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RAND

Large Correction For More UpsideUSDZAR is currently forming a larger correction that I initially anticipated. This means that the correction that I had looked at before as being a 3 wave correction, was actually only wave 1 of the larger correction. Looking at the current setup, I expect price to break the low of wave one, market with the red line, before there is a reversal to the upside. I will be looking to enter the long when a reversal confirms but may look for smaller trades to the downside in the interim as well. Happy trading! Linton White JP Markets South Africa
by Linton_White
USD/ZAR ContraTrend Buy - Head and ShoudersThis is for educational and study purposes and does not constitute a signal but a study. Studying confluences for a contra-trend buy for this pair. We are in a sell trend, but this would be the retracement before continuation back down. Confluences are as follows: 1. Price is in a key demand zone as highlighted. 2. Trendline confluence on the higher time frame. 3.On the lower time frame H4 we have divergence. I will post this in the comments for your reference at a closer look. Trade at your own risk and if you do take this trade please remember to use proper risk management. Always put your stop losses in place. For this and more ideas inbox me to join my team of winning traders. You will also gain access to an educational platform where you will learn how to study the market and call your own profitable trade set ups. Feel free to like and offer comments. Also please be sure to follow this post and updates by clicking the follow link in the lower right corner and be sure to turn on your notifications.
Long
by mrsceleste
1
USDZAR - The Quiet Before the Storm! - Hey, hey, hey my fellow traders who love to trade the rand!! I've been a bit quiet on this pair and for good reasons: 1. My mother told me that if you don't have anything worth saying, to not say anything at all. The rand has been pretty much playing between ranges the past couple of days 2. A lot of the time, if not most of the time, we should spend time watching and waiting. We should study the markets to protect our capital. 3. I've been spending quite a bit of time with my team of traders, as we collaborate on different pairs in the market. We study, share, and study some more before we execute! Inbox me to learn how you can join my team by the way :) I think for the first time ever, if not in a long time at the current time I am neutral as to the outcome of this pair. It is very ok to stay neutral and watch to see how a pair plays out. This way you conserve your capital. You can scalp, but for my type of trading style the longer swing trade, I sometimes have to wait before I give an opinion of what I think. It matters to me what I share, as many depend on my ideas. I do have an opinion as to how price may go, but I am not ready to confirm just yet. I have a feeling that the upcoming news on tomorrow morning 7-3-19 will definitely push price in one direction or the other, which will open up this pair to more momentum, bullish or bearish This is what we see so far: 1. Price has breached the trendline on the higher timeframes as we can see. The trendline has supported price since February 2019. 2. Price is currently hovering around the 200 MA on the daily. This MA often serves as dynamic resistance or support for a pair. 3. Price is currently resting right at very key levels in the market, between the 50% and 61.8% fib levels. This is a very significant point I do want to share what I see could be two possible scenarios: TOP Chart For a possible short Depending on price action, we could see more bearish momentum to the downside. Check out the possible prediction based on a previous similar swing. BOTTOM Chart For a possible long Depending on price action, we could see more bullish momentum to the upside. Check out the possible prediction based on a previous similar swing. I added the prediction tool so that you could see that history sometimes repeats itself. We can sometimes attempt to predict price movements in either direction. For now lets watch and wait! No need to risk your capital unnecessarily. If you want to gamble, do so in demo. I would love to hear your thoughts! Comment below ! Please check back for updates and like and comment. Also please be sure to follow me on Instagram and Facebook (links below). You can also join my team of traders. I have team members in South Africa and other countries who I can put you in touch with. We all study and win together. We also share signals. The educational platform pays off!
by mrsceleste
CHF/ZAR SHORT TERM SWING IDEAThis idea is for educational and demonstration purposes. Please refer to the last post that's linked to this post where I gave the idea of a teacup for this pair. Please note that this is a lesson in that although we may have a trade idea, we must watch action and follow it out swing by swing. Although the teacup is very nice and pretty; prettiness doesn't always play out in the market :) . This short term idea could give us another 500 pips. So with that said, here is a short term idea. We see a sweet spot for price is the key zone that is noted. Watching for price to pull back to this key zone, and from there we will see where it takes us. Trade at your own risk. Be sure to like and follow me on Instagram and Facebook (links below). Better yet inbox me to join my team and educational platform where you will get the best education, more support and other trading ideas. Our educational platform is world class and you can learn to trade the markets like a pro. See linked idea below as well for long term idea, which we discussed does not have to happen. It's simply a pretty idea..if it does happen cool. If not, we will react to the market accordingly.
