Eurzar!
EURZAR Long PositionExpect the EUR and USD to gain some strength over many developing countries currencies in the near future. We had a positive daily green pip movement corresponding nicely with our MACD! I am however going to be looking closely at the riots occuring this weekend in France as things can get out of hand really fast with the political climate in that country and the impact it might have on the Eurozone in general.
EUR vs ZAR - Long 03/13/18Going to play Long here on the Euro vs South African Rand. Just playing the pullback to fib levels, might get rejected there and fall lower, might make a bottom here and change trend. Showing divergence with the MACD and double bottom, good RR. Find a pull back on the 15min and take profit on targets, stoploss under the low.
Can be played with BTC and massive margin @ bit.ly
EURZAR (CONTINOUS DOWNTREND)I am looking at this pair to continue down
owing to the current weak EUR and strong ZAR fundamentally an tech.
I would love to see this retrace for better entry and small SL.
or keep selling and breaking the support for good entry.
Eur/ZarRejecting the .618 retrace and 100 and 800MA's on daily. Looking for more downside on Ezar to break the trend line, but I am expecting an "X" wave (flat like correction) to occur, may be from here.
Ezar 1 hr reversal patternLooking for an "X wave correction. This is 50% fib level. If not from here, then from the .618. But the point of me posting this is the 1hr candlestick pattern and exact spot in pattern and pitchfork fib level. Might be small, might be big.
EUR/ZAR - Buying OpportunityThere is currently a bullish opportunity with EUR/ZAR.
As long as it does not close under it's current support zone which is at ~1.1612 the bullish move is valid.
Trade safe.
EURZAR: Significant long term downside gap. Short.The pair is trading on a very long term 1M Channel Up (RSI = 57.375, MACD = 0.349, Highs/Lows = 0.2662, B/BP = 1.5626) that has a sizable downside gap to fill in the attempt to price a Higher Low. Our action plan is to short towards 15.08674 and then buy for the next Higher High (pattern continuation) with TP = 18.5000.
EURZAR Long Price has broken away from its current bearish trend line.
We are currently seeing buyers forming a new bullish break higher.
I am expecting price to push through to the 18.10 mark
Eur/Zar-DailyRefer to the monthly chart. I'm looking at a "B" wave. 1-4hr divergent looking like sell. I just wanted to point out that Eur/Zar could do one more up for an ending diagonal, which would take it to the 1.236 extension. If it did that, for risk purposes, I think that would be a better level to look for the swing. It is coming off the 27 percent extension of 1st wave along with equal length right now. It can come down from here, but protect any profits and be careful until we actually get a reversal..
Eur/Zar looks to be in "B" waveThe weekly and daily are both way over extended. It is also way over extended from monthly bollinger bands (see TDI turned into price currently here on monthly). We can get a running flat here, but if it goes down to break the low that could take us to the 13.00 level possibly. At a potential reversal spot now. But keep in mind this is the monthly chart.
EURZAR 4hr bearish bat pattern short opportunityThe USDTRY party was just too crazy.
EURUSD already breaks 1.1500 to let the bears celebrate their victory a lot;
Meanwhile, there are still pairs that EURO is stronger like this EURZAR.
Here we got a bearish bat pattern near 16.08, I'll be willing to wait for reversal sign there.
Still this is a pair with abundant interest, so looking for potential short trade is acceptable although ZAR is also so weak.
Let's see how it goes!
Channel Down on 1D. Early entry call for a short.EURZAR is just coming off a Lower High on the 1D Channel Down (RSI = 49.793, MACD = -0.062, Highs/Lows = 0). The support lines are highlighted with the blue dots and although we price the Lower Low at 15.100, our TP for the current short is 15.2200.
EURZAR Buy IdeaEURZAR Buy Idea @Weekly Demand Zone (14.4514 - 14.7881)
Buy Limit: 14.8119
Stop Loss: 14.3426
Take Profit: 16.0701
EURZAR - break lower Trade what we see:
EURZAR on the higher time frame trading on a bullish trend line (support).
On the 4hr chart, we see a clean break with a lot of sellers entering the market.
We saw an exhaustion phase and the buyers successfully re-tested the same trend line which has now turned into resistance.
This new trade is joining the next wave of sellers entering the market.
Eur/ZarI am positive on a sell on this right now. I previously posted the buy that you would be up. But the way it broke out of the trend line and made that reversal pattern I love to see it is coming down right now. It is possible that this is just a wave retracement and 38% is all we get but it is over extended on daily, so it could also have trapped buys and be driving back down to even break the low possibly or just do a deeper retrace. Regardless, that was a sell setup, that is a reversal pattern. It is in a messy combo pattern and is a choppy pair so You are on your own. And when I look at the Candlestick patterns on EurZar and UsdZar it makes me think we will get that sell on EU off my fork and .786 fib where the cypher pattern will be if I remember correctly.
EURZAR 4hr LONG Price is respecting its channel, although there has been some choppyness.
Large bullish candle off support and looking for a rally higher to resistance
