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Eurzarshort

EURZAR SELL (LONG TERM) 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 and i will get in with trailing my stops from 16.3710 price range. Waiting for the market to show me whats possible before i trade this pair. Care with this one, as many brokers have high spreads on exotics
Short
by ANGBlack
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!
Short
by MicKi
EURZAR 1:3 Risk Reward SHORT (Fundamental + Technical Analysis)Zar Fundamental Quant Score: +33 - Retail sales grew to 1.2% showing consumer confidence in South Africa - PPI breached forecsats by 0.1% which is healthy for producers - Interest rate decisions had no signs of dovish action so investor money flow should continue flowing into South Africa - Trade balance showing a huge surplus Technical Analysis - Daily Sell zone - Daily hammer head/ evening star formation - Rejection from the current zone shows big money flowing out the EUR and into ZAR - Wait for a 4HR lower low then a retrace to confirm the move ad possibly enter in that region depending on the fundamentals and technical outcome Some good signs for ZAR and EUR has continued to weaken the past week
Short
by Eren_Jaeger_Trader
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