There is a potential trend reversal on the 4 hour timeframe. Stoploss: 23.053 Take profit: 23.55
These are the keylevels on daily for GBP-ZAR, there is still in a bearish trend , and if you want a confirmation, just move on weekly.
Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.
Massive Falling Wedge has formed on the weekly... We are near a breakout level, which we can only hope it doesn't breach. If it breaks above R20.35, then the next target will be R25.00. This most likely will only hit in around 2024 though so let's not be too worried just yet. Long term analysis
GBPZAR mine own perspective so what's your consideration on the price movement please comment in the below section ? I believe that. So what is your expectations in comment below. So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan Learn forex then thought to does earn Stay With me Stay With trading
A simple Elliott Chart suggests a GBPZAR exchange rate of somewhere around R15 to the Pound in the coming months. I would suggest this would be a case of Pound weakness rather than Rand strength. Lets wait and see
This has just retraced to offer another buying opportunity before this continues to recover back to the all time highs and beyond. For the best entry use 4HR timeframe with MACD and 10/20 EMA and look for signs that the retrace is complete.
This has nicely bounced off the support level I previously reported on. Now looking for this to rise past the most recent highs on its way back to 23 levels. Good entry points will be any retrace from its current position or if it breaks the most recent highs on the 11th and 12th Jan then can enter a trade on the retrace to test that as a support.
Hey traders, here is the analysis for the GBPNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Hello everyone An idea on the POUND / ZAR pair that has been trading in a descending channel hitting LH & LL heading down with the bears looking for a continuation of this move with the trend, the pair is currently trading at 38.2 % Fibonacci. TARGETING 61.8 % Fibonacci in the coming week. let's see how it goes HAPPY TRADING...
I love keeping it simple Sell limit@21.509301 and my target is set@20.68164
Pair: FX:GBPNZD Bias: Long then big ol'short Looking at the daily we can see we are at a strong support zone here, could see a potential bounce before a LARGE push down to previous low.
Price has reached and tested downward trend line and has slowed down in momentum reaching it, on H1 time a smaller trend line has been respected. Waiting for a break to enter! Let me know what you think!
Dont like trading Zar but this looks too good of an opp to miss