EURZAR trade ideas
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.
EURZAR: Strong Bullish ImpulsePrice reacted to a DZ with a strong bullish impulse without any pull back, taking out 3 swing high in the process. After such a strong bullish impulse, I am expecting a ABCD pull back to the FZ(Fib 50) or Fib 61.8. Will be looking out for price action in this area to go LONG.
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.
EurzarWith south African retail sales out yesterday it may be a bit late to enter but still some possibility. Just broke previous resistance level now pushing upwards. Again may be late to enter but may still have some possible gains
EURZAR - LONG Idea- Stochastics coming off an oversold base
- Price forming a higher low (early entry)
- Break of daily down trendline
- Good R:R
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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.
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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.
EURZAR Short PositionsEURZAR is trading in a descending channel, which price seems to be respecting very. Recently, there was a rejection at the resistive trendline and a break of the counter-trendline, presenting an opportunity for bears to short the pair. The first target is the support zone.
Be sure to use proper risk management and do not oversize your positions.
Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!
EUR_Short Against ZARcompleted the wave we were waiting for. Top from our chart and our RSI is at its highest but not over bought. price actions confirms a Sell.
EURZAR to confirm long opportunitiesit broke a counter trendline now we wait for it to come and test the support. i prefer buy limits. RISK MANAGEMENT.
