Usdzarshort
USD/ZAR Short OpportunityThis is Not a signal to sell! As always I encourage you to Watch price action FIRST to see IF price breaks this key level in the market that is noted. Please see the attached idea which explains price action of this pair. Bullish momentum could be exhausting, given most recent price action.
Two things of note:
1. Price respect of trend line as noted. Note previous three touches.
2. Looking for possible drop to key area as noted, which happens to be 61.8% key fib level in the market.
If idea plays out this could give us a 500 pip move
Trade at your own risk. This is not a signal but simply and idea based upon price action if continues downward. Watch price action for break. To be more conservative, watch for retest and then a continuation to the downside. Always wait for confirmation before entering a position.
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PULL YOUR PANTS DOWNWe can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt.
In this game if you rush into trades you might as well just burn your money ( or give it to me as burning really is wasting it ) my bank details can be provided on request ;p
Just remember not to chase trades and instead let them chase you... a little bit like playing kiss chase as a kid, you didn't want to chase the ugly kids ( bad trades ) but if the good lucking kid ( good trade setup ) came after you then you would suddenly forget how to run and take the kiss ( pips/ money ) like a trooper haha.
I know I have an unorthodox way of explaining trades and setups, but I'm just trying to make things more fun, so I hope you like them :)
If you like my style then drop a comment in the comment section and let me know.
PULL YOUR PANTS DOWNWe can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt.
In this game if you rush into trades you might as well just burn your money ( or give it to me as burning really is wasting it ) my bank details can be provided on request ;p
Just remember not to chase trades and instead let them chase you... a little bit like playing kiss chase as a kid, you didn't want to chase the ugly kids ( bad trades ) but if the good lucking kid ( good trade setup ) came after you then you would suddenly forget how to run and take the kiss ( pips/ money ) like a trooper haha.
I know I have an unorthodox way of explaining trades and setups, but I'm just trying to make things more fun, so I hope you like them :)
If you like my style then drop a comment in the comment section and let me know.
USDZAR Short IdeaThis is a short term trade idea for educational and demonstration purposes. Price is not obligated to reach these areas. Always use proper risk management. Trade at your own risk.
We have two possible take profit zones.
TP Zone 1 : Approximately 225 pips
TP Zone 2 : Approximately additional 200 pips
TP Zones may or may not be reached. This is simply an idea. Please continue to study price action.
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Happy Trading!
USD/ZAR Could the Rand Recover Soon? WARNING: READ ALL CONTENTSPlease let me preface..this post is for educational purposes. It does not constitute a signal. It is a study. If you enter this trade you do so at your own risk. This pair is extremely volatile. Please read this post in entirety
DO NOT place a short on this pair until you see confirmation that this idea is coming to fruition. Right now we are far off and I am looking at this from a very high level.
From a High Level Fundamentals Standpoint
The rand is still under significant pressure and has reached a weekly low that has not been seen since October 2018 . .Economic data released are not helping the rand to gain strength. However, at any time, positive changes can be made whereby investors could gain more confidence in the state of the economy and the rand can strengthen.
From a Technicals Standpoint
Important things to note:
- This pair has touched highs on all levels (monthly, weekly daily). However, this does not mean that this pair will not trade higher. I have noted a current key area of resistance. I say current for the main reason: market dynamics. The market is dynamic and changes on a daily basis. As we study price action and as the market moves the market has the ability to reach new levels of resistance and support (as we have seen over this past week). So with that being said, what is a current zone of resistance can change somewhat from day to day even.
- I have used several confluences to mark a relatively important key area of support. Will the market move to this point over the next days or weeks, it is not promised. But I will note that this area is a key area.
- We see market structure, and it's currently being contained in what appears to be the makings of an ascending wedge. HOWEVER , at any time, price action could breach this structure to the upside (refer back to point #1) ..I hope you can see the cycle and level of uncertainty involved.
What I do encourage us all to do:
1. Study price action. Price action will give us an idea as to the sentiment of the market
2. Study the market for key levels, which I mentioned can change.
3. Study candlestick analysis so that you can recognize significant changes as they are occurring in the market.
4. Study the market for confluences.
5. Keep fundamentals in mind. The fundamentals give us an idea of the overall economic conditions which impact our trading decisions.
6. Although we keep fundamentals in mind, nothing trumps market structure . I always say, know the fundamentals, but know even better the technicals.
7. IMPORTANTLY FOR THIS PAIR : enter trades at key levels in the market. This way you have the most favorable risk to reward set up. We know this pair is volatile and the pullbacks alone can have you rethinking your trading decisions.
8. VERY IMPORTANT ALSO Always always always, protect your capital. Use stop losses and manage your risk. Do not over leverage no matter how good a trade idea looks. Building your account slowly is the best way to stay in the market for tomorrow and the days to come.
Thanks for reading; please like/comment and also please follow me on Instagram and Facebook (links below). Please also check out my previous analysis on some of my favorite exotic pairs. Exotic pairs are my favorite!
PLEASE FLAG THIS POST IN THE BOTTOM RIGHT HAND CORNER TO GET UPDATES ON MY COMMENTS ALONG THE WAY. YOU MUST FOLLOW NOT ONLY ME BUT THIS IDEA FOR NOTIFICATIONS.
USD/ZAR: Swing-Setup! Nice opportunity to SELL#InstructionsHey tradomaniacs,
welcome to another free signal!
Important: Wait for the Breakout below Neckline and place a Sell-Limit!
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Type: Swingtrade
Sell-Limit: 14,55827
Stop-Loss: 14,69146
Target 1: 14.36888
Target 2: 14.300
Target 3: 14.15593
Point of Risk-Reduction: 14.42020
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
South African Rand sets to gain value for the remainder of 2019.Technically the USDZAR pair shows potential gain in value for the South African rand, the chart can be see on the this link: www.tradingview.com
Fundamantally, the South African presidency under Cyril Ramaphosa is commitment to achieving inclusive growth to boost the economy through bringing of international investors.
USD/ZAR: Daytrade-Opportunity!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement and wait for rejections at Neckline! Remember that we get important news today and the market is still nervous due to tarrif-increase by trump!
Quick risk-reduction required!
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Type: Daytrade
Sell-Limit: 14.27482
Stop-Loss: 14.333760
Target 1: 14.18875
Target 2: 14.14759
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
SHORT SHORT SHORT We are going short on this trade ( if you hadn't gathered that by the title ) after a bounce of a well respected resistance level in the weekly, daily and 4H timeframes.
NFP is today so whatever you trade the trade carefully and reduce risks by moving SL into profit where possible.
Catch a Possible Short Run - USD/ZARAll kinds of heads and shoulders .Check out the head and shoulders we just completed (link below) that gave us close to 700 pips. This is another possible inverse head and shoulders on a shorter time frame, a short bear run for a couple of hundred of pips. If this occurs looking at retrace to 50% or 61.8% fib level. Price is also contained in an ascending channel. Please note this is for kicks only and is not my usual swing trade idea. I like the longer swing trades. In this case I'm looking at price action and the retracement; this is a possibility. We would still need to monitor price action around key levels in the market and candlestick analysis on the higher time frames. This is not a signal.