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USDZAR

USDZAR 14.67900 + 0.57 % LONG IDEA * PRICE ACTION AND STRUCTURE Hey everyone Here's a look at the DOLLAR / ZAR from the 4H perspective Hope everyone is good and having yourselves a good weekend. * The pair has been ranging at the base of a descending channel even saw a break below of the structure. * This is until that impulse move with the bulls which saw a correction in the form of a bull flag. * Looking to see continuation with the bulls so basically looking for a break above of structure to see continuation with the bulls. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
USDZAR, the 200 WMA does it again and again. #USDZARI don't want to spoil the party for the ZAR bulls, but what has popped up in my analysis for years is how sticky the ZAR is to the 200 week moving average (WMA). Look at the blue boxes i have highlighted and it is not difficult to see how often the rand retraces back to this 200 week ma before weakening. This moving average almost feels like a magnet that brings price back but then loses all its force once it gets close enough. Also watch the positive divergence on the RSI which could be another clue. This chart seems to support my technical view on the DXY chart i just posted and i would thus expect the Rand to weaken against the dollar if that view plays out. Watch for a break above both the channel and horizontal level at approximately 15.25. If we get a weekly close above this level, then you we can expect the ZAR to once again be on the back-foot going forward.
Long
by MarcoOlevano
USDZAR// Long OpporunityFirstly, if your broker doesn't have a decent spread that you think you can work with, forget about this. Price is currently at an area of strong S/R. I see an M formation. Multiple Harmonic Patterns have completed from this area, others well within PRZ. With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL. Open to other opinions.
Long
by N0ST0PL0SS
1
USDZAR 14.706526 -0,1 % LONG IDEA * STRUCTURE & PRICE ACTIONHELLO EVERYONE Hope the market has been good to you this week & hope you are having a great one, here's a look at the DOLLAR /ZAR from the 4H chart looking at price action and structure now the pair is trading at the floor of the descending channel now the RAND has had some great days against the dollar in the past couple of weeks but looking at the descending channel the structure has been respected and act as a correction to an impulse move which signals continuation with the bulls looking for structure to hold on the pair. PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN as always many stars must align with the plan before executing the trade, kindly follow your rules. AND AS ALWAYS PERFECT OPPORTUNITY FOR INTRA-DAY TRADE EXECUTIONS AT THE ROOF AND BASE OF STRUCTURE WITHIN THE FLAG. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
2