GBP/ZAR Big Move potentially!Price has reached and tested downward trend line and has slowed down in momentum reaching it, on H1 time a smaller trend line has been respected. Waiting for a break to enter!
Let me know what you think!
GBPZAR
GBP/ZAR: Daytrade-Opportunity#WEEK 34 Nr. 11Hey tradomaniacs,
welcome to another free signal!
How to trade: 1. Wait for the break below the horizontal support and wait for a retest.
2. If we reject and the horizontal support and see an S&R-Flip - SELL.
3. Latest point to reduce your risk is as soon s you have warned your risk.
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Type: Daytrade
Sell here: 18,60549
Stop-Loss: 18,70444
Target 1: 18,50334
Target 2: 18,45556
Target 3: 18,40812
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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06.07.19 GBPZAR OutlookGBP has been in a strong downtrend all year.
Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level
Price is testing 61.8 Fibs on Daily and
17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ?
2:2 pattern would price go to 17.04 @ 78.6 Fibs
06.07.19 GBPZAR OutlookGBP has been in a strong downtrend all year.
Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level
Price is testing 61.8 Fibs on Daily and
17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ?
2:2 pattern would price go to 17.04 @ 78.6 Fibs
Long term short
Short term buy
03.07.19 GBPZAR OutlookLooking for a bounce @ support and close above support prior to taking a long position
GBP/ZAR Sell setupIm Expecting price to push a little higher to touch our trendline where our support will becoming our restistance. Once price is there we could be looking for a good sell entry that give us some nice pips. ofcourse we talking here about a nice swingtrade. lets wait and see how this one will play out.
gbpzar head&shoulders my favorite pattern. reversal head&shoulders on gbpzar unemployment numbers for south Africa high again petrol also going up so we expect weak rand this coming weeks.
GBPZAR Signal+Analysiswe just found a technical model Triple Bottom-(bullish chart pattern used in technical analysis that's characterized by three equal lows) We think the price can reach the 200 moving average which is at 18.00
Buy GBP/ZAR
Entry Price: 17.5710
Stop Loss: 174040
Take Profit: 18.00
GBPZAR short dailypure trendline techs explains the gap made during asian today besides any fundamental factors
looking to short on retest of this weeks high, no jump on pins as it may retest with you against you.
lower time frame h1 h4 may present short opportunities.
GBPZAR - Hedge against the RandUk needs to recover well from Brexit in order for this to happen. Also, as mentioned, SA's economy will need to stay on the same downward spiral, in order for this pair to return to previous highs
GBPZAR Short Position (4Hr Timeframe)-Potential short position as trend breaks out and makes bearish move
- Be wary of retest as trend could pull back towards weekly resistance
- looking to take this position as MACD indicates downwards movement
- Look for entry in 1Hr timeframe through Moving Average crossover or bearish candlestick pattern
