LONG POSITIONUSD/ZAR ;TECHNICAL
FORECAST:BULLISH
Taking a closer look at the 4 hour chart, we see the continuation of the bullish momentum.
But we have 14.50 as the next significant level of support. that we should be aware of
there's a possibility that price can retrace back to that support level
If you find this helpful and want more FREE Updates on Tradingview
Please show your support back,
Hit the 👍 LIKE button,
Drop some feedback below in the comment!
Your Support is very much appreciated!
Usdzarlong
USDZAR Intraday/ScalpYour entry criteria is also your reason for exit. Luckily, our TP was hit and immediately, started forming a falling correction. If this forms in a downtrend, 90% of the time, price is going to reverse. My second confluence is the divergence on my RSI. My third confluence is the 8 & 14 EMA cross over on the M15. Another confluence is the trendline violation. So all in all we had 4 confluences supporting the entry. Another bias here is, the setup is exactly similar to my previously posted setup on Gold.
Risk:Reward Ratio is 1:3
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
usdzar 28.07.21if our daily support manages to hold and we have a bullish candle close, we might see price push higher to the top/resistance of the range if you can see it. from there, if price manages to break we should see price push higher to complete the daily wickfll on the left and that is the daily resistance. price has been bullish for the past two weeks and if nothing dramatic happens it can continue possibly creating a monthly range.
USDZAR LONG on a Geopolitical and Technical basis #ZAR I have bought USDZAR. FX:USDZAR
Civil unrest has erupted in South Africa after the arrest of former president Jacob Zuma.
The currency pair has been in a downtrend since April 2020 and has just broken the downward channel to the upside.
I prefer trades with such a confluence of factors working in their favor. Let's see how this plays out.
- Sure Capital
USDZAR Looks Strong Bullish We have seen USDZAR price was falling like Skyfall the last couple of weeks, and all the Bear was enjoying the fall, but now it's Bull time. If you closely see the USDZAR daily time frame, it's already breakout the downtrend channel and creates a good reversal umbrella pattern. Right now, it consolidates the support level, which is good for me for further up. We are expecting to see the price once again 15.20000.
USDZAR 14.28480 + 0.17 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
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.
USDZAR 14.28480 + 0.17 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
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.
USD / ZAR * TECHNICAL BREAKDOWN SWING IDEA STRUCTURE & PRICE ACTHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR.
* LOOKING AT THE DOLLAR ZAR FROM HIGHER T/F LOOKING
FOR DIRECTION, STUCTURE & SENTIMENT WE SEE THE PAIR
HAS BEEN TRADING IN AN ASCENDING CHANNEL RESPECTING
STRUCTURE TO AN EXTEND.
* POSSIBLE SCENARIO 1 - WE COULD SEE A BREAK BELOW / FAKE OUT
TESITING SUPPORT LEVEL 11.53256,
OR SCENARIO 2 - STRUCTURE WILL HOLD AND WE'LL SEE THE DOLLAR
REGAIN STRGHTH AGAINST ZAR. ONLY TIME WILL TELL
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
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.