USDZAR is bullish longterm. There is a short-term USD weakness which might find a support around the 16 level. A pending long with stop at 15.9 and an open target might be a good strategy.
Price at support - Retracement to 0.5 Fib level is expected LONG TRADE : Entry : @ 16.3740 Target : 16.4800 = 100 pips Stop : 16.3270 = 50 pips Risk Level : Medium
I think this pair might see a correction soon. Maybe the top we already have seen! I try to short, but it is risky, because the uptrend is still okay and this pair is very volatile!
Triangle formed on H4 ready to be broken. Worth a long at current level with stop at previous lows. Target 18ish
"Chinkoullinger", the term is not mine but from a french trader "Robby Scalping", well it's a mix of Bollinger with two standard deviation and Ichimoku clouds. The BB bands can be seen as a kindoff secondary cloud to evaluate the lagging span behavior. What's going on for the next week in this exotic pair? The pair has just broken the summer 2015...
Divergence between price and MACD Expecting Price to drop to the Monthly Pivot
Ascending Triangle Cup and Handle Pattern Above 15.2125 Target 15.6125
Good morning traders, A countertrend opportunity based on Wolfe Wave completed pattern . I´m entering short @ 15.03 with a target of 14 , SL 15.31 You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like...
Traders, channel just has been broken so this pair should be heading downwards! Good luck! Cheers, Sam
QUICK ANALYSIS: A proprietary pattern I have discovered and named JANUS suggests a top at 14.50790 today. The Janus is one of several proprietary patterns I have discovered and use as adjuncts to my Predictive/Forecasting Model and geometries (Geo and Wolfe Wave). However, they are often used as third-place elements, as they carry a lesser probability weigh than...
QUICK ANALYSIS: 1 - Internal reciprocal ab = cd symmetry points to 12.9022: 2 - Nascent Geo: 3 - Elliott Wave Contracting Triangle: 4 - Predictive Analysis & Forecasting Model defines the following bearish targets: -- TG-1 = 12.94603 - 16 SEP 2015 -- TG-Lo = 12.68373 - 16 SEP 2015 --TG-Lox = 12.51395 - 16 SEP 2015 Invalidation would occur if and once...
A great long term opportunity here trading the wave 2 according to previous educational post "how to look for setups using EW" (see related ideas) Looking at weekly chart we see price finished a long term zigzag near all-time highs. We see also a clear five wave impulse finished (wave 5 circled blue) Here on D1 chart price already finished wave 1 (green in...
Friends, Look for a breach of the 2-4 Line (even beyond defined geometry) for a potential short signaling. Bears are starting to weigh on the $USDZAR pair, while #USDollar is also shoeing signs of fatigue across other pairs (in addition, look for internal weakening in $SPX and $USDJPY correlate). Background geometry is the Wolfe Wave with its 1-4 Target...