Long
by mrsceleste
2
CHF/ZAR POTENENTIAL TEACUP - WATCH PRICE ACTIONThis is not a signal but is for educational and demonstration purposes only. There are no guarantees this idea will play out. We must look at price action along the way. Here are a few confluences I see so far for the short term (they are not confluences for the entire idea; we must watch along the way and take what the market gives us. The teacup is not a guarantee is what I'm saying. We have to look at what the market is doing, not what we want it to do. Watch price action. But for the short term trade possibility: 1. Price pulled back to 50% key fib level. 2. Wick rejection at 200 MA on the daily; this 200 MA possibly serving as dynamic support. Trade at your own risk. Watch price action on lower timeframe for your additional confirmations before entering.
Long
by mrsceleste
CHFZAR KEY ZONE STUDYTHIS IS NOT A SIGNAL BUT AN EDUCATIONAL POST FOR STUDY PURPOSES. If you enter this trade you do so at your own risk. This study allows us to watch price action as it approaches a key level in the market. We watch to see if price will respect this key resistance zone, or if it will reject it and continue upward. This pair can be correlated somewhat to USDZAR in terms of market structure. If price rejects this key level I would look to sell to the trendline which also happens to be confluent with a key fib level in the market. . Trade at your own risk.
Short
by mrsceleste
USDZAR Short IdeaThis is a short term trade idea for educational and demonstration purposes. Price is not obligated to reach these areas. Always use proper risk management. Trade at your own risk. We have two possible take profit zones. TP Zone 1 : Approximately 225 pips TP Zone 2 : Approximately additional 200 pips TP Zones may or may not be reached. This is simply an idea. Please continue to study price action. Please like and offer comments. Please also follow me on Facebook and Instagram (links below). Be sure to follow this trade idea by clicking the follow flag in the lower left corner. Also in your notifications be sure to click the follow ideas button to follow the comments I will make on this idea as the trade goes on. Happy Trading!
Short
by mrsceleste
Is USDZAR A Little Teacup? Humor Me!This Is An Educational PostI will keep this post short and sweet or at least I will try. If you kept up with my comments on my last post about this pair (see linked idea below), you were reminded to watch price action to see if a short would come into play as an option. We did this to study zone to zone. The comments also provided updates on why as we went further along I was not inclined to enter a short. I hope as you studied as educational, that you did not execute, but just study. Now on to this study, which is for educational purposes only. I must remind you to not enter this trade but always do your own analysis and confluences as you trade. This is not a signal but an educational study. If you choose to trade this, you do so at your own risk. Here is what I'm seeing: 1. This pair is looking awfully bullish as it runs through the key level of resistance, where price action is currently (refer to my last post..linked below) 2. Now we know that this pair always gifts us with sharp pullbacks. I am by no means implying to enter a long and ride it out to Rand$16. Know there will be pullbacks in either direction we go. 3. If we break through the area of current resistance, we are well on our way to the next level of resistance. It is too early to tell but if this happens, I will say that this pair will start to look awful teacup-ish! 4. It's not out of the question that the rand cannot reach this price given the underlying fundamentals. 5. Remember that key level in the market I noted in my last idea (see related idea below). Well that happens to be the 50% fib level from swing high to swing low, which if met is the perfect condition for the completion of a handle. Again, I'm not calling this trade out but it's definitely something to watch. I'm not labeling this a long or a short on purpose because it could be a long to Rand$16 and then it could turn into a short back to Rand$14.5. This is analysis for study purposes. I will say though that if price hits Rand$16 I would definitely be looking for a short. In the short term I would continue to watch price action for signs of pullbacks/reversals and take short term trades. I will continue to provide updates as we go along. I just wanted to share! Please offer your likes and comments. Also please follow me on Instagram and Facebook (links are below). I am totally loving sharing education on Forex and also my favorite pairs are exotic! Very important, to get updates on this idea, click the follow flag in the bottom right corner of this idea and also in your Notifications, click that you want to receive notifications for my ideas (you will have to follow me first). This way you will be sure to get timely updates. You must make this option in your Notifications settings Happy Trading! Keep it safe and always use proper Risk Management
by mrsceleste
2
USD/ZAR Could the Rand Recover Soon? WARNING: READ ALL CONTENTSPlease let me preface..this post is for educational purposes. It does not constitute a signal. It is a study. If you enter this trade you do so at your own risk. This pair is extremely volatile. Please read this post in entirety DO NOT place a short on this pair until you see confirmation that this idea is coming to fruition. Right now we are far off and I am looking at this from a very high level. From a High Level Fundamentals Standpoint The rand is still under significant pressure and has reached a weekly low that has not been seen since October 2018 . .Economic data released are not helping the rand to gain strength. However, at any time, positive changes can be made whereby investors could gain more confidence in the state of the economy and the rand can strengthen. From a Technicals Standpoint Important things to note: - This pair has