ZAR
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.
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.
H&S forming on NaspersJSE:NPN is currently forming a small head and shoulders pattern on the 1D chart. If it continues downwards and confirms the break through the necklinr, we could be looking at a target around the 224000 level.
Possible ascending triangle breakout imminent on MNPJSE:MNP looks like it could be breaking out of a symmetrical triangle chart pattern very soon.
My sentiment is that it will most likely break downwards, as the resistance level at the top of the triangle is very strong and has been intact since mid April. Once it breaks and closes below the level of the triangle I will consider a short.
Back up to test the highs or break below Keeping an eye on this, if it starts to look good to enter a long. Possible great RR. See how it starts to go on the smaller time frames for perhaps an early indication
CHF/ZAR: SHORTHello traders!
MACD line just crossed below SIGNAL line -> beginning of a BEARISH DOWNTREND
RSI 14 is going down and it is far away from being oversold.
CHF/ZAR price seems to be already in a retracement which will probably end in the vicinity of the support
Please, maintain proper position sizing and risk management!
Not a financial advise
Trade safe
UPDATE !! SHORT EURZAR another great sell signal 🦐We have been in this trade since long but the market seem to make a further bearish move.
The price found a resistance area at the 0.382 of the fib retracement and it currently stay above it.
If the market will manage to break the resistance structure, at the resets we can look for a short order with a target around the 0.5 retracement area and possibly 0.618 for a nice r/r.
For the one who kept the trade since our first call they can set a trailing stop around 19.23 area and move the tp to the 0.5 fib.
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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.
