USDZAR 17.13930 - 0.69 % SHORT IDEA * TREND CONTINUATIONGood Day Everyone
A look at the DOLLAR / ZAR that has been trading in a descending channel hitting LH, LL looking for a continuation of the trend with the bears on the pair in the coming week looking for a break below support level 17.07766 trading below this level will trigger the trade and we'll be short on the pair.
we'll see how it goes...
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES
TP 1 - 16.95705
TP 2 - 16.71227
SL - 17.34574
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDZAR
USDZAR Buy Trade Setup for Intraday/Swing TradeUSDZAR Buy Trade Setup for Intraday/Swing Trade
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
USDZAR NEW ANALYSIS !Hi Traders, here is the full Video Analysis / Breakdown for USDZAR.
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USDZAR ANALYSISUSDZAR is forming Head and Shoulders pattern
Price is based below resistance level at 17.5150
Below SMA 100
RSI is in downtrend
We r waiting price to break next support level and HVN at level 17.3238 to open short trade
It's expected for coming bearish movement to target key level at 16.8155