JPYZAR trade ideas
ZAR/JPY - Closing Above SupportPrice dipped below the support but has begun closing back above. I will zoom into the M15 MS and try to find a slightly lower entry to yield a 2+ RR to Daily resistance.
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
ZARJPY retest or breakout?As we can see, the pair has made a reversal to move in a strong bullish move towards the previous support. Currently the pair is moving strongly towards the previous which is a good opportunity to buy. But we can await to see if it rejects of the zone to give us a good chance to sell.
ZAR/JPY swing trade shortPrice is hitting standard resistance as well as Gann box resistance while loyally adhering to the green dotted transagonal trendline. Another indicator of a short at this point is that RSI has reached overbought zone.
Here's to Success!
Appreciating Long The Swap!Entering consolidation phase. This pair long term seems to be appreciating overtime and is beneficial to hold overnight. *Discuss in comments* Swap remains positive.
We can break lower start of the week and see it as low as 6.30s.
I would like to see next week at least 20 pips on the long side.
zarjpyI'm looking at this as a pullback (buy) to possibly 61.8% where recent support now turn resistance is
ZAR/JPY GO LONG ZAR/JPY OVERALL DOWN TREND wait for breakout after go long meaning is wait for double buttom nick line trend line breakout for up trend .
