I dont usually Trade ZAR but this confirmation seems clear so I'm in, riding wave 3 to the finish line or until I get bored
USDZAR trade ideas
USDZAR-SELL strategy 4 hourlyThe pair did test 18.7400 area and fell too a low of 18.5250 area and recovered upwards.
The issue is, we are boxed-in within GANN support and resistance, ranging 18.5600 - 18.7400. The stochastic is negative, and for that reason, I prefer SELL into rally. If short, and not taken back low 18.50s I suggest to abort now. I feel we may see higher first, but this is for SELL strategy, and not to recommend a BUY for now.
Strategy SELL @ 18.6900-18.7250 and place SL above 18.7800. Profit target is near 18.3150 now (above 18.2700 T-line support area).
More Bearish momentum on USDZAR?With USDZAR giving up a two wave retracement to the create a lower high at the 18.7 resistance I can say that we may see a lower low form, come 2024 around the 17.3 region
USD/ZAR Sell Position with DeadlineEntering a USD/ZAR sell position with a target of 18.59451, aiming to hit before the daily candle close; adjustments will be made if the target isn't met in time. Stay tuned for updates.
USDZAR-SELL strategy 4 hourly The initial idea of SELL 18.49-18.51 only encountered a low near 18.3600. We have since then climbed dramatically whilst GOLD is higher in fact. This is not usual behavior, and the break of 18.6100 area suggest we may see 18.7400 test before down.
Strategy SELL @ 18.6800-18.7100 and place SL above 18.7700. The profit order now placing @ 18.5250.
WHAT DO YOU SEE?This landed in my inbox this morning and I have several calls on the next move. How would you trade it and whats the target?
USDZAR-SELL strategy 4 hourlyThe pair has risen as expected, albeit my earlier bail out at 18.4250 area. The objective was met though.
For now, would be SELL side again, but will respect GANN resistance 18.6000 area.
Strategy SELL @ 18.4750-18.5200 and place SL above 18.6100. Profit order @ 18.2650.
USD/ZAR Buy: Target 18.52544 Entering a USD/ZAR buy position with a target of 18.52544, aiming to hit before the weekly candle close; adjustments will be made if the target isn't met in time. Stay tuned for updates.
USDZAR-BUY strategy 4-hourly chartThe tide has turned, and now prefer BUY side. Stochastic positive and we broke GANN resistance.
Strategy BUY @ 18.30-18.3200 and place SL below 18.2350 and take profit @ 18.4750.
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.
USDZAR-NEUTRAL SELL strategy 4-hourlyMove lower was as expected, but slightly more than I felt possible It always overshoots as we all know very well. For now, there is more downside pressure, but I prefer to remain neutral and only SELL higher near 18.4350.
Strategy SELL @ 18.4350-18.4600 and place SL @ 18.5150 and profit order @ 18.1750.
Riding This one was sent out to students only, we'll ride until TP is hit however each day the SL will secure profits.
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.
UZD/ZAR ↘️ Short Trade Setup ↘️Hello Everyone.
Channel breakout
💵 Entry Point : 18.79816
✔️ TP 18.61773
❌ SL 18.88538
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Disclaimer
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Trading is risky we all take loses
your responsibility is to not take more than 1% to 2% loss per trade and double your profits.
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.
USDZAR Potential SHORT SetupsUSDZAR
Weekly:@weekly highs,Failed to make a new HH(Possible Trend reversal)
Daily: Breaking daily structure
*waiting for a break of 18,27120 for bearish confirmations and will be looking for short opportunities
#1st Bullish leg_Jan 2016-Feb 2018(2years)
#2nd Bullish leg_April 2020-June 2021(2years)
#BYKCAPITAL
#LETSEAT
USDZAR-BUY strategy 4-HourlyThe pair got stopped out, but it was very near considering the move lower now. The over all picture still the same, and we never hunt, and that is why the SL placed always.
Strategy BUY @ 18.3150-18.3500 and place SL below 18.2450 and take profit @ 18.6550.
USD/ZARSnatching up some zar for an upcoming dip in the next couple of months for a currency swap play. Looking at a failed higher high to bring up a new higher low. It seems to be running out of steam after a good run. Looking for a bit of a break.
USDZAR, USDCZK Up.USDZAR Up.
Price climaxed down.
Then flattened.
And a Double Bottom appears - with a sharp edge.
Divergence of course.
Also some News showing Rand up.
Taking trade with all these confluences - aiming for 5x.
Note - USDCZK going up with ZAR also now.
USDZAR- BUY strategy 4-hourlyThe pair did move lower, but much farther than expected. Profit target overshot to 18.7350, and went even beyond our wild dreams.
Now we have seen a major move down, and GOLD has moved higher as expected. Now we are on the BUY side again.
Strategy B*Y @ 18.4850-18.5100 and place SL below 18.4350. Profit objective @ 18.7950.
USDZAR-SELL strategy 4 hourlyThe pair has moved up as per expectation, and now turning tide again. The stochastic is negative, and GOLD should remain steady and may recover upward as well.
Strategy SELL @ 19,04-19,0800 and place SL above 19.1800. Profit target @ 18.8350.
USDZAR bearish pennant.USDZAR looks to have just done a bearish pennant, indicating that the pair might not be done heading south. A conservative target is at the previous low at R18.2/$, but there's a very good chance that support could turn resistant.
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 $.
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Disclaimer:
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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
