ZAR
EURZAR on a weekly support 🦐The market after retracing till the 0.5 fib level is now putting pressure on the weekly resistance in red.
If the market will manage to break and close below the structure we can look for a nice short order according with our strategy with a huge rr.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Mondi failed to break lowerJSE:MNP has been trading in an upward trend since mid-March. It failed to make a lower low after the latest retracement and formed a hammer doji candle which is a bullish reversal signal. We are potentially looking at a continuation of the upward move.
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
USDZAR short setupAfter Wednesday's bearish outside day, this could be a nice opportunity for those looking to get short.
Price now firmly below D1 cloud with all 3 lines supporting the break.
Stop loss placement depends on risk profile with a case to be made for several levels, yesterday's high (17.21), recent swing high (17.53) or even above D1 cloud (around 17.75).
I prefer a tight stop above yesterday's high at 17.23 as have little appetite to sit in a losing position and EM risk could return quickly.
Nice positive carry for being long the Rand too
Possible reversal on ABSAJSE:ABG has broken through the downward trendline that it has been obeying since 5 June -the stochatic is also looking good for a reversal. If confirmed with tomorrow's price action, I might consider entering a long position with the target at around the 10000 level.
UPDATE!! USDZAR another selling signal on the go 🦐After last call on this pair the market is giving us another selling signal.
Price manage to break the structure in yellow during the past trading days and retested the structure, as soon soon the price will break and close below the blue structure we can look for another selling order according with our strategy rules.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDZAR LONG!MONDAY BEARS in control. I still see a further downside movement, and then only BUY on the FIB sweet spot level.
Let us see how this plays out! Good luck for the week ahead TRADERS!
USDZAR BuyTrading is not 100% knowing where the market will go to but it sometimes means with proper fund care you can enter special opportunities such as this one. Price is at Support deciding to break above its local minor resistance which gains my interest, I believe price may struggle to push ahead certain price ranges but confident that the Greenback will push ahead knocking out Sell Order. Entered Bullish in this trade at its exhaustion, left some key notes on this chart.
Nice short shaping up!Check out the chart. The Aussie been consolidating so I came across this while charting. See chart for target.
USDZAR H4There was a complicated wxy formation in the B wave. As i said in my previous analysis I'm long in the short term.
USD/ZAR : Buy Trade Setup Low risk , Big Reward Trade setup.
Looking For the Upside continue.
ThankYou
Retest and shortPossible short setting up. Wait for rejection of zone and 300 EMA's. Could be a nice Long term trade with low risk and high reward
CLS - Strong trend breakJSE:CLS has broken a strong trend line that it has honoured since around October 2018. We could see a downward reversal from this point if confirmed below around the 21600 level.
