EURZAR Head and Shoulders, possible 2R tradeEURZAR Head and Shoulders, possible 2R trade. Weekly uptrend. Wait for break and retest of the marked-up consolidation area, which is right shoulder
ZAREUR trade ideas
EurZar Bearish ForecastThis is our look for the EurZar, it is bearish and is expected to make a possible bounce on tp area before reaching our target zone.
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Right shoulder correctionLooking forward for a reversal price action pattern that's forming at a strong support level.
Price seen making a first swing high then swing low and finally making a swing high.
So a total reversal expectation is due to be seen as price breaks upside the inverted H&S pattern after correcting the right shoulder
EURZAR Long IdeaStarting off from the daily:
It appears we have completed an ABC-wave type correction and are starting a new wave higher. The correction completed at a previous swinglow.
Zooming in on the 4hr I see a resistance level that is rejected a couple of times indicating price struggled to get past it. But it finally managed to close above it. My plan from here is to buy into any weakness followed by bullish price action indicating price wants to move higher.
EURZAR Short Trend Is Your Friend
1. One touch, Two Touch and Three Touches
complete a trend.
2. EMA acting as dynamic resistance
3. Market has entered an area of sensitivity
@ 19.8000 also know as a psychological level
where institutions place orders and take profit
4. Waiting for 3 two hour candles to show signs
of rejection to place sell order
5. Sell @ 19.70000 and SL @ 20.10000
TP @ 18.80000
EURZAR Finally joining shortsTook TP on EURZAR. And now it seems like we are ready to continue down even more.
We have now had a successful BCR of the Ascending level. Waiting for continuation to execute trade.
Roadblock on the way down is the 200EMA on the Daily. Will see how it reacts. Might be opportunity to scale in.
Disclaimer: I am still testing my strategies. Not all trades Ideas I post will result in live trades. They might be tested on demos accounts.
Please share your Ideas with me and I am always open to positive criticism.
Remember to use risk according to your appetite.
Thanks for Checking out this Idea.
EURZAR: Impending Bullish move?EURZAR is somewhat showing the same price action as USDZAR. Check out my analysis of USDZAR:
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.
EURZAR Long Dont be fooled with the gain on the FTSE\JSE top 40 2.67% gains came from the mining, coal, financial and industrial sector. but despite the small recovery south africa is a struggling powerhouse, that dose not utilize funds to develop the country. this is a long standing problem created by the government, which needs to change in the upcoming year, or south Africans we see the new Zimbabwe in the mist of the depreciating RAND. all regarding long term investment going against the ZAR.
not good to hold huge amounts of capital in south Africa, unless the investor is using a private hedge fund to made the money grow on different platforms from the traders.
EUR/ZARWe saw a double top and there was a bearish engulfing pattern, so we had to wait for another candlestick to close below.
Possible 5 Month Continuation #HeadandShoulder FormationWorking on possible right shoulder. Interesting chart to watch how it unfolds in the next few days. A flag breakout could set the stage to test pattern neckline with a possible breakout thereafter.
Watch 5 Monthly Horizontal Support Resistance Lines EURZARWatch Monthly Horizontal Support Resistance Lines For EURZAR Currency
EURZAR 19.95345 - 0.04 % SHORT IDEA * CONTINUATION PATTENS Hey everyone
Here's an idea on the EURO / ZAR pair that has been rallying with the bears and was rejected at support level 19.77624 and pushing up trading in a ascending triangle looking for a continuation of this move with the bears in the coming week.
looking for a break of support level 19.77634 to trigger the trade if there are significant moves with the bulls the trading plan will change completely.
let's see how it goes.
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ORDERS
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
