ZAREUR trade ideas
EURZAR Broke an ascending channel 🦐EURZAR Broke an ascending channel and now the price bounces on static support.
If the price creates a breakout According to Plancton strategy, we can set a nice order
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Follow the Shrimp 🦐
eurzarEURZR trendline has been break we just need to wait to retest the market then we can take entry on this pair. The breakout strategy almost works more high accuracy.
EURZAR traped in an ascending triangleEURZAR is overbought and is curently trapped in a triangle. higher probability for shorting the market
UPDATE !! SHORT EURZAR another great sell signal 🦐We have been in this trade since long but the market seem to make a further bearish move.
The price found a resistance area at the 0.382 of the fib retracement and it currently stay above it.
If the market will manage to break the resistance structure, at the resets we can look for a short order with a target around the 0.5 retracement area and possibly 0.618 for a nice r/r.
For the one who kept the trade since our first call they can set a trailing stop around 19.23 area and move the tp to the 0.5 fib.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
EURZAR updateShould be up in profit if you entered my alert last week. I'm still short EURZAR long term. it's a slow mover
EUR ZARContrary to most of the trader's opinion, symmetrical triangles are not always continuation patterns, they can also act as market tops.
EUR ZAR completed a symmetrical triangle top pattern last week, since then it has broken down from it and now it's back to the previous support zone that should now act as resistant.
This setup provides a 3 to 1 R trade to take.
