EURZAR trade ideas
Long idea on EURZAR. simplicity is keyWe can see the falling wedge at support and break..we are currently re-testing and looking to place a buy
EURZAR - LONG - BUY OPPORTUNITYEURZAR - LONG - BUY OPPORTUNITY
VERY HUUUUUGEEEEEE profit over here !!
Enjoy it!!
Why lower time frames are a waste of time. Here I wanted to do something I haven't done for a little while and that was day trade. After Looking at my recent trades I saw that my trades taken on the Daily chart with only price action signals from the Daily candles after the Daily close were bringing me more pips and so much more accuracy than any other time frame I decided to give it one last try to see if my price action skills can be used on the lower time frames, presumably the 4 hour and 1 hour. What a waste of time. After looking at my history my trades trading price action signals off of support and resistance on the 4 hour and 1 hour resulted in so much more loss, more stress and more time looking at the charts. The pin bars and engulfing candles I usually trade off the Daily and which resulted in me being able to make hundreds of pips a week resulted in many fake signals on the lower time frames. I say this because I personally think day trading is a joke. It will only result in you losing all of your money and your sense of peace. I am now and forever a believer in the daily chart. F*** you lower time frames.
Long EurZarLong for the gap fill. I like to play the 3/4th fill because it usually makes another move down around that area, to which you can play the rest of the gap fill. Make the gap play small remember they can stay open forever so take the easy money safely. People tend to overtrade gaps with the knowledge they will eventually close. Which creates an overtrading situation.
EURZAR Sell SignalPattern: 1M Channel Down.
Signal: Bearish as the price is near the inner Higher Low trend line.
Target 16.3000.
Analysis of EURZAR 31.10.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 16.9600
• Take Profit Level: 17.1500 (1900 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.7800
• Take Profit Level: 16.7300 (500 pips)
USDJPY
A possible short position in the breakdown of the level 108.20
GOLD
A possible long position at the breakout of the level 1506.00
USDCHF
A possible short position in the breakdown of the level 0.9860
EURUSD
A possible long position at the breakout of the level 1.1180
