Eur/Zar is making crazy swings high and low on the daily time frame. These crazy big swings are actually inside of a channel. We are now at what seems to yet another top of the swing inside the channel. So now I believe it is time to sell Eur/Zar for a swing down. Im always trading very small and using risk management.
We maintain a long term bearish approach to this pair. Presently, after a break of structure, we have a corrective move targeting the unmitigated zone at 20.39 price handle. On the 4 hour time frame, we have a change of character and internal break that informs our buy position at 19.9
Ez in fib majoy golden zone creating head and showlder pattern divergence trade with the trend price in downtrend on daily 4 hour look for break of neckline of head and showlder pattern to enter sell look for trade on major sessions let,s make some $
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought Fib Retracement confirms a target to the Short side Take Profit is Derived from Pivots
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold Fib Retracement confirms a target to the Long side Take Profit is Derived from Pivots
Price came up to a previous resistance level and formed a hammer candle indicating price is ready to head back down. RSI is overbought that is also a signal for a sell. Good luck friends. :)
The 13 EMA has Broken above the 5 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over bought Fib Retracement confirms a target to the Short side Take Profit is Derived from Pivots
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold Fib Retracement confirms a target to the Long side Take Profit is Derived from Pivots
Account Size: 10000 Lot Size: 0.13 EP:20.2953 SL: 20.4293 TP 1: 20.1403 Tp 2: 19.9958
Currency pair made a bearish divergence at last HH and broke below HL. Its currently trending in a downward bearish channel and is likely to continue the bearish trend.
Looking forward to price moving Upwards considering the formation of an upward trend. HL and HH are forming on the 4H timeframe.
EURZAR harmonics pattern AB=CD marked, entry point is break of lower low which is point B and stop loss is point C.
For the better part of the year, the South Africa Rand has weakened against major currencies. Q2 we saw a reversal. Presently we have completed a bullish correction that grabbed the trend line liquidity. We have or sell limit orders placed either at the liquidity level of 20.67125 or unmitigated supply at 20.71422. Our projected exit is the liquidity sitting below...
This analysis hurts my pocket. Travelling around and living in Europe means we pay in Euros. Hotels, flights, costs, etc... And I unpleasantly am doing an analysis showing how the Euro looks like more upside is to come. It's this kind of analysis I really hope I am 100% wrong. Anyway, upside is to come bease on the Reverse Cup and Handle. The price...
As there is no divergence, and we can observe a bullish flag hence it can be predicted as a continuation of a bullish trend