USDZAR
USDZAR Buy Trade Setup for Intraday/Swing TradeUSDZAR Buy Trade Setup for Intraday/Swing Trade
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This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
USDZAR NEW ANALYSIS !Hi Traders, here is the full Video Analysis / Breakdown for USDZAR.
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USDZAR ANALYSISUSDZAR is forming Head and Shoulders pattern
Price is based below resistance level at 17.5150
Below SMA 100
RSI is in downtrend
We r waiting price to break next support level and HVN at level 17.3238 to open short trade
It's expected for coming bearish movement to target key level at 16.8155
USDZAR STRONG SELL the reason for my bias?
STRONG BEARISH MOMENTUM CANDLE BREAKING THE SUPPORT
LOWER LOWER LOWER HIGH MADE
THE MOVING AVERAGE CROSS IN 1H
BEARISH DIVERGENCE
CONTINUATION OF DAILY TIME FRAME TREND PLEASE NOTE THIS CAN BE A M FORMATION ON DAILY. IF PRICE CONTINUES TO BREAK 16.93380 AREA ILL BE LOOKING FOR MORE ENTRIES
I WILL ONLY SELL WHEN I SEE PRICE BREAKS SUPPORT ON 1H CURRENTLY IT IS CONSOLIDATING
NEXT TRADE SETUPAfter creating a demand area, we clearly see that the market has come back for a retest on that area, which means we need to start looking for longing opportunities. It is also very important to note that following the COT Data, Big institutions are closing their longs and opening shorts on the ZAR . If on the lower time frame we are going to see a shift from a bearish movement to a bullish movement, then we are going to take the trade with a very good reward to the upside.
USDZAR Sell at 17.59000 SL 17.78500 TP 17.33000USDZAR we all know that it's another most volatility pair in Forex Market. AS we can see, the Dollar is trying to keep its Bullish momentum, but in our perspective, we believe before going further upside, we may see price retracement at this price 17.33000. We are going to short from 17.59000 with a stop loss of 17.78500, and the target zone is 17.33000.
PS: Before jump into this idea please do your own research first.
USDZAR Double Bottom Pattern USDZAR formed a double bottom pattern, but we need to observe whether we are ready to open position or not by checking DXY.
Whenever DXY turns bullish you can open your positions to count your pips!
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