I am expecting breakdown of this bearish flag or B wave. First entry is based on entry before breakout of trend continuation pattern and second entry is based on entry after breakout. Remember this flag may extend itself but will remain intact for sell setup.
EURZAR appears to be at the end of its three-months-long decline. That decline consisted of 12 down-weeks in a row, and may have completed with a hammer candle, followed by an up-week that also gives a stochastic buy signal. Last week's up-week also had higher volume than the previous four weeks.
Strong/weak pair. Needs to close above resistance line. then retest resistance-turned-support line to enter.
SHORT TRADE : Entry : SELL @ 17.2388 Target : 16.1965 Stop : 17.6582 Risk Level : LOW RR ratio : 1:3 For more signals : fxgenie.com
I have been actively trading this pair together with the USDZAR pair as well (they have been incredibly wonderful & very profitable pairs to trade with). Ever-since a very strong upside rally at the beginning of this year to some new highs; this pair (together with the USDZAR) has ever-since left the highs far behind; & have started plunging lower & lower...
Potential trendlines channel and fibs to get some setup to trade this pair Wait and see Trade your plan. If you dont have any avoid trading (Warning. I am a private trader. I don't sell any signals, equipment or other sources of learning about forex . I am here to share ideas based on technical analysis to improve me on Forex practice. Trading forex is...
SHORT TRADE : Entry : SELL @ 16.960 Target : 16.670 Stop : 17.220 Risk Level : MEDIUM RR ratio : 1:1
LONG TRADE : Entry : BUY @ 16.7600 Target : 17.283 Stop : 16.375 Risk Level : LOW RR ratio : 1:3