SELL IDEA Hello team, we currently spotted a head and shoulders at supply. with a great risk to reward shorts are recommended. kindly leave a comment
Usdzarforcast
Continuation Sell SetupLooking for further USD weakness
Reward/Risk: 2.38/1
Entry: 14.5041 or at a higher price
Stop: 14.7600
Target: 13.9300
Quantitative Models > Narratives
usdzar h4 detailed price action Hello team, price broke our trend line and has created a sideway trend. lets focus on what price and structure.
USDZAR (SNIPER ENTRY SETUP)USDZAR we will only buy when price reaches the support zone don't be impatient chasing the sell move right now
USDZAR Trading PlanpatternBy following the D1 TF and by zooming out, it's clear that we have a CUP AND HANDLE validated pattern, please just follow the path to trade
USDZAR Trading Planbased on charts patterns, and price action strategy, it is clear that by following the move, consistent profits can be made.
good luck to all
USDZAR Buy SignalPotential bullish move for this pair. A falling wedge formed and is indicating a an up trend after the we saw a bearish impulse move. Together with the latest lockdown restrictions in South Africa.
USDZAR NEXT POSSIBLE MOVEUSDZAR is already over sold and but there is more vision about sell as you can check in the weekly candle i will be retouch the 140.0000 but for medium term is should be retrace back their is a possiblaties as well.
entries should be applied if all the rules are applied.
do comment or Dm us
Possible entry point at $14.50 0.618 Fibonacci RetracementPossible entry point at $14.50 0.618 Fibonacci Retracement
USDZAD LONG - PRICE HAS REACHED WEEKLY TREND LINE AND SUPPORT!Price has been moving with strong bearish momentum on the weekly chart since we broke out of the support area in early November. We have now reached previous weekly support and a weekly trend line and if we see a strong shift from the bears to the bulls we could start to see the overall bullish trend for USDZAR start to resume again and give us a swing to test the previous support, now turned resistance that we broke out of in early November.
USDZAR NEXT POSSIBLE MOVEThe ZAR has been extremely resilient after the Covid19 selloff earlier this year when we saw R19+.the current levels look attractive long term to take USD/Offshore exposure to maintain the technical trend then it will be on sell .Stock markets under fears of new lockdowns due to the rising virus cases The strong Selling on the Stock markets upon the hearing of tax news, is a Bullish mix and it has to rebounce back . Given we are back to levels pre-Covid19 with a poorer performing economy, higher unemployment and debt levels etc..
USDZAR NEXT TRADE SETUPUSDZAR short :
All the entries should be applied if all the rules are applied.
