Hi All ,
I'm going to wait for a pullback and buy . If you use 5mins chart you can get a perfect entry .
current trend (Bullish ) Trending Market.
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USDZAR is approaching our first resistance at 6.88562 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 6.79766 (horizontal overlap support, 23.6% fibonacci retracement).
Stochasticc (55,5,3) is also approaching resistance where we ...
With the break of the current resistance, USDZAR is set for 15.50 and a possible 17 later this year! The light blue structure indicates a possible formation which will delay the rally but will still be of bullish nature and have the same end result.
This one made a big rally the past weeks, even getting above that green zone on the left without hesitation. Now it has some resistance from that channel, but because the move up was so strong, it is becoming more likely that it will break sooner or later. Normally we should see it make a healthy correction first the coming week or so. On the right we can see a...
You can see we have a well respected trend line and a strong resistance level, currently price is nearly at these so we can only see price movement to the downside.
Again look how clean and and clear we keep our charts... remember simplicity is key... F#ck all the so called GURUS telling you that you have to use 200 indicators and follow there holy grail strategy...
The pair has formed an Inverse Head and Shoulders on 1D with the neutral ADX - 34.570, Williams = -52.239, CCI = -21.3641, Highs/Lows = 0.0000 indicating the sideways bias for the next 5 sessions during the creation of the right shoulder. 4H (RSI = 46.340) also calls for sideways trading within the 13.77 - 13.98 neckline, so we are taking a long with TP =...
This pair is on a recurring bearish pattern sequence on the long term 1W chart. This mix includes a parabolic rise, which when it reaches a top, it develops a Channel Down on 1D (RSI = 37.566, Highs/Lows = -0.3871, BBP = -0.4893). This Channel Down is currently targeting 13.27600 and 12.800 in extension.
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USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.600 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching our resistance and we...
Sometimes i just get really scared of myself :) Anyway, so far going almost perfect. The entries are already in since the bounce up was so strong this time. I have added a third entry for this game plan, that is if we see a daily close above that red zone, i will add even more to this position if we see something like a bull flag happening.
If this plan works...
There is possible bullish wedge here. It's not the best one but there are many good characteristics of a wedge. I am going to play it safe and will wait a bit more before i will get in. I want to see it go towards the support line one more time and see it get find some support there. Then i will get in with half a position and make the position complete after the...
USDZAR is approaching our first support at 13.60 (100% Fibonacci extension, 50%, 78.6% Fibonacci retracement, Horizontal pullback support, Descending channel support) where a strong bounce might occur above this level pushing price up to our major resistance at 13.97 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal overlap resistance)....
USDZAR is approaching our first resistance at 6.8172 (horizontal pullback resistance, 50%, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.6009 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we...
