Usdzarshort
USDZAR NEXT POSSIBLE MOVEThe ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of tax news, is a Bullish mix and it has to rebounce back . Given we are back to levels pre-Covid19 with a poorer performing economy, higher unemployment and debt levels etc..
USDZAR usdzar just hit what was a resistance level now forming a support level hoping that now it will continue to rise to fib level 0.618
USDZAR 4H PRICE ACTION, STRUCTURE CONTINUATION IDEA.Hey Everyone
Here's an idea on the USD/ZAR which is currently trading below the 50 M.A in a symmetrical triangle.
Targeting a break below since from the monthly and weekly time frames the pair is retesting the 50% Fib on a pull back, looking for continuation of this move with the bears.
A break above of structure changes the trading plan.
I hope the idea assists in anyway on your trades on the pair.
Good luck &' happy trading 🐂🐻👍🏽👍🏽👍🏽
About to Short/SELLJust waiting for a few more days before shorting USDZAR. Probably by Friday, also considering the upcoming NFP, sounds like a good sell to me.
USDZAR NEXT TRADE SETUPUSDZAR short :
All the entries should be applied if all the rules are applied.
USDZARUSDZAR South Africa's first Line of defense trading at a strongest level since march 12... if this could keep up we could see an extasion as far as 15.32
USDZAR 16.87410 + 0.03 % SHORT IDEA * TREND CONTINUATION IDEA Hey everyone
Here's an idea on the DOLLAR / ZAR The pair has been in a down trend looking for continuation of this moves in the coming week unless the markets starts indicating otherwise but till then on the 4H chart the pair is currently trading in a symmetrical triangle/pennant which could possibly indicating continuation with the bears lets see how it goes...
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDZAR Upcoming ShortAnother Wyckoff breakdown. Trying to get in the groove with my new found way of breaking down consolidations. Love when it creates confluence with my other theories.
Yellen,
One Move One Kill
USDZAR NEXT TRADE SETUPAll the entries should be taken if all the rules of entries are applied .
Follow it for learning.
Do comment us we will guide you
USDZAR 17.13930 - 0.69 % SHORT IDEA * TREND CONTINUATIONGood Day Everyone
A look at the DOLLAR / ZAR that has been trading in a descending channel hitting LH, LL looking for a continuation of the trend with the bears on the pair in the coming week looking for a break below support level 17.07766 trading below this level will trigger the trade and we'll be short on the pair.
we'll see how it goes...
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 16.95705
TP 2 - 16.71227
SL - 17.34574
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDZAR, Long Term SellAs price is trickling down and forming an expanding channel, I am looking for a long term sell after price pushes back up for a third touch to complete the the pattern.
USDZAR More upside to follow! Buy!DISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
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 SHORTPossibility for a short term short on USDZAR. This pair is a high-risk pair as respects fundamentals more than TA. However, like his analysis, there are opportunities.
USDZAR SHORT.. I may be wrong. my first time with this pairIm expecting usdzar to drop based off daily imeframe. price may come up a bit to retest but i believe it will fall to bottom bollinger band
Look for Short entry on USDZARLook for an rejection or engulfing candle in the area of our entry or place a Sell limit.
USDZAR NEXT TRADE SETUP ForcastUSDZAR broke major down trendline on H4 time frame and create a "W" pattern in H4 and D1 time frame.
Price broke key level at level 16.7000 with strong bullish movement and now at point 17.3150
and it has to restest its near resistance at point 17.18000 and if it break that next support than its next target and adopot the point area 16.5000 thats belong to the Monthly Resistance .
According to fundamently Usd is going to be weak more Todays DXy and stocks are bearish and GOld is rising to peak.
if its break the W pattern and adopt the secondary supply zone so its going to Supply zone .
It's expected for the continuation of bearish movement to first target resistance level at 16.0000
then finally target supply zone at level 19.0000
All the Entries should be taken only if all the rules of entries are applied.
