Usdzartrade
USDZAR SHORT IDEA Looking at the bigger picture, we had a fail at the second touch to push the price higher. Price is starting to squeeze at the top and we had a fail swing that has formed. Looking at a possible correction towards the downside (Aggressive)
Sell around 15.3665
Trail around 15.49250 and so on
USDZAR At CRITICAL LEVEL (What I Will Do)USDZAR is at a critical level where the price tends to reverse on 3 occasions, will price break it or reverse?
USD seems to be gaining strength this week. i will wait and see if the price can break the zone and continue on a bullish move, I will wait for the retest to confirm my entry.
And if it pulls back, i will still wait for a retest to confirm my entry.
All in all, personally i don't trade Mondays only if the market provides a strong opportunity that is when i consider trading Mondays.
Its a new week don't get caught up in the erratic movement.
PULLBACK OR REVERSER?As i said yesterday, USDZAR will still pullback to give another sell entry.
And can also reverse to break the trendline and continue on a bullish move. It's unlikely that will happen though.
But either way be ready to react to it.
I'm waiting for the pullback and to continue the bearish move.
Look out for structure.
USDZAR Still SHORT but Watch Out Trendchange LONG to comeHello to all watching my charts.
Here in USDZAR we have a nice chance
to get a look at a trend change to long.
The pair is still SHORT
(in my blue longtime shortchannel)
but has been made a nice Long try in the
shortterm green channel as well and now:
Watch out
1. the red marked line and
2. the blue resistance line in the range 14.68
Both lines have to be skipped and than
we have a nice Long.
Please check that and have an eye on it.
If you want to know more about my trading style
send my a mail.
Good trades
Renkotrade
Bullish trend breaking downSelling at market price 15.17789 with
# SL above bearish engulfing @ 15.24392 and
# TP lower down at the bottom of the structure @ 14.81479
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Happy trading :)
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.
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.
USDZAR Trade Idea# Ascending triangle pattern spotted
# Breakout of resistance and retest as support
Buying at market price 14.15580
# Stop loss below support at 14.04748
# Take profit higher up below resistance at 14.50171
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in Forex Bootcamp using the Telegram link below
USDZAR Trade IdeaConfluence of a few factors:
1. Downward trend line serving as resistance
2. Bearish engulfing candle pattern (sell signal)
3. Pinning 21 SMA
4. All happening at 14.13959 short term resistance
I am selling at market price with
#Sl just above the bearish engulfing @ 14.18403 and
#Tp lower down at previous demand zone around 13.85317
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below