EURZAR trade ideas
EURZAR formed a Cycle High (Weekly)?High probability, cycle high formed 4-weeks into a possible 28 weeks cycle, to form the next cycle low. This cycle can be as low as 16 weeks.
Triangle suggest support around the 200 SMA - 15.75.
Important to keep eye on the political climate in SA. It is not normal, current events can make markets jittery, or is it normal now?
Long EURZARPossible entry but at 17.1 to target 18.0
bearing flag noted on 4 hr time frame.
At break of flag signals buy entry
#EURZARThe green areas are Target
Orange ranges are strong
Time range specified
The price is within the pattern
The Inside barThe inside bar is a very reliable candle pattern that can bring you massive results . In this video you will learn what it looks like, how it is formed and how it is traded.
The inside bar is also the last candle pattern in this course. You're almost at the end :)
Short EURZARpossible short on EURZAR based on current DAILY consolidation between 14.15 and 15.40. Price bouncing of resistance near 14.15.
Short to 16.24
entry at 19.79
eurzar too much flagsi copied the price action from the purple flag and paste the price movement to where price is now.
key areas
18,0786 which is going to be our double top range
17,1370-17,2748 our consolidation area then we buy
18,0700 buy target and also sell area
EURZAR ready to reverse?Very similar scenario to the EURNZD trade posted earlier.
After a very strong bull run the pair entered overbought territory and we see a bit of a spinning top what it is usually a sign of weakness. It has a lot of room to run and very little support on its way what makes the R:R on this trade exceptional.
How do I play it?
There are 2 entry points :
- We can wait for that thick black line to be broken as it acted as some weakish support in the past. Less aggressive approach.
- We could enter on that doji 4H candle marked with an arrow and looking at the 1H estructure. More aggressive approach.
It is also interesting to see that the price is now under the 4H 50MA and as long as it remains under it we are good to sell this pair.
Trade safe!
EURZAR BULLS OUT OF FUEL??Using multiple MA formulas to find weaknesses in trends. Slowing them down paints a much better picture for you.
Using
Detrended price oscillator
SMI
Ultimate Oscillator
Chaikin money flow
Slow Stochastic
Slow volume oscillator
Use faster charts with same concent to scalp
If uncertain about 1 indicator alerting of cross, wait for 1,2, or 3 more alert of cross as well. = More coservative entry
EURZAR - shorting to 15.80EURZAR being rejected by descending resistance line at 16.80
Looking for a TP around 15.80
Happy trading.
