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Eurzarlong

EURZAR LONG on the structure area retestingHi Traders, This is my view on this cross for the next few days. #EURZAR BUY 18.067 SL 17.837 TP 18.5 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Trading Kitchen
Long
by kitchen_trading
EURZAR let's try this LONG again!Another exotic market in my Monday watchlist. The pair broke the descending trendline a couple sessions back (seen in next chart) but bears took control when the 4H 50MA was touched (seen in next chart) and made me hit my SL :( Friday was an interesting session. The price printed another hammer candle finishing the session right at the resistance area. That also meant it was a triple bottom, third time it rejected the same price!! RSI stopped falling as fast as price was falling since 4th of July and in the triple bottom period it gained strength. This are all bullish signals but lets look at 4H chart : We have highlighted all the areas we talked about before. Descending trendline (green) broken and price rejection at 50MA (yellow highlighted area) . Triple bottom ( green circles) and RSI divergence (red arrow) . We can also see how the price was falling in the past but RSI remain stable (blue lines in price chart and RSI chart) What does that mean? Well it means that the price could potentially rise to the next resistance area at 15.88. In order for this to happen it needs to break the 50MA cleanly. If that does not happen the pair could continue its downtrend and keep falling. I think buying at the actual price with a SL below the triple bottom could yield very good rewards with little risk. Let me know your thoughts!
Long
by MicKi
EURZAR long setupEURZAR has printed a long tail (hammer) candlestick at an area of strong support where we have seen the pair rebound in the past. Furthermore the pair broke the support and recovered in a very strong way. The market is also oversold and approaching the descending trendline dating from the beginning of June. I believe a rebound to the 15.886 area is on the cards. For that we want to see the pair break the trendline and hold above support. We can see it more clearly on the 4H chart The kind of price action I am expecting is a break of trendline and then a pullback back to support when it encounters resistance from the 50MA to gain strength again. We also see how the price has been falling but RSI has remained estable. This divergence is also another sign that the pair might recover very soon Do you have other ideas? Let me know in the comments!!
Long
by MicKi