ZARJPY: Potential H&SPrice broke a previous day low, hit a RBR and reacted with a bullish impulse and closed above the previous day low. Is the downward push market manipulation? Will be looking for confirmation to go long at the potential right shoulder/QML.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
ZARJPY trade ideas
ZARJPY: Going SHORTPrice pattern is almost the same as EURJPY, potential H&S. Price showing sign of weakness last night late trading session at a QML and a previous area of supply. Going SHORT to target the neckline.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
ZAR/JPY - BUY TRADE UPDATEHere is a video update of a previous trade set up I shared a few weeks back.
The South African Rand is bullish in the currency pair as interest rate differentials make buying this currency pair a very attractive trade for yield-seeking investors.
We look at entry price, take profit targets, and one-month volatility stop loss
ZAR/JPY - BUY SET UPIn this video, we take a look at the sharp recovery in the South African Rand against the Japanese Yen.
We firstly look at why the Yen got stronger in this exchange rate at the beginning of 2020 when the Covid-19 pandemic cause stock markets to fall and safe-haven demand into Japanese Government Bonds to strengthen the Yen.
However, since stocks have staged a strong recovery, we have seen the Yen weaken against Rand.
We look at interest rate diffeentials between the two country's and why buying the ZAR/JPY exchange rate is an attractive trade for two reasons.
1.) Positive Interest rate credit of 3.62% over 12 months.
2.) Appreciation in the exchange rate of around 12%, once the exchange rate rises to it's early 2020 high of ¥7.80
ZARJPY LONG OPPORTUNITY 🇿🇦🇯🇵📈Good night Everyone 👋🏾
So, here we have another 4H chart.💥
I've marked my resistance key levels (A), my support key levels (B).
I've marked the trendline (D), and spotted what appears to be a bullish flag, making me believe that ZAR might go up enough to hit our TP. 💥
Feel free to use this trade yourself.
Don’t forget to show us some love3 by following us so you GET NOTIFIED EVERY TIME WE POST. 🥳🎉
For late comers!Another good entry right here for this pair...That yellow zone is good resistance being the 8H kijun,4H kijun. Notice also that the 8H is currently through going through a bearish twist which adds to our bearish confluence. We want suck all the juice from the pair kkk
Entry:6.383
SL : 6.410
TP : 6.288
R : 3.5
Smaller position because we already have a main position,this is just complimentary.
Another reenteryWe have been waiting patiently for an opportunity to get in and we might have found it here. The H4 had a bearish engulfing at a zone of significance 6.500. This is an important zone because the weekly cloud boundary is coinciding with the monthly tenkan (which is sloping down so thats good) so we should get good rejection here. If not then price will have to really go parabolic to overcome that, but for now we are still on the short! We have split the position in two to cover the
Entry: 6.477
SL : 6.512
TP1 : 6.402 (R-2.14)
TP2: 6.31 (R-4.77)
Its a reentry so position size should be reduced in case we get stopped again!
ZARJPY: Potential Bearish ReversalDaily is showing a hammer pattern at a previous structure high, a sign that price might be reversing. Will be looking for confirmation to go SHORT to target a confluence of flip zone, fib 61.8 and bullish trendline.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
ZARJPY: Potential Bearish Reversal Price is coming to an important structure high and last week price action is showing me that Bears are starting to show interest(the long lower wicks that cover the lower range of the previous candle) but Bulls are not giving up without a fight. Will be watching this closely for a potential SHORT trade.
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
ZARJPY: Goign LONG on pull backPrice been looking Bullish in the past 2 weeks. Will be looking to go LONG to target Fib 61.8 of the major down swing
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.