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Same heading from the last analysis, and thus far this pair has been performing well to our expectations but, we might also have another opportunity to jump into this trade. I am observing this pull back but my mid-term trend remains to be up. And alternatively price might be forming an expanding flat wave 2.
Lovely confluence formation between the Eliott wave principle and the harmonic principle. Looking for a lovely third wave move to be completed and at the same time a beautiful Gartley CD leg is to be completed. Looking forward to seeing this one play out. If you have any views on USDZAR, do shoot in the comments below, I would highly appreciate it. If you...
Good Day Traders USDZAR broke out of the downtrend channel and it retested the channel looking good for an entry to the upside targeting 15.59, with stop loss at 14.85 Regards Buti Buti
Apart from the trend breakout, not only has price gone in for a retest but it looks as though we have a little head and shoulder pattern forming. I've drawn 3 trendlines on my chart, one of which has been broken and tested. The second has also been broken and price has reached for a retest which just so happens to be the right shoulder of the trendline. My main...
Hello all, just a follow up of my idea yesterday, on the four hour chart. So I believe that we are looking at a retest to confirm the break out and a potential long buy. Any pointers or sources of good educational information I would love to hear about them in the comments
Midterm forecast: While the price is above the support 14.5030, beginning of uptrend is expected. We make sure when the resistance at 16.3405 breaks. If the support at 14.5030 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 16.315 on 2020-06-10 and the...
Hello everyone: Few USD pairs have picked up some momentum, and USDZAR certainly is shaping up for the continuation. Latest price shows us a descending channel reversal, and we see a LTF bullish impulse, breaking out. The confirmation here would be to wait for a continuation correction on the LTF for entry to the next swings high area as a potential...
Pair rebounded from key level at 14.8945 with strong bullish movement Price broke upper edge of falling wedge pattern Above SMA 100 It's expected to target resistance level at 15.3760
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
Hi traders if you remember my last idea on this pair I was looking for a big correction. Now I got what I wanted so how I can trade this, watch for a h1 correction to buy to expose 15.88 at the moment not on sells. good luck thanks for support like, share and comment below