Exclusive Private USD/ZAR Study For Wildcard Weekend Attendees
Updated
Thanks again for attending my Wildcard Weekend! This private study of USD/ZAR is being shared to those who have registered for the event. The general public cannot view this idea as it is posted privately for your viewing. Among the pairs we studied was my all-time most studied pair USD/ZAR.
As you study this, please keep in mind the notes reflected on the chart as well as what we discussed on the webinar
1. On the weekly timeframe we noted three bullish candles over the past few weeks (study Forex Three White Soldiers pattern). Although this is not an absolute that bullish continuation will occur, it can be a helpful confluence to keep in mind that buyers have maintained their purchasing power over the last three weeks. The bulls are definitely in the building.
2. On the daily timeframe our attention is drawn to the 200 MA. Often the 200 MA is often serves as dynamic support or resistance. Price's response the to 200 MA on the daily will provide valuable information and insight as to how price will continue on the short term-medium term basis.
3. As we studied please continue to pay attention to wicks. Do not be lured into traps in the market.
4. Note price is currently moving within an ascending channel. How price responds to the key zones as noted, please use the tools from our study (Candlestick Bible) as well as fibonnaci and price action to help you determine a possible entry and take profit zones.
Keep in mind that no price predictions are guaranteed. We must study price action along they way to aid in our study.
You are also invited to join my Subscribers Zone, where traders and have access to exclusive chats where we discuss pairs, not just this pair, but many others, as price action plays out. For less than $10 a week at $39 per month, you are invited to join us by visiting http://www.celestefrederick.com/subscriberszone
Visit this idea often to see updates, or connect with me on my subscribers zone to discuss as it plays out.
I'm looking forward to connecting with you soon!
As you study this, please keep in mind the notes reflected on the chart as well as what we discussed on the webinar
1. On the weekly timeframe we noted three bullish candles over the past few weeks (study Forex Three White Soldiers pattern). Although this is not an absolute that bullish continuation will occur, it can be a helpful confluence to keep in mind that buyers have maintained their purchasing power over the last three weeks. The bulls are definitely in the building.
2. On the daily timeframe our attention is drawn to the 200 MA. Often the 200 MA is often serves as dynamic support or resistance. Price's response the to 200 MA on the daily will provide valuable information and insight as to how price will continue on the short term-medium term basis.
3. As we studied please continue to pay attention to wicks. Do not be lured into traps in the market.
4. Note price is currently moving within an ascending channel. How price responds to the key zones as noted, please use the tools from our study (Candlestick Bible) as well as fibonnaci and price action to help you determine a possible entry and take profit zones.
Keep in mind that no price predictions are guaranteed. We must study price action along they way to aid in our study.
You are also invited to join my Subscribers Zone, where traders and have access to exclusive chats where we discuss pairs, not just this pair, but many others, as price action plays out. For less than $10 a week at $39 per month, you are invited to join us by visiting http://www.celestefrederick.com/subscriberszone
Visit this idea often to see updates, or connect with me on my subscribers zone to discuss as it plays out.
I'm looking forward to connecting with you soon!
Note
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