ZARJPY trade ideas
8H ZAR/JPY LONGZAR/JPY is trending upwards steadily. Big bullish volume today, I believe we will see it hit the indicated resistance zone.
Great set up, but Oanda 3:1 leverage means this is a snoozefest!Looks great. 5th touch rule. Testing testing testing. Plus huge volume just came in. If I had more money in my account, I'd trade the 'ish out of this one.
Super long ZARJPY?Are you sure?
ZARJPY long at 7.338
Take profit at 7.390
Stoploss at 7.330
( I might close it at 7.360 )
Yes, I am.
Smile
ZAR/JPY ShortIt reached this price on 13th September and went down.
My Positions is R5000 at
E 7.432
SL 7.500
TP 7.300
Bears in control ZARJPY, short Set-upZARJPY 4-hourly, a bear market with bulls struggling to build on momentum, being weighed down by price 7.400 that if they break above that level the set-up will be invalid.
Strong pb-support suggesting strong bear market, but price 7.276 will need attention if for bears will continue down. Bearish interests.
ZARJPY counter trend tradeWeekly pullback traded in the 4 hour chart against the long term downtrend
ZAR JPY SELL (SOUTH AFRICAN RAND - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
ZARJPY bottoming patternLike what I see here on ZARJPY. On the daily chart, we can see we hit a major support zone.
On the 4 hour, we have been in a downtrend with lower highs and lower lows. However, the downtrend seems to be exhausting.
We are seeing a double bottom here and even possibly a head and shoulders if we reject the neckline depicted and make a higher low.
I would await for a nice break and close above the 7.075 zone.
USDZAR is quite interesting as well. Perhaps some Rand strength in the short term.
ZARJPY shortWhen looking at the regression lines from the past few months this pair has the potential to drop further as indicated.
$ZARJPY trade completed. Now it is time for me to get out of here. Will look for another entry after dust is settled.
ZARJPYWeekly and daily on bear rally.
1hr: Waiting 1hr candle to close below 7.647 and take a short.
ZARJPY (With trend Trade)Weekly: Broke and close above resistance at 7.747 as we are currently bullish on the trend line.
1hr:Expecting retracement at 7.747 before bullish continuation, hence buys at 7.747
ZARJPY1hr: Divergence on 1hr
sells at 7.620, being the resistance supported by the turtle soup sells
