For late comers!Another good entry right here for this pair...That yellow zone is good resistance being the 8H kijun,4H kijun. Notice also that the 8H is currently through going through a bearish twist which adds to our bearish confluence. We want suck all the juice from the pair kkk Entry:6.383 SL : 6.410 TP : 6.288 R : 3.5 Smaller position because we already have a main position,this is just complimentary.Shortby taftrader0
Take Profit!We just hit our 1st TP of R-2.14. We now wait for the big on of R-4.77. We should get a pullback from here then another downslide.Shortby taftrader1
Another reenteryWe have been waiting patiently for an opportunity to get in and we might have found it here. The H4 had a bearish engulfing at a zone of significance 6.500. This is an important zone because the weekly cloud boundary is coinciding with the monthly tenkan (which is sloping down so thats good) so we should get good rejection here. If not then price will have to really go parabolic to overcome that, but for now we are still on the short! We have split the position in two to cover the Entry: 6.477 SL : 6.512 TP1 : 6.402 (R-2.14) TP2: 6.31 (R-4.77) Its a reentry so position size should be reduced in case we get stopped again!Shortby taftrader1
Interesting scenario!We have an interesting scenario playing on ZARJPY. The trendline i drew there is actually a representation of the Monthly Tenkan on this pair. That is a strong resistance and we want to play rejection from it and get good R. Entry:6.470 SL : 6.484 TP : 6.401 R : 4,93Shortby taftrader0
ZARJPY: Potential Bearish ReversalDaily is showing a hammer pattern at a previous structure high, a sign that price might be reversing. Will be looking for confirmation to go SHORT to target a confluence of flip zone, fib 61.8 and bullish trendline. 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.Shortby OFPA_FX0
ZARJPY: Potential Bearish Reversal Price is coming to an important structure high and last week price action is showing me that Bears are starting to show interest(the long lower wicks that cover the lower range of the previous candle) but Bulls are not giving up without a fight. Will be watching this closely for a potential SHORT trade. 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.Shortby OFPA_FX1
ZARJPY: Goign LONG on pull backPrice been looking Bullish in the past 2 weeks. Will be looking to go LONG to target Fib 61.8 of the major down swing 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.Longby OFPA_FX1
ZARJPY Daily Chart. Hold your Horses!!ZAR/JPY, D1 chart. This is for Ichimoku fans :) Today or as of this moment or time, Price is sitting at the Kijun Sen (Baseline) and basing on the last candle we can see that there is lack of movement. Kumo is predicting an upward continuation but I think it will be safer to wait before placing a trade until we see some movement. If you are already holding a position or in a trade, this can be a continuation but also be ready to exit if Price crosses Kijun sen and re-enter if Price goes up again (we never know...). If you can wait it out, probably you are in for more pips ahead :) by Ronnel3
ZARJPY - SHORT TRADEZARJPY on a down trend with a double top on an important resistance + Hanging man rejecting the area. Waiting for the restest of the hanging man to get the best priceby ebruno07912
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.by thunderpips31
ZARJPY price at Support price holding Support and we have really good Daily Closing. here price at support so we can enter this trade with minimum loss ratioLongby akashinvestorUpdated 6
ZAR/JPY - Closing Above SupportPrice dipped below the support but has begun closing back above. I will zoom into the M15 MS and try to find a slightly lower entry to yield a 2+ RR to Daily resistance.Longby ZeusChainlinkUpdated 4
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.by thunderpips27
ZAR/JPY - Pullback For LongLooking for a pullback to H4. Great continuation rounded bottom.Longby ZeusChainlink6