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USDZAR

Triangle On USDZARUSDZAR is trading with a triangle and price is approaching the end corner of the triangle, indicating that a strong bearish or bullish movement is coming soon. Traders should wait for the market to move and give a valid entry, pointing towards a clear direction. At present, price is near a support zone and a supportive trendline, presenting a good probability long for bulls. Do not trade based on your (or anyone's) predictions, rather wait for the market to move and react to it. Patience is key, this is not a short-term trade. Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated. Best of luck traders!
by sharaafatm
2
USDZAR 16.94610 - 0.29% SHORT IDEA MULTIPLE TIMEFRAMESGood Day Everyone Here's a look at the USDZAR pair from a multi-time-frame view MONTHLY * Starting with the monthly time-frame we see the pair respecting the Fibonacci retracement structure, we saw a rejection just below the 50 % fibonacci level pushed up to 38.2 % fibonacci level now we are having a strong bearish move on the pair looking for continuation of the move to the downside targeting thhat 50% fibonnacci level ( 16.62489) so from the monthly perspective the sentiment is bearish for me. WEEKLY * Coming to the weekly the sentiment is still the same we trading between 38.2 % & 50 % Fibonacci retracemnt levels on a bearish momentum the pair is in a descending channel which just retested the roof of the structure and was rejected pushing down and the channel holding thus far so the sentiment still bearish on the pair.. DAILY * Moving down to the daily chart the pair is still trading in that descending channel we also see a pennant formation which might signal continuation to the downside. looking at bearish opportunities on the pair for continuation of the move targeting resistance level 16.30190 Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE TARGET 1 - 16.6115 TARGET 2 - 16.30190 __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
UPDATE!! USDZAR another selling signal on the go 🦐After last call on this pair the market is giving us another selling signal. Price manage to break the structure in yellow during the past trading days and retested the structure, as soon soon the price will break and close below the blue structure we can look for another selling order according with our strategy rules. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
USDZAR BuyTrading is not 100% knowing where the market will go to but it sometimes means with proper fund care you can enter special opportunities such as this one. Price is at Support deciding to break above its local minor resistance which gains my interest, I believe price may struggle to push ahead certain price ranges but confident that the Greenback will push ahead knocking out Sell Order. Entered Bullish in this trade at its exhaustion, left some key notes on this chart.
Long
by RiosTrades
1
Update on USDZARPreviously we were interested in shorting USDZAR. The take profit was hit on the USDZAR Short (2.78%) and now we will wait for another opportunity to present itself. USDZAR is rapidly approaching a supportive trendline, presenting a opportunity to go long at the trendline. However, traders should also be aware that USDZAR is also following along a resistive trendline, meaning that USDZAR could break below the supportive trendline and continue heading down. Once price is at the supportive trendline, we will monitor it and wait for a good opportunity to present itself. We will only open a position if price action gives us a valid entry. Be sure to follow me for more ideas and analyses. Best of luck traders!
by sharaafatm
USDZAR 17.29250 -0.3% SHORT IDEA Good Day Everyone Here's an idea on the USDZAR pair which has been trading in a descending channel and rallied up in an ascending channel within the descending structure looking for a rejection in the descending channel and a break below the ascending channel to trade with the bears on the pair, a break below the ascending channel will signal this short position should the plan be satisfied... _________________________________________________________________________________________________________________________ entry & sl - follow you rules RISK-MANAGEMENT PERIOD - DAY TRADE TARGET - 16.9034 _________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Short
by PULEMokhothu
Looking To Short USDZARUSDZAR is currently trading upwards towards a strong resistive trendline and a resistance zone. Once price reaches the resistive trendline and the resistance zone, bears can look to go short if price action presents a good opportunity. A stop loss would be placed a few pips above the resistance zone, and the ultimate target near the supportive trendline. This would provide a nice risk to reward ratio of 1:3 A more conservative approach to the short is to wait for a break of the counter-trendline (green trendline on the chart), and open a short thereafter. If price fails to reach the resistive trendline, traders can go short upon the break of the counter-trendline, although the risk to reward is poorer. Take your trades based on price action once it gives you a valid entry. Do not enter your trades blindly. Be sure to follow me for more ideas and analyses. Best of luck traders!
Short
by sharaafatm