Hello traders, I'm slowly going to be getting more active in FX once again. Well to start out with this pair has been one of the best defined trends I have ever traded. And the area I'm looking to get long at at previous resistance turned support around the 12.4800 area. Stops will be placed around the 12.0000 area marked by the red line. The trade targets are...
This is about to break the trendlines and most likely is to the downside, because this is a falling wedge. What I see is that there is a potentially SHS pattern in the make at the top, if that is confirmed I will short directly or else wait for perfect entry. For those who like to queue their entries this is a nice setup. Good luck and don't forget to manage...
Three Drives Pattern(Non-Ideal), potential regression to uptrend_line(minor), Rising Wedgex2 with WW characteristics(5 waves), AB=CD and Doji Candle. RSI bearish divergence. Price closed within Wedge. Notes on Chart.
Bullish flag broken and backtested this morning. First target around 12.60 where neckline for cup and handle will come into play. Above 12.60 next target around 13.00-13.10
Uptrend_Line break_out and Retest. Potential Triangle break_out (abcde). Down_Trend continuation. ABCD.
Last week I posted a long trade idea on this pair at the price of 12.15. The price beautifully pushed up to break above the wave 3 resistance level to confirm further continuation of the uptrend. and Now i'm up +300 pips. Prices have been rejected three times at the 11.69 resistance which confirms why we are biased towards the bullish side. Prices are also trading...
Friends, You you followed the "Adv. Market Geometry Lessons" offered over the past months, you are now aware of this pair having hit its bullish targets in the way up, and most recently, its first bearish quantitative target ("TG-1") as we defined a top-reversal and are now considering a probable decline. The Predictive/Forecasting Model targets are as...
A series of lower highs point to further weakness. I´m short at current levels while price keeps below 12 . SL above this level on a daily close. If you want confirmation just wait a move below ascending trendline . 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....
- At Horizontal Support, and 100 sma. - 61.8% retracement. - Rejection and reversal. - Holding Uptrend_Line. - RSI at Support.
Wedge like formation, brake_out, in an uptrend, potential Shark projection. Potential retracement from overbought levels, and possibly retest.(abcde) (Long entry)
Dollar index has yet to clear the 20DMA but once it has this one should resume it's upward trend with commodities still not able to recover. Open 3 positions or more for the two main targets with additional positions for a continuation. Move stops to protect positions once price has cleared them. Good Luck!
USD/ZAR has formed a reverse Cup & Handle pattern that if validated could see the pair move 6.65% to the downside in the short term. A break and consecutive 2hr closes below 11.74 validates the pattern and the pair could target 10.94 in a measured move. Momentum is wallowing in the "oversold" region and since price closed on Friday near the 11.74 support leaves...
Well, just as the previous post on this pair, we may have another buying opportunity setting itself up! I will be looking for long entries within the area of the .50 (11.8770) & .618 (11.7583) Fib Retracements, with stops slightly below the .618 Retracement. Targets will be the Fib Extensions (-.27 and the -.618). Happy Trading =)
Well what we have here is another beautiful rendition of trading based off of structure levels and trend following. Hmmm, I wrote down some notes on the chart to explain some of the technical attributes of the pair. I will be looking for a long opportunity on P/A reaching confluence of the lower boundary of the channel and the .50 Fibonacci level. With stops set...
USDZAR (Weekly) Ascending Triangle brake_out. Within 2011 Channel. Orderly advance. ROC, room for extended uptrend. Retest possible. Measured Move Target : 12.50
The weekly chart is still in an uptrend, and I emphasized before in a chart how the bearish divergences are buying opportunities The daily chart shows an inverted H&S, a false breakout below the support from the right shoulder, green impulse, and bullish candlesticks. Considering the chart stands at value on the weekly chart, this is a very good moment to get...
USD/ZAR has been up trending for the last two years with the precision of a Swiss watch. The current bullish channel is still in play and the pair is about to test the lower bound of it after two failed attempt to break above the 11.3388 resistance line. Here are the reasons why rebound is soon due: Fundamental background: The Dollar is still supported by the...