ZAR/JPYZAR breaking out of this long long down trend.
Long term Target as shown here.
RISK MANAGMENT IS EVERYTHING
ZARJPY trade ideas
ZARJPY High-risk Initial LongZARJPY High-risk Initial Long. TPs and SL on the chart. 10-20x leverage. Move SL on TP.
ZARJPY $ZARJPY Long ScalpZARJPY $ZARJPY Long Scalp. TPs on chart. 100-500x leverage. Trail after TP2 with 0.5ATR step, 1.5ATR offset measured after close of each candle.
Pitchfork and Fib Extension resistance comes into focusThe Yen is no longer as a safe haven with the BoJ indicating that they are not bothered with a weak Yen. I expect further weakness, anticipating that the ZARJPY, AUDJPY & NZDJPY being great plays for this weakness
The 0.618 Fibonacci extension lies ahead with the price target for 2022 being at the 100% level at 9.519.
ZARJPY 1M LONG?Hello
The divergence in the MACD & RSI indicator indicates the end of the downtrend in the ZARJPY currency pair.
The price is fluctuating in the resistance area after breaking its long-term downtrend line and completing PULLBACK.
The price is expected to be able to get out of this area and experience the BULLISH.
ZARJPY Looks to Be Starting a New Wave DownI will be entering this trade with the intentions of catching the CD Wave Early on and trading it down to or near the 1.618 Fibonacci Extension.
ZARJPY ShortAwaiting a trendline break for confirmation. Targeting 161% Fibonacci extension of the previous move.
LOOKING FOR SHORT TERM TRADESLook for a correction after a strong impulse once you have identified the trend and trade that way. A correction is usually a point where the price struggles sideways. It signifies traders are either taking positions or they are taking profits from the previous motive move
Jogging moodHave a good trading week, folks🔥
There is an analysis update of ZAR/JPY forex pair.
It seems like reversal head and shoulders.
There was a strong bearish sentiment.
According to Elliott Waves theory all the waves are done and now price is heading to the breakout.
So follow the chart and look for the breakout carefully.
_____________________________________________________
If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
Feel free to leave comments✉️
And always remember: "we don't predict, we react".
ZARUSDHi guys in this post I'm gonna give free ZARUSD long term signals just follow the pivot points,
This pair has been RETESTing towards trendline now it will go up boom 💥
ZARJPY: Potential H&SPrice broke a previous day low, hit a RBR and reacted with a bullish impulse and closed above the previous day low. Is the downward push market manipulation? Will be looking for confirmation to go long at the potential right shoulder/QML.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
ZARJPY: Going SHORTPrice pattern is almost the same as EURJPY, potential H&S. Price showing sign of weakness last night late trading session at a QML and a previous area of supply. Going SHORT to target the neckline.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
Long Term Up for Rand YenPlease be PATIENT and trade carefully... Trade what you SEE and NOT USE EMOTION
ZARJPY LONG OPPORTUNITY 🇿🇦🇯🇵📈Good night Everyone 👋🏾
So, here we have another 4H chart.💥
I've marked my resistance key levels (A), my support key levels (B).
I've marked the trendline (D), and spotted what appears to be a bullish flag, making me believe that ZAR might go up enough to hit our TP. 💥
Feel free to use this trade yourself.
Don’t forget to show us some love3 by following us so you GET NOTIFIED EVERY TIME WE POST. 🥳🎉
