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U.S. Dollar / South African Rand

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USDZAR trade ideas

USDZAR-SELL strategy 4 hourly chartThe pair has been unable to move much higher, and considering GANN resistance now 18.3600 area, and a double bottom 18.2500 estimated, and negative stochastic, albeit low, suggest we may see a large move lower. This is purely assumption and believe, and do not take my word for it. However, a tight stop-loss may do the trick and protect in case we are wrong. Strategy SELL @ 18.2800-18.3100 and place stop-loss above 18.3750 and profit order @ 18.0850.
Short
by peterbokma
2
USDZAR-SELL strategy 4-hourly chartThe pair had a strong move higher, and this is also inline with the dollar index movement. Same as some other pairs, we are starting to see a s/h/s patter (inverse), and this suggests we may see much higher levels in time. the breakout point is around 18.6550. For now, it feels we are slightly overdone, hence I prefer SELL strategy but with a tight stop. Strategy SELL @ 18.5700-18.6100 and place SL above 18.6700. Profit order suggested @ 18.4350.
Short
by peterbokma
USDZAR-BUY strategy Daily chartThe pair had a large move down inline with DOLLAR INDEX and other pairs. GOLD steady but am expecting GOLD to move lower again. 4-Hourly chart stochastic is positive and low, but daily is negative, but a doji for the close of the day. Overall, I feel we may try higher again, but carefully pick the entry level. Strategy BUY @ 18.1950-18.2350 and place SL below 18.1000 now. Of course, it is all about your personal situation. I may state a SL, and I may or may not maintain it or maybe even further away from my suggestions. Profit order let's say @ 18.4350.
Long
by peterbokma
1
UZD/ZAR ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽‍♂️ Raising wedge 💲 Entry Point : 19.08024 🟢 TP1 18.96309 ⚠️( Close 50% of the trade and Set the SL on EP )⚠️ 🟢 TP2 18.84412 🔥 ( Final result)🔥 🔴 SL 19.19555 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
Short
by EMA_Trading