EURZAR trade ideas
EURZARNothing has changed since our last chart shared here so lets keep monitoring till price reaching our POI
EURZARnothing has changed so far so am still waiting price to come to my POI then I will take a short and swing it for some weeks
EURZARwhen you open weekly chart u'll see price were rejected on rejection block which is OB when you drop on daily TF so price take liquidity and bring about impulsive move which broke the structure on 2H chart so now we just waiting to see price returning to our OB then to see it hard as indicated on my chart
EURZAR SHOWING WEAKNESSforming Ascending Channel In daily Tf And Got Rejected From Channel Resistance
Rsi Printed Bearish Dirvergence
Wait For Macd Crossover To Enter
Expecting Lower Channel Line To Be tested Incase Of Breakout Will Crash Further
EURZAR Showing strong weakness for the rand to R19.19There's a bull flag that has recently formed which has broken out strongly and now looks like the first target will be heading to R19.19.
Not great for the rand but luckily we can go long the Euro to make up for it.
Long in EURZAR is suggestedABCD Pattern Completed indicating the Trend reversal in upward direction, On longer time frame Bullish Flag pattern is also formed with the confluence of Daily support.
Hence long position can be initiated.
EURZAR longthe support has held, trendline broken. we could EURZAR go up to the highlighted supply zone.
EURZARwill likely to continue uptrend
falling wedge breakout has already done
looks ready for bulish move
EURZARPrice bounce on daily OB and broke H4 structure so I do anticipate price will drop to take out equal low indicated on the chart. So lets wait patiently and see what price will do
Perfect automated detection of 3Drive pattern - ShortA bearish-type big 3Drive pattern occurred.
Also on the weekly chart, bearish-type 3Drive pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of 3Drive pattern - ShortA bearish-type 3Drive pattern occurred.
Also on the weekly chart, bearish-type 3Drive pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of BlackSwan pattern - ShortA bearish-type BlackSwan pattern occurred.
Also on the weekly chart, bearish-type 3Drive pattern is occurring.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Perfect automated detection of 3Drive pattern - ShortA bearish-type 3Drive pattern occurred.
Short after seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
EUR/ZAR Upside to come to R18.23EUR/ZAR is showing classic textbook analysis of a Cup and Handle.
It's broken out of the brim level and is showing strong demand (buying) to come.
The first target is to around R18.23.
CONCERNS: There is a rising channel which the diagonal line is a strong support.
If the price breaks up and out of this channel, we can expect major downside to come for the rand.
BULLISH for the EUR.
EUR/ZAR continuing weakening in the channelEUR/ZAR - Daily is in a channel and is doing exactly what we thought it would do a few weeks ago... As long as it's in the channel it's in a sideways consolidation period.
What else should I analyse for you?
Perfect automated detection of 3Drive PRZ - ShortA Bearish-type big 3Drive pattern may occur when exceeding 17.810.
Short after pattern generation and seeing the rebound.
*Harmonic patterns are automatically detected using the indicators below.
- Harmonic auto-detect PRO
Supply ZoneDouble tops, even highs. Supply zone.
if we can't break above. Sell to the end of the range\
Wait for confirmation! set up: potential early reversal
