A push above 14.61 will be the trigger to enter long. Now's not the time to buy yet. Posted 5days ago Readying for a Buy (still no Buy signal yet but close) Since my last post, we saw the PA had attempted to test near 14.61 level but it then faded quickly. If the price continues to move sideways or consolidate at this level for next couple of 4HR bars, this...
Going long as OB is tested nor respect and previous high being taken out.
As a South African we are all wondering where the Rand will go. I do not trade the Rand but while it is strengthening you could consider buying ZAR as a carry trade. With the uncertainty around the upcoming Municipal elections the Rand could weaken first before completing the ABCD correction. There is also the looming downgrade to junk status. Around...
A push above 14.61 will be the trigger to enter long. Now's not the time to buy yet.
See chart and have a look at my previous analysis regarding this pair
THE USDZAR IS SHOWING AN ASCENDING TRIANGLE AND A BREAKOUT IS SPECULATED TO THE UPSIDE IT IS STILL YET TO MAKE A NEW LOWER HIGH. WHAT ARE YOUR THOUGHTS? YOUR ENTRY SHOULD BE AFTER THE BREAK OUT OF THE TRIANGLE HAPPENS. FOR AGGRESSIVE TRADERS YOU CAN GO LONG. SAFE TRADING TRADERS! ChserTeam
Sell limit 15.5625, stop loss 15.6715, take profit 15.2530