EURZAR AnalysisA bullish call , as we can see the structure is broken and now we have to wait for a trend line break.
EURZAR trade ideas
EUR/ZAR Potential SellPrice has respect all time high
Closed doji candle yesterday and closed bearish candle today.
I will wait to sell during London session, only if price is moving down at the time.
Trade safe as this pair can move 700+ pips in one day.
Long For wave 5 We have the nice bullish move for wave 5 after the completion of wave 4 at fibo 38.2%
You better be aware of confirmation and invalidation level as indicated
HAVE A NICE TRADE
EURZR: Double Top Break OutLooking to go SHORT at DBD which is also at the neckline of of the double top
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
EURZAR - Testing high for the year- As per the previous post on the pair, the long played out and we at the highs of the year
- We could possibly consolidate and break higher here or get rejected and form a double top
- Will be watching price action for clues to the next move
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
step down let me wear the crownthis should be a bearish flag but I'm should it will keep fighting against it as if the laws of patterns don't exist.
misfits markets I don't know to explain what's happening with the price charts but predominantly I know this pair is bound for the downside as it has a long time trend support line to return to any time soonish. its kind of like when will smith in man in black three jumped off the tall building to time travel and had to be pulled back. this pair has been doing that for the last decade. where have I been? why have I not ben trading? who knows. drink water and stay healthy people
Looking to long EurZar if it holdIF That zone holds, i will be willing to go long, if i see my DTFX Academy entry
a word to the wise peter! with great power comes great responseA little known tip and idea for future cyphers watchers. any cypher, when proceeding in a trend as part of a longer trend will usually be a part pattern formation to create a head and shoulders formation in order to then carry on that trend. keep a close eye on the information between the trends and remember. spiderman is your friend, not your neighbourhood pedo, that's Illuminati and government
EUR/ZAR SHORT 11/08/20It was a big surprise that it was able to reach the top again. But now we can explain that with the overall strength of the EURO so far. Now looks like the Euro will calm down for a while which will be in favor of shorts. From technical standpoint we have all reasons to go short: strong divergence on MACD, far from MA200, and already formed reversal candlestick pattern on the daily chart.
EURZAR. The price reached the target at the resistance level.Hello dear subscribers.
The price of the Euro in the previous
chart reached the target at the resistance level.
Now the price will reverse in the opposite direction
and reach a new target at the key level.
Good luck to you!
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This idea does not provide the financial advice.
EUR/ZAR recaptures 6 April highsEUR/ZAR exchange rate edges higher today after a straight 9-day rally. The South African Rand (ZAR) has struggled to gain against the EUR after South Africa reimposed its lockdown adding an additional night time curfew earlier on in July. South Africa has one of the strictest lockdowns in the world, restricting more or less all outdoor movement and prohibiting the sale of cigarettes and alcohol, which needless to say devastated an already wobbling economy.
As the EUR/ZAR currency cross manages to recapture the 6th April highs, small speculators have become very optimistic about future prices for this pair, with 78% of them holding long positions (short term). Euro speculators, in general, boosted their bullish exposure this week to a new record high, according to the latest Commitment of Traders data (COT). Bullish positions increased by over +23,000 contracts, totalling +108,086. What happens at (2) will most likely set the tone for the short-medium term. A convincing break, hold and close above this key resistance level (2) on a 2-3 day time frame would most likely encourage buying pressure. Alternatively a replay of 6th April this year is possible if resistance proves too strong (1a).
Sell:EUR//ZAR.....Aiming At A Resistance LevelExotic currencies are currencies that are thinly traded in foreign exchange markets and are not widely used in global financial transactions. Exotic currenrtcies are illiquid, lack market depth, can be extremely volatile, and trade at low volumes....
Exotic currency pairs are made up of one major currency paired with the currency of an emerging economy, such as Brazil, Mexico, Chile, Turkey, or South Africa...........
Technically on the Chart...Price aiming at a resistance zone ......which we might see a breakout because we seeing a bullish flag pattern or a sell opportunity to bag in pips down to our support zone.....
EUR/ZAR - Waiting For Long H4 RetestI would like this setup, unless it rejects off the local highs before retesting the H4 level.
EUR/ZAR - Waiting For Time/Space and Retest H4Waiting for the market to clear this H4 level a little more and retest. Then looking for long for a continuation of the Daily trend.
