ZAREUR trade ideas
EUR/ZAR - Buying OpportunityThere is currently a bullish opportunity with EUR/ZAR.
As long as it does not close under it's current support zone which is at ~1.1612 the bullish move is valid.
Trade safe.
EURZAR Price has shown some respect towards the 28 May 2018 ascending trend line a bounce with sensitivity has been noticed on this current level.from now on price is expected to rise higher after the market makers have spiked lower to take all stops around 16.135 level. happy Friday all.
EURZAR: Significant long term downside gap. Short.The pair is trading on a very long term 1M Channel Up (RSI = 57.375, MACD = 0.349, Highs/Lows = 0.2662, B/BP = 1.5626) that has a sizable downside gap to fill in the attempt to price a Higher Low. Our action plan is to short towards 15.08674 and then buy for the next Higher High (pattern continuation) with TP = 18.5000.
EURZAR Bullish Gartly The bearish momentum failed to close below Fib 88,6. Our Possible Retracement Zone (PRZ). Long positions have been confirmed.
EurZar bullish gartleyThe short term trend has been bearish the past couple of days.
The main trend is bearish.
Our trade is in line with the main trend though not at any key support area.
It does offer a good risk reward ratio though and for that reason we decided to take it.
Keep your stops tight.
Stops and take profit levels are as shown on the chart.
Short term EURZAR VIEWeither the current wave is an "a" of a potential zigzag in the short term or an '"x" for an "z" movement downwards before we see some improvement in price...but overall, the right side a trader can take is a short based on our minor and primary trend expectation(see related chart below)
bearish on EURZARbased on the minor trend, we shall be selling the pair when our strategy suggests its time to go in
EURZAR Long Price has broken away from its current bearish trend line.
We are currently seeing buyers forming a new bullish break higher.
I am expecting price to push through to the 18.10 mark
Eur/Zar Potential Complex "B" waveIf you did not already get the first sell level I posted, or if you are in it... Watch out for an ending diagonal which would measure out perfectly to the 1.236 extension. From there, we may get a head and shoulders or flat type structure which could then turn into a WXY structure for a complex "B" wave. I suggest you watch the short video I posted on my channel. Link below. I do see some nice downside coming but that doesn't mean we can't get something to double top or break the high, but I see the sell as the next move.
EURZARPrice has given us a great bull push...after a push we get an exhaustion my short is now triggered and my target is slightly above the 25 Daily EMA
Which alos lines up with my 61.8 fib retracement
Eur/Zar-DailyRefer to the monthly chart. I'm looking at a "B" wave. 1-4hr divergent looking like sell. I just wanted to point out that Eur/Zar could do one more up for an ending diagonal, which would take it to the 1.236 extension. If it did that, for risk purposes, I think that would be a better level to look for the swing. It is coming off the 27 percent extension of 1st wave along with equal length right now. It can come down from here, but protect any profits and be careful until we actually get a reversal..
