Nothing much on the fundamental side but we have the following: 1. Break of structure x3 2. Big Bullish candles 3. Demand that broke structure 4. Fair value gap 🤝Trading is risky and the setup might fail. Manage trade well.
Here are some trend trading ideas 1H tade idea BUY AUDUSD BUY EURUSD BUY NZDUSD SELL USDCAD BUY AUDNZD BUY AUDJPY BUY CADJPY SELLL EURNZD
The rand has surpassed my expectations recently and reminded me that the USDZAR pair tends to take the stairs up, and the elevator down. The risk-on swing last week allowed the rand to keep the pair below the 200-day MA resistance rate of 18.80 which saw the pair fall back onto the psychological rate of 18.50. The downside break out of the blue wedge thus...
Looks like and incomplete double top structure ahead of NFP. Tricky
Looking at taking long positions given that the the USD index continues with gain and GOLD drops in value. We are trading around the inner 4H/1H DEMAND AREA and we can see x2 Bullish reversal candle patterns from our 1H cahrt the Bullish engulfing pattern and the beraish pin bar. Now we are looking at a rally in price to our LTF supply area. We have to keep me...
Supply 19 Mqp Multiple rejections Brics deal South Africa leaving the US dollar Long term short
There's a huge possibility of the usd/zar instrument reversing for a fall at the 0.786 retracement level, our profit targets can be placed at 0.618 as TP1 and TP2 at 0.236 retracement.
Price is nearing oversold territory according to the MM lines, KC as well as stochastic RSI. We should definitely see a push up soon.
My trading model had the right SL and we can re-enter lower again around 18.8000 below. The RSI is oversold, and we are way below GANN angle levels as well. Sorry to state, and did not have the run down of course, but that is part of life. Other positions are fine, so we have to keep on tracking it. Strategy BUY @ 18.7650-18.8200 and place SL below 18.6150. we...
1. PSTG 1 was hit 2. PSTG 2 next to be hit 3. 100% Retest zone was respected
The USDZAR has bounced up aggressively after the major blue support range held its ground at 18.40. The pair climbed a full rand to 19.40 within two weeks after touching the 3-month low of 18.40. The red resistance range has however managed to come to the rand’s rescue which has allowed the pair to slide back below the downward blue trend line. The blue wedge I...
I had yesterday completely wrong, and it was because I felt GOLD should move lower, and it did not. It will of course move towards $ 2,100 over time, but not as yet as it has been holding its ground. The pair was stationed within the triangle, and the idea of moving higher, for later SELL did not happen. It happens and its a part of trading. Now we have a...
The pair is remaining high and GOLD remains low, and may move lower. even though I feel the pair will go south eventually, for now feel we may see a move higher breaking upwars through the triangle and reach 19.3500 area. Thereafter we sell again. Strategy BUY @ 19.1750-19.2100 and place SL below 19.0750 and take profit @ 19.3400
After hitting the 100% Retest zone, USDZAR returned to the MARKET GLITCH STRUCTURE, providing us with another opportunity to make additional entries. More entries will be opened when the market the c-re-entry levels and more money will be made.
The pair moved little higher on the back of GOLD decline.The stochastic is positive. We are still protected by GANN resistance, and also still outside the ascending wedge, suggesting we may see lower levels later on, is my personal view. Strategy SELL @ 19.1750-19.2150 and place SL above 19.3150 and take profit @ 18.9350.
Weekly: -Last weekly bullish candle could get filled. -Inverse H&S pattern. Daily: -Bullish M pattern. -IC. 4H: -Bullish M pattern. -OB.
The first entries are to be opened at the current price, with the hope that we will get the most out of that movement. We looking forward to the movement giving the most.