Usdzarshort
USDZAR Short ideaPair is showing change in direction with the reversal structure its making.
Bigger picture structure ascending wedge with abcde correction, price at (e) preparing to start trending.
smaller m15-m30 stucture @ (e) correction is a triple top, price recenty broke neckline of triple top in m30 and is currently coming for retest, more downside movement on the way
USDZAR Short ideaThis pair has made 4h & 1H reversal pattern. A bigger picture ascending channel with abcde correction & a smaller reversal pattern, (within the bigger pattern )1H Ascending broadening wedge/ or you could say its also a ascending channel.
Price recently rallied down and broke the smaller 1H stucture (ascending channel/ ascending broadening wedge), price made a retest and now may continue going further down after retest.
First sell is exactly up there @ retest of smaller stucture.
/or Second sell @ break retest of bigger picture structure descending channel
1st Takeproft @ 15.56496
Will Punlish other sellers from there as they come.
USD/ZAR - Could a DROP be In Sight Short Term? This study is for demonstration and educational purposes. We see the possibility that bulls are losing momentum as price reaches the current key zone as noted. Additionally we see formation of possible ascending wedge, which techincals tell us that we could be in for a droop. Price action at current key zone as noted is key. Will price reject attempts to rally past this level? This idea is not for short term as there is a lot of price action that occurs between zones. It could take a while to play out, as price action may consolidate between top two zones before the possibility of dropping further. A very key fundamental is at hand, which is Moody's Credit Rating which is scheduled to be released on March 27, 2020.. If the rand is declared to be junk status all bets are off for shorts and I would expect to see prices surge even possibly to $16 and above.
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USDZAR H1 bullish channel.H1 and H4 showing a bullish channel with a possible channel break and retest. Retest may or may not present itself as a head and shoulder pattern or sideways