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EURZAR

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..
Short
by thillygoosth
1
EURZAR 4hr bearish bat pattern short opportunityThe USDTRY party was just too crazy. EURUSD already breaks 1.1500 to let the bears celebrate their victory a lot; Meanwhile, there are still pairs that EURO is stronger like this EURZAR. Here we got a bearish bat pattern near 16.08, I'll be willing to wait for reversal sign there. Still this is a pair with abundant interest, so looking for potential short trade is acceptable although ZAR is also so weak. Let's see how it goes!
Short
by Trader_Joe_Lee