Usdzarlong
USDZAR LONG, if close above supply zonePlease Support this Idea with LIKE if it is Useful....
USDZAR
On the chart the market is trying break through supply zone up, if it manage to break up I expect the price to move higher to the nest supply zone.
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USDZAR 15.38290 -1.22% LONG IDEA * PRICE ACTION & CONTINUATIONHEY EVERYONE
Here's an idea on the DOLLAR / ZAR which broke out of the descending channel structure pushed down with the bears now looking for some correction of this move before continuation with the bears as the pair is overbought on most indicators.
as always for entries we scale down to smaller time-frames to determine entries and so forth.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
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 GET READY FOR LONGGet ready for long position. Stoploss will be at 15.51130 -> double bottom. Profit targets at fibonacci level 0,618 or much more higher. This can go to test even 20
Lets see
USDZAR 4HRS ANALYSISHello Traders, here is the analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USD/ZAR CLOSELY WATCH THIS PAIR, VERY VOLATILE BE VERY STEADY ON IN, IF YOU ARE A BREAKEOUT TYPE OF TRADER, PATIENCE!!.
DON'T CHASE IT, APPLY PROPER RISK MANAGEMENT IF YOU HEADING LONG WITH.
USDZAR Long - The One to Watch This Week I am expecting USDZAR to break out of its descending wedge formation as a bullish flag and is also oversold on the RSI . US Dollar Index also has an inverse head and shoulders patterns indicating further dollar strength this coming week.
Watch the price action at 17.27500 London open
TP1: 17.500
TP2: 17.72
TP3: 19.95
USDZAR NEXT TRADE SETUPAll the entries should be taken if all the rules of entries are applied .
Follow it for learning.
Do comment us we will guide you
USDZAR More upside to follow! Buy!DISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
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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