRAME: DAILY
FUNDAMENTALS:
Some policymakers at the ECB (European Central Bank) have said the situation in Ukraine could cause the ECB to slow its exit from stimulus measures.
Then we have Russian forces which have seized Europe’s...
Monthly:
-Bearish W pattern.
-H&S pattern.
-No structure that could stop the price until the next monthly low.
Weekly:
-Expecting to reache the BOC.
Daily:
-Bearish W pattern.
4H:
-Bearish W pattern.
-H&S pattern.
EURZAR has been trading in a bearish parallel channel and just recently broke the channel. The barometer now is the falling trendline, which will helps to short on strength.
Alternatively, break above the falling trendline will call bulls back in the party and long positions should be open.
Trade your levels accordingly.
OANDA
