USDZAR Short ideaPair is showing change in direction with the reversal structure its making.
Bigger picture structure ascending wedge with abcde correction, price at (e) preparing to start trending.
smaller m15-m30 stucture @ (e) correction is a triple top, price recenty broke neckline of triple top in m30 and is currently coming for retest, more downside movement on the way
Usdzarshort
USDZAR Short ideaThis pair has made 4h & 1H reversal pattern. A bigger picture ascending channel with abcde correction & a smaller reversal pattern, (within the bigger pattern )1H Ascending broadening wedge/ or you could say its also a ascending channel.
Price recently rallied down and broke the smaller 1H stucture (ascending channel/ ascending broadening wedge), price made a retest and now may continue going further down after retest.
First sell is exactly up there @ retest of smaller stucture.
/or Second sell @ break retest of bigger picture structure descending channel
1st Takeproft @ 15.56496
Will Punlish other sellers from there as they come.
USD/ZAR - Could a DROP be In Sight Short Term? This study is for demonstration and educational purposes. We see the possibility that bulls are losing momentum as price reaches the current key zone as noted. Additionally we see formation of possible ascending wedge, which techincals tell us that we could be in for a droop. Price action at current key zone as noted is key. Will price reject attempts to rally past this level? This idea is not for short term as there is a lot of price action that occurs between zones. It could take a while to play out, as price action may consolidate between top two zones before the possibility of dropping further. A very key fundamental is at hand, which is Moody's Credit Rating which is scheduled to be released on March 27, 2020.. If the rand is declared to be junk status all bets are off for shorts and I would expect to see prices surge even possibly to $16 and above.
My USD/ZAR study group studies this pair in depth, with analysis based on current price action. Visit www.celestefrederick.com to join for $19 a month.
Happy Studying! Follow me on social media below and also look for mentoring opportunities on my website below.
USDZAR H1 bullish channel.H1 and H4 showing a bullish channel with a possible channel break and retest. Retest may or may not present itself as a head and shoulder pattern or sideways movement followed by subtle stop hunt high and drop. D1 order blocks insinuate that we have trapped volume in the buy and so the bullish trend on lower time frames may be seeing an imminent end!
USDZAR W5 JAN 2020Have been shorting this since last year and it’s still a bear. 14.54988 represents a critical support and resistance zone. price bounced and rejected off this level multiple times. At H4, price broke the ascending trendline and has pulled back, CMP currently at 61.8% fib level.
If price breaks above 15.00000. setup will no longer be valid
USD/ZAR Short Opportunity and NEW $19 USDZAR SUBSCRIPTION ZONEPlease refer to the idea linked below for study as it relates to this idea.
This idea is for demonstration and educational purposes and does not constitute a signal to sell. We see strong wick rejection at a key level and also the 200 MA serving as possible dynamic resistance. We do know that for the past three weeks we have seen bullish momentum building. We do see that we have wick exhaustion building for at least a short term drop . This sell opportunity may hence not be very long. We must study price action at key levels as noted to see how we should respond.
NEW NEW NEW
MY USD/ZAR SUBSCRIPTION ZONE FOR JUST $19 per month. Can cancel at any time.
Get instant analysis and chats with me on USDZAR and gain insights to have early opportunity for higher reward set ups. You will also have study information to help you to know which zones to watch for your entries. My chats have fundamental and technical analysis and also key zone and key level analysis, To learn more and subscribe visit www.celestefrederick.com
USDZAR SELL SETUPWe got a really good confirmation on this one, we got a descending trend line, converging with a broken ascending line, a .61 FIB level, a retest of the old broken support zone and two good candles rejects at those points. To get a good and secure entry point i would like to see a close below of that 4H timefram line and support (14.4300)
To see the full analysis, educational content and quality signals service contact us on
Telegram: @FedericoGallo - @Mr.Flawlezz
Instagram: @Forex_society
SELL USDZAR (Wait for Retest)USDZAR is still on a downtrend and after the price was pushed up to R14.5 and rejected from the zone.
Sell is looking good even if you pull out your fib.
Technically USDZAR is a good sell and put in mind that South Africa economy is in a real mess in recent time and the US market opens on Tuesday,
All things good, i see USDZAR selling to R13.9
Trade with caution!
USDZAR SELL COMING??????The chart patterns forming are clear as shown in the chart but I am mostly interested in the COT report, banks are holding longs on the ZAR yet we have been seeing a bullish move in the last week or so, a DROP IS CLOSE WE CAN GET A DOUBLE TOP along the trend line, SO BE ON THE LOOK OUT
USD/ZAR Bearish Flag and SHORT TERM Short IdeaThis idea is for demonstration and educational purposes and does not constitute a signal to buy or sell. One must study price action to confirm direction of price at each key zone in the market. This idea has been labeled as a short term short idea as part of a bearish continuation after a flag formation. After an extended time of bearish momentum last week, we see what appears to be a bearish flag forming. When the market opens this week we should watch price action for movement to the noted key zone. We can also watch price to flag and pull back to 50% of the impulsive move down. After bearish flag formation, watch price action for continuation downward and possible descending wedge formation. Trade at your own risk and always use proper risk management.
I offer one-on-one mentoring on how to study price action and key levels on this pair. For more information visit www.celestefrederick.com