Cup and handle formed, we waiting for the buy entry
Possible long entry on H1 of USDZAR. Currently approaching long term Demand zone. Buy at D, place SL below X if you take entry. Place TP at point C
In this examination I see USD (US Dollar) pulling ZAR (S.A. Rand) up until the 13.6 stamp which is furthermore an indispensable pointy because I am expecting a break after a retracement for a few pips then we'll see whether it breaks or not. I really think it is well while in transit to break since it has been an outrageous get in South Africa to the degree TAX...
USDZAR goes bullish towards the median line between the previous resistance and support (around the 13.00000 region) . Scenario 1: The momentum is enough to carry the US DOLLAR upwards to the next Fibonacci line around the 13.45000 region, 7000+ pips upwards. Scenario 2: The DOLLAR does not have sufficient strength to break through the median line and...
Profit Target: 11.919 Stop Loss: 11.6 Have a nice day Berk
USD under-valued and momentum in both the weekly and 4HR charts shifting from oversold territory. Short term targets at 12 with stops at 11.64
Weekly uptrend still intact (USD long position squaring ahead of big political/credit events). Corrective phase should last until 13.70 area (support trendline). Target ard the year's high - 14.50 ANC prez candidate nomination + nov 24th rating review could provide needed catalyst. Buy @ 13.72 Take profit @ 14.52 Stop Loss @ 13.58
Interesting setup on USDZAR - Ratings decision on Friday Evening. For reference on setup - read this article . Inflection points identified in yellow shades, interesting volume profile on both the 30min and 1D. Thin volume at current price level, could help the velocity of the bounce! With thanksgiving in the US, we might see a turkey-shoot!! Anyway Juicy Setup@!
Price is approaching a significant demand level which was previous supply level Demand levels drawn are validated by volume
I put a trade on last week for one mini lot in USD denomination. Price action is doing well on the 4 hour chart. Testing my patience, but that's where the money is made. The original position was entered when price made a higher high and tested the previous high with a higher low after the reversal price action confirmation (I missed the first entry of the first...
Usd Zar try to rise his price helped by stronger USD But i think that it will not have the necessary power to breakout the dynamic trendline at top then it will go down again So my vision is Long now until dynamic trendline has reached the short For a full list of market pressure see my twitter profile
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