[SELL] GBPZAR: BRITISH POUND / SOUTH AFRICAN RAND 1H GBPZAR: BRITISH POUND / SOUTH AFRICAN RAND 1HShortby Obothlale1
GBPZAR 22.3725 + 0.36 % SHORT IDEA * TREND CONTINUATION Hello everyone An idea on the POUND / ZAR pair that has been trading in a descending channel hitting LH & LL heading down with the bears looking for a continuation of this move with the trend, the pair is currently trading at 38.2 % Fibonacci. TARGETING 61.8 % Fibonacci in the coming week. let's see how it goes HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.Shortby PULEMokhothuUpdated 4
Long: GBP/ZARPlacing a long trade here for the day, will close before 22:00 BST today to avoid slippage on the weekend. NFP results are today so trying to stay clear of USD Not many technicals really line up on the 1HR for a long or short, however, the candles indicate uncertainty and the price history indicated it may long within the support/resistance. 4HR indicate the potential for an up-swing, candles are sitting on resistance, MACD & signal line are crossing and the K% & D% in the stochastic oscillator are crossing in the momentum zone.Longby JD_FXUpdated 0
GBPZAR: BRITISH POUND / SOUTH AFRICAN RAND H1GBPZAR: BRITISH POUND / SOUTH AFRICAN RAND H1Longby SparkBridgeAssociates1
symetrical triangle break downConfirmed break and retest of this triangle on the 4 HR, lower blue box is the final target/measured move. -NickShortby Nick1upTrading1
Long: GBP/ZARLooks like the price may be reversing after a sell-off Stochastic oscillator is suggesting the market is oversold MACD & signal line crossing to indicating a price reversal Histogram on MACD is showing buying volume coming into the market Price is currently sat a support line 4hour chart indicated the same as the above Longby JD_FXUpdated 0
Short: GBP/ZARContinuation of the downtrend Candles have been uncertain overnight and now indicating volume coming in possible bearish reversal candles and clear confusion whilst side trendingShortby JD_FX0
GBPZAR: BRITISH POUND / SOUTH AFRICAN RAND 1HGBPZAR: BRITISH POUND / SOUTH AFRICAN RAND 1HShortby SparkBridgeAssociates0
GBPZAR: BRITISH POUND / SOUTH AFRICAN RAND 1HGBPZAR: BRITISH POUND / SOUTH AFRICAN RAND 1HShortby Obothlale0
Wait for Shark Pattern to CompleteBe patient, and keep eyes on this indicator. IF (and only if) price comes to selling zone, then it is also at an important resistance level , it seems in a good short setup. Remember that price action is important to conform reversal ( double top , shooting star , evening star ....), and watch the RSI divergence carefully. If the pattern is violated, then setup is cancelled.by ehsan_alrawiUpdated 114
Wait for Cypher Pattern to CompleteBe patient, and keep eyes on this pair. IF price comes to selling zone, then it is also at an important resistance level , it seems in a good short setup. Remember that price action is important to conform reversal ( double top , shooting star , evening star ....)by ehsan_alrawiUpdated 0
Daily chart with The Pound and the Rand Currently we in consolidation, Are we breaking above or to the downside, No decision yet! Simply place your stop above traingle or below! Proper risk management.by Mr_Benjis3