EURZAR: Short opportunity on the 1D Lower High.The pair is trading on a long term 1D Channel Down. With both 1D (RSI = 51.944, Highs/Lows = 0.0000) and 1W (RSI = 47.364, Highs/Lows = 0.0000) neutral, we have a strong sell signal on the Channel's Lower High. TP = 14.8000.
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EURZAR
EUR/ZAR - Long - Counter Trend
SL: 2838 pips from entry based on ATR calc. Just below previous month close. Last week open.
TSI: merging about to cross
RSI EMA: Crossed both 3-4 days ago
VZO: riding the zero line in uptrend with a retrace
ASH: Bull Cross with 3 blue bars
EMA:
200W: found support 2 weeks ago
200D & 20W converging (target?)
Weekly chart:
5 cross 10
TSI cross
AK_TREND: Flat
Challenges:
Weekly chart looks to want to test downside.
EURZAR Long PositionExpect the EUR and USD to gain some strength over many developing countries currencies in the near future. We had a positive daily green pip movement corresponding nicely with our MACD! I am however going to be looking closely at the riots occuring this weekend in France as things can get out of hand really fast with the political climate in that country and the impact it might have on the Eurozone in general.
EUR vs ZAR - Long 03/13/18Going to play Long here on the Euro vs South African Rand. Just playing the pullback to fib levels, might get rejected there and fall lower, might make a bottom here and change trend. Showing divergence with the MACD and double bottom, good RR. Find a pull back on the 15min and take profit on targets, stoploss under the low.
Can be played with BTC and massive margin @ bit.ly
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.
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..
Eur/Zar looks to be in "B" waveThe weekly and daily are both way over extended. It is also way over extended from monthly bollinger bands (see TDI turned into price currently here on monthly). We can get a running flat here, but if it goes down to break the low that could take us to the 13.00 level possibly. At a potential reversal spot now. But keep in mind this is the monthly chart.
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!
EURZAR - break lower Trade what we see:
EURZAR on the higher time frame trading on a bullish trend line (support).
On the 4hr chart, we see a clean break with a lot of sellers entering the market.
We saw an exhaustion phase and the buyers successfully re-tested the same trend line which has now turned into resistance.
This new trade is joining the next wave of sellers entering the market.