W Formation formed on EUR/ZAR. The price is breaking it's 200MA and is above the 20MA. So there is a high likely chance of the EUR running up to R20.85 against the ZAR. Nightmare for those SA living in Europe. But at least we can trade it right?
A bearish Cypher on the Weekly timeframe is near completion. Price is currently within a Weekly order block and we will most likely see a lot of trapping behavior in this region. This area is arrived at after a very long bullish trend and so as a result we will most likely find a build-up of both institutional volume as well as day-trader volumes. On the daily...
EUR/ZAR - Daily is in a channel and is doing exactly what we thought it would do a few weeks ago... As long as it's in the channel it's in a sideways consolidation period. What else should I analyse for you?
EURZAR $EURZAR Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EURZAR $EURZAR Continuation Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
The Eurozone CPI for July is predicted to decrease 0.1% monthly and increase 2.2% annualized. Forex traders can compare this to the Eurozone CPI for June, which increased 0.3% monthly and 2.2% annualized. The Eurozone Core CPI for July is predicted to decrease 0.4% monthly and increase 0.7% annualized. Forex traders can compare this to the Eurozone Core CPI for...
German Industrial Production for April is predicted to increase 0.5% monthly. Forex traders can compare this to German Industrial Production for March, which increased 2.5% monthly. The German ZEW Survey Current Situation Index for June is predicted at -27.8, and the German ZEW Survey Economic Sentiment Index at 86.0. Forex traders can compare this to the German...
Market showing future promising trade which should breakup at some point, channel still in tact but once broken it should give a very long bull ride so watch this space.
Hi Traders, This is my view on this cross for the next few days. #EURZAR BUY 18.067 SL 17.837 TP 18.5 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to...
Trend Is Your Friend 1. One touch, Two Touch and Three Touches complete a trend. 2. EMA acting as dynamic resistance 3. Market has entered an area of sensitivity @ 19.8000 also know as a psychological level where institutions place orders and take profit 4. Waiting for 3 two hour candles to show signs of rejection to place sell...
EURZAR Trading Plan BUY - Riks Reward 1:3
EURZAR is one of the most volatile currencies. One more wave up in the ending diagonal.
Looking at the EURZAR pair, i am waiting for a break of market structure and i am looking at some kind of more lower highs to be created and for the market to repeat itself before dropping even lower. I would also be looking at the top of the rising squeeze before selling to get a better risk to reward. However, there is a possibility that the price might break...
EURZAR - LONG - BUY OPPORTUNITY VERY HUUUUUGEEEEEE profit over here !! Enjoy it!!
Hello 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 - My posts are not and advice to buy or sell something always do...