EURZAR trade ideas
UPDATE !! EURZAR on a retest 🦐After our last call, which already trigger with a nice profit, we can look again for the one who missed it at a 2nd chance to enter in market.
The price retrace at the 0.5 fib level of the previous leg and we could even expect to see a further move up to the 0.618 fib level (around 19.676) level for a retest of the resistance structure.
If the market will give us a hint of inversion we can look for an opportunity to enter with a short position according to our signal.
For the one that are still holding the previous position we can expect the market to make a new move to the downside.
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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.
EURZAR: BUYThe dotted blue lines indicate zones where market reactions are likely to occur. be it corrections, reversals etc.
Descending correction If a confirmation of a sharp candle has been Identified short term short can be taken up until the next support from the left side. wait for conformation candle and jump right in after.
EUR/ZAR UpdateHere are some levels to watch for. I don't recommend entering a sell if you missed the move as this pair can move extremely fast (500+ pips in a day).
I will update if I see a potential re-entry to short.
EURZAR H4We Wait for price to retest previous Support
Then we look for a rejection confirmation and Buy
Apply proper money management because this pair is highly volatile
EUR/ZAR UpdatePrice is at an all time high so we can expect new levels to develop. Currently looking at -20.32 as a potential resistance and I will enter a short once I have clear confirmation (rejection, price action..). This pair could range in its current zone for some time so take advantage and trade safely.
EURZAR Short Idea Price is forming Flag pattern looks like it will go up a bit then it will reverse to continue with down trend
EUR/ZAR Don't miss thisHopefully some of you got in at my long signal at ~16.1 it climbed a nice 5K pips. Price reached an all time high and it seems like it could be ready to start going back down to its trendline(3000-4000pips). I am looking for entry at ~20.7 since this is a very volatile pair. Please wait for price to rise back to 20.7. If price breaks 19.5 then I will update for an entry then, if we have a set up.
