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USD/ZAR Possble Bullish Break - Descending WedgeFor demonstration and education purposes. As we study descending wedge formations in market structure, you may do so by Google search of "Descending Wedge Forex" we see this trade idea could be a possibility. Depending on how the daily candle closes, we may also have the makings of a bullish tweezer bottom (Google search that as well). Watch for bullish breakout from triangle, possible retest and continuation up. This could give us a minimum 400 pip bull run, and possibly the formation of a right shoulder is beginning. Use your confluences, study and trade at your own risk. Always use proper risk management.
Long
by mrsceleste
USD/ZAR Possible Short Sell Set Up - 100 pipsThis idea is for demonstration and study purposes only and does not constitute a signal to sell. On higher timeframe we had wick rejection at key level in the market. Price had bearish run today, short -term, and appears to be re-testing trendline for continuation/drop to the next key level. This study is for zone to zone with no attempt to guage movement of the market long term. Price action will tell us along the way. Always study your confluences before entering and use proper risk management. If you enter this trade, you do so at your own risk. Please feel free to like, follow this idea, and offer comments. Link to Facebook and Instagram is also below. Feel free to follow.
Short
by mrsceleste
1
USD/ZAR possible short sell opportunity for today - STUDYStudy this with me! This is not a signal but a study. Price stalling at key level in the market. Ascending channel. Possible offer of a short sell opportunity for today. Price could hit any of these three levels as noted. You must study price action as this plays out. Study and use your confluences. What are confluences? They are multiple confirmations you use before you enter a trade. Join my team to learn this skill. You should always study your charts and if you enter, enter at key levels with tight stop losses, especially for this pair. Trade at your own risk.
Short
by mrsceleste
As predicted, things are getting worse in South AfricaThe price is still not trending, and now it is still early to say if it will trend up or down. Looking a little like complacency but maybe not. Man if the price falls to support just before the NAZI come to power or just a few months/years after this will be the trade of a lifetime. Be able to sell the ZAR at a high price just before it goes to zero? Owww yeah! Bantus from congo take over 2/3 of Africa. They migrate and invade everything. And breed like rabbits. And then they get super racist and hostile to anyone entering "their country". This has to be a joke smh. Aren't they now entering europe? Oh well. www.zerohedge.com Adolf Hitler is still third far behind the first 2 candidates, but he went from 6% to 10%. Who knows how much he will get next elections. Ha just wait for the great depression! South Africa is the biggest wellfare state in the world. 1 taxpayer supports 3 people. So in my opinion it won't be like Germany where germans survived after kicking the jews out. Well not kicking them out but camping them. Will be more like Zimbabwe. Whites get blamed from owning everything, migrants for taking the jobs. Once whites get kicked out there won't be any skilled farmers left, and no taxpayers to throw wellfare money. So it will be a complete collapse. I doubt there would be murders or exterminations. Well maybe a couple of murders as tensions keep rising but nothing large scale is what I mean. What they don't teach you at school is germany tried deporting jews for nearly 10 years with NO ONE on the planet wanting to take them in, so they ended up with a final solution. Might explain why europe is letting so many refugees in (and germany recently found out some of those went back to their "terror country" on vacations xd). People are so ignorant it's insane. Letting all these refugees in, guess what? Ever heard of the story of the kid crying out wolf? The public is going to grow tired of refugees getting free stuff and mass invading their country and when some refugees really need a place to go, like jews in 1930s, then people won't let them in "not again!". "Nice people" doing more harm than good but too stupid and blind to figure it out. I wonder where SA whites would go thought? Countries around are depressing. USA will never let whites in their country. Europe maybe but not sure. They'll probably end up in a desolate country and good luck. Also doesn't have to go as far as kicking 1 in 10 of the population out. And if there is war they might win minority or not... They did colonialise the country as a minority, and there has been battles where 500 Dutch beat 80000 africans (big lol), and similar things. Well, way too early to take position anyway, and this is coming from someone that always enters early and almost always get stopped at the very top or very bottom (I'm so tired of this), so you know it's too early if I say it is :D Maybe they end up so desperate they buy Bitcoin like ZWE did when inflation got too awful xd Let's see how the situation develops and how much worse it gets. Actually we could look at how it was in the 1920s and how much worse it got and compare to now... I'll do this another time. Hey I wonder what the delusional denial people are saying now? "Nah it's all fine" "SA is going very well nothing to worry about" "Oh he set him on fire? Ah they're just messing around it must be a prank". These people must be the NPCs in skyrim "ah it's probably the wind, or snakes" Cringe. Edit: I forgot. How easy is it to create an indice? We need an SA tourism indice to short (or maybe there is already one idk about). The collapse will be biblical.
by MrRenev
5
ZARJPY bottoming patternLike what I see here on ZARJPY. On the daily chart, we can see we hit a major support zone. On the 4 hour, we have been in a downtrend with lower highs and lower lows. However, the downtrend seems to be exhausting. We are seeing a double bottom here and even possibly a head and shoulders if we reject the neckline depicted and make a higher low. I would await for a nice break and close above the 7.075 zone. USDZAR is quite interesting as well. Perhaps some Rand strength in the short term.
Long
by Uncharted-FX
ZAR USD Long ideaThis is my idea the direction ZAR/USD is going to take . Due the economical situation is ZAR and spring compeing up the economy is going to start up again from the septembar . Recovering ZAR up 10 % while it is going to hit the resistance of the market , unless we see some surprising events from the White house. I am still new to this so my apologize if something is missing . I am opened for all suggestions and recommendations how to improve myself . Thanks you for understanding ...
Long
by MarekT74