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USDZAR

Update on USDZARPreviously we were interested in shorting USDZAR. The take profit was hit on the USDZAR Short (2.78%) and now we will wait for another opportunity to present itself. USDZAR is rapidly approaching a supportive trendline, presenting a opportunity to go long at the trendline. However, traders should also be aware that USDZAR is also following along a resistive trendline, meaning that USDZAR could break below the supportive trendline and continue heading down. Once price is at the supportive trendline, we will monitor it and wait for a good opportunity to present itself. We will only open a position if price action gives us a valid entry. Be sure to follow me for more ideas and analyses. Best of luck traders!
by sharaafatm
USDZAR 17.29250 -0.3% SHORT IDEA Good Day Everyone Here's an idea on the USDZAR pair which has been trading in a descending channel and rallied up in an ascending channel within the descending structure looking for a rejection in the descending channel and a break below the ascending channel to trade with the bears on the pair, a break below the ascending channel will signal this short position should the plan be satisfied... _________________________________________________________________________________________________________________________ entry & sl - follow you rules RISK-MANAGEMENT PERIOD - DAY TRADE TARGET - 16.9034 _________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
Looking To Short USDZARUSDZAR is currently trading upwards towards a strong resistive trendline and a resistance zone. Once price reaches the resistive trendline and the resistance zone, bears can look to go short if price action presents a good opportunity. A stop loss would be placed a few pips above the resistance zone, and the ultimate target near the supportive trendline. This would provide a nice risk to reward ratio of 1:3 A more conservative approach to the short is to wait for a break of the counter-trendline (green trendline on the chart), and open a short thereafter. If price fails to reach the resistive trendline, traders can go short upon the break of the counter-trendline, although the risk to reward is poorer. Take your trades based on price action once it gives you a valid entry. Do not enter your trades blindly. Be sure to follow me for more ideas and analyses. Best of luck traders!
Short
by sharaafatm
USDZAR Short Trade Setup! Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move! ⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰 Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
Short
by Profitlio_Trading