EURZAR LONG with Big jump Target si 17.15 aereaHello to all watching my charts.
Lets have a look to EURZAR
These exotic pair made a big Jump today
above all resistances and i do see a chance to get in the 17.15 aerea
after climb above the last red resistance lines.
Good trades
If you want to support my work , please be so kind and like them
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My posts are not and advice to buy or sell something
always do your own research
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Renkotrade
EURZAR
The rand vs the Euro - Longer term viewNeeded to buy some euros with zar so thought i would pull up a longer term chart to see when i should be buying!
So far so good, predicted yesterdays drop 9 days ago and hit my green box, if at all i will be buying again it should be around those new levels to complete our Z.
EURZAR ready to reverse?Very similar scenario to the EURNZD trade posted earlier.
After a very strong bull run the pair entered overbought territory and we see a bit of a spinning top what it is usually a sign of weakness. It has a lot of room to run and very little support on its way what makes the R:R on this trade exceptional.
How do I play it?
There are 2 entry points :
- We can wait for that thick black line to be broken as it acted as some weakish support in the past. Less aggressive approach.
- We could enter on that doji 4H candle marked with an arrow and looking at the 1H estructure. More aggressive approach.
It is also interesting to see that the price is now under the 4H 50MA and as long as it remains under it we are good to sell this pair.
Trade safe!