As I study pairs I like to look at all possibilities in the market and look at confluences in the market for probably trade set ups. As we know, as retail traders, we don't move the markets. We simply go along for the ride. We can study market structure, price action and key levels to formulate possible ideas. Given this, I will say that this idea is for ...
We see price bounced so nicely off the 50% fib level from the higher time frame with an impulsive move. By paying attention to the trendline and in accordance with the fib extension, I would watch for price to reach 50%, 61.8% or 78.6% fib level, which would again respect the trendline as noted. In terms of fundamentals, the South African Reserve Bank defended ...
With this pair I see increasing bearish sentiment in the market and a potential descending wedge formation, afterwhich a possible bull run based on market structure. Price attempted to break structure but the bears were standing by ready! This idea would mean price would respect a few key areas in the market (61.8% fib level as noted), as well as trendlines on ...
Hello Traders
We already had an impulse from the top that pushed the price action inside a sideways channel.
Currently there is a short terme correction ( A,B,C) on USDZAR that will give us a good selle opportunity to the bottom of the channel.
Trade with care,
Never expose more then 1% of your capital to the market.
Best Regards
Hi Guys,
I provide signals based on Supply and Demand . Check comment to get exact entry and tp and sl.
Trade at your own risk. If you want to trade safe then check comment.
This pair is on a recurring bearish pattern sequence on the long term 1W chart. This mix includes a parabolic rise, which when it reaches a top, it develops a Channel Down on 1D (RSI = 37.566, Highs/Lows = -0.3871, BBP = -0.4893). This Channel Down is currently targeting 13.27600 and 12.800 in extension.
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- 4hr USDZAR is signaling a potential bullish reversal.
- RSI bullish divergence and pending trend line breakout
- Should we see ZAR weakness emerge, this may be negative for the SA Inc shares (e.g. the banking sector) which has advanced strongly in recent sessions.
- On the upside, rand hedges should find support.
USDZAR sitting at the .5 fib level (50% retracement level)
Ultimately, we might retrace to the .618 fib level (+-13)
Right now I believe a bounce might be expected due to the following reasons:
- Ending diagonal forming with bullish divergence
- If we are doing a 5 wave down structure (final 5 waves down to reach Y), we might be entering wave 4 (bounce)
- If we ...
FX:USDZAR
I have been waiting to see how price will react to the 14.00 level. Now a candle has pinned the level signalling the bears.
Entered a short at market price @13.93618 with:
*Stop loss above the wick where I feel this setup would become invalidated @ 14.10325
*Take profit placed at the support of the swing low to the left @ 13.65440
Don't bet the farm, ...
If You have a different point of view Please kindly comment or post your chart image below and Substantiate.
*Note this my projection of price behavior and may be used for trading purpose, However CFDs are complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. All predictions are ...
The U.S. Dollar vs. the South African Rand. The Rand was and became legal tender in the late 50’s to early 60’s for South Africa, Swaziland, Lesotho and Namibia after moving away from the Pound. After the apartheid era sanctions the Rand experienced a great deal of volatility and depreciation.
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