touched highs on all levels (monthly, weekly daily). However, this does not mean that this pair will not trade higher. I have noted a current key area of resistance. I say current for the main reason: market dynamics. The market is dynamic and changes on a daily basis. As we study price action and as the market moves the market has the ability to reach new levels of resistance and support (as we have seen over this past week). So with that being said, what is a current zone of resistance can change somewhat from day to day even. - I have used several confluences to mark a relatively important key area of support. Will the market move to this point over the next days or weeks, it is not promised. But I will note that this area is a key area. - We see market structure, and it's currently being contained in what appears to be the makings of an ascending wedge. HOWEVER , at any time, price action could breach this structure to the upside (refer back to point #1) ..I hope you can see the cycle and level of uncertainty involved. What I do encourage us all to do: 1. Study price action. Price action will give us an idea as to the sentiment of the market 2. Study the market for key levels, which I mentioned can change. 3. Study candlestick analysis so that you can recognize significant changes as they are occurring in the market. 4. Study the market for confluences. 5. Keep fundamentals in mind. The fundamentals give us an idea of the overall economic conditions which impact our trading decisions. 6. Although we keep fundamentals in mind, nothing trumps market structure . I always say, know the fundamentals, but know even better the technicals. 7. IMPORTANTLY FOR THIS PAIR : enter trades at key levels in the market. This way you have the most favorable risk to reward set up. We know this pair is volatile and the pullbacks alone can have you rethinking your trading decisions. 8. VERY IMPORTANT ALSO Always always always, protect your capital. Use stop losses and manage your risk. Do not over leverage no matter how good a trade idea looks. Building your account slowly is the best way to stay in the market for tomorrow and the days to come. Thanks for reading; please like/comment and also please follow me on Instagram and Facebook (links below). Please also check out my previous analysis on some of my favorite exotic pairs. Exotic pairs are my favorite! PLEASE FLAG THIS POST IN THE BOTTOM RIGHT HAND CORNER TO GET UPDATES ON MY COMMENTS ALONG THE WAY. YOU MUST FOLLOW NOT ONLY ME BUT THIS IDEA FOR NOTIFICATIONS.
Short
by mrsceleste
USDZAR Long PossibilityThis idea is for demonstration and educational purposes only. I suggest If your account can handle the risk for this idea, it would be a great set up. Possible 700 plus pip reward.For demonstration, I placed my stop loss above the key of support as noted. I do not recommend this, but if you wanted to stand a little bit more risk you could allow more room for your stop loss closer the level of support below. THIS IS RISKY which I don't recommend. Always follow your rules for proper risk management. The trade could very well not play out, so always follow your rules including your stop loss. I used various confluences to come up with this idea. But it is very important to note that the market is always subject to volatility and change, especially with the instability of the rand. I trade this pair quite a bit, so check out my previous analyses on why I have come to this idea. I am linking an idea I had below from April 2019 where a bull run was suggested. If you take this idea; trade at your own risk and use proper risk management.
Long
by mrsceleste
USDZAR Long Possibility - Can the Rand Withstand the Pressures?First let me preface this by saying I am always a student of the markets. My analysis is an educational study and is for demonstration and study purposes only. We must study the market closely and understand that market conditions are subject to change. Thus, I say, as always, perform your own analysis and trade at your own risk. Always use proper risk management. This idea does not constitute a signal. Fundamentally, we have many things to consider and more uncertainties to come which has caused the rand to weaken. South Africa has many fears relating to both pre and post-election which continue to linger, including maladministration and corruption; unemployment, housing, and energy concerns. To top it off Moody's issued a strong warning last week that the country was fast slipping into junk status as continuing structural weaknesses and rising debt overran South Africa’s ability to service its obligations. This week we can expect some key economic data to be released related to CPI and the South African Reserve Bank policy review. We won't know this data until it is released later this week, which also plays a part in rand performance. These events will likely cause some slight volatility of the rand. On the bright side, the nation stands hopeful and looks to Ramphosa and his administration to turn things around for the better. Now for the technicals, please refer to my last trade idea (see link below), where we hit take profit after a double bottom and bull run. I am hopeful to see a slight pullback to the area noted and possibly a break to the next area of resistance in the short term. My analysis is based on a few confluences such as fib retracements, fib extenstions, and we also see price is currently sitting above the 200 MA, which is shows us that there are still buyers in the market. We see price being contained so far within an ascending channel as noted as well. After a brief retracement, I hope to see a bounce off a key level in the market, with the 200 MA still being a form of dynamic support, to take us to the next high. Again, and as always, trade at your own risk. This idea is for demonstration and educational purposes. For updates please follow me on Instagram and also Facebook (links are below). Please like and share your thoughts as well.
Long
by mrsceleste