Fundamentally Bearish ZAR, Bullish USD (see realted idea https://www.tradingview.com/chart/USDZAR/yRkDowfD-USDZAR-Which-Way/)
However, we have a rencent lower low and what looks to be a USD bearish 5th wave.
Therefore, its a 13.81 sell for
- TP1 13.40
- TP2 13.25
- TP3 13.00
3x reversal above 14.10 ...
Buy Sterling with a Take Profit target in the Brexit ICT Liquidity Zone
- Buy 1.3260 and TP 1.3600 (Reward:Risk of 2.38:1)
- Buy 1.3255 and TP 1.3600 (Reward:Risk of 3.2:1)
Intermediate targets would be 1.3345 and 1.3410
Look to phase in a 3x reversal below 1.3115
1. Elliott wave setup as ...
- 14.00 is a significant technical level
- post Brexit, Emerging Markets are relatively more attractive destinations opening the way for $/ZAR weakness into 13.00, 12.50 and 12.30
With this is mind;
Buy 14.20 and 14.05
TP1 - 15.40
TP2 - 15.75
In reversal look to enter 2x short below 13.70. Targets 13.00 and ...
Overall bias is for a move higher.
Lack of stops above 1.1150 means a likely dip to 1.1100 stop losses before moving higher.
Heavy bidding interest at 1.1100 and very heavy interest at 1.1000
Purple - Limit Orders
Red - Stop Loss Orders
Dark yellow - Stop Loss Orders (secondary source - less ...
I don't trade BTC so this is 10 mins of analysis for laughs.
Number of ways to play this;
1. Buy for the 5th wave target of $550 (4:1 reward risk)
2. Buy for the 3rd wave $510 target (2.9:1 reward risk) then short it for the 4th wave into $470 - $450 (2.8:1 reward risk) and then buy the completion of the 4th ...
USDZAR Daily Chart with buy order blocks marked in yellow. Original analysis; 8am Monday 16 May as preparation for a CNBC Africa appearance.
5th wave targets 18.75 (20.09 in extension). Requires break of 16.97. Until then expect the 14.00-17.00 range to play.
Price is extented at current levels (15.60) and ...
Disappointed that I to only see this so late in the game.
EURUSD positioning still short giving a bullish bias to EURUSD, esp if EURGBP continues to rally. At the same time price is in the 1.1460-1.1220 fib zone for sell trade so there are two ways to play this.
Buy 1.1290 for a move into TP 1.1410 for ...
GBPUSD continues bullish however we have what looks like completion of a 3rd wave.
Trying something different so my stops are wider than usual.
Sell 1.4585 TP 1.4455 (1.28 Reward:Risk)
Sell 1.4575 TP 1.4390 (0.98 Risk)
4th wave will likely target anywhere from 1.4350 to 1.4480
Oscillators - we have divergence ...
Gold has seen consolidation between $1200 and $1285. $1212 is the 76% retracement of the range.
Looking to buy $1230 for $1260 (4.9:1 reward:risk)
Interestingly, RSI and Stochastic RSI indicators are oversold in 3 timeframes (H1, H2 and H4)
In reversal, 3x sell for break even and profits into $1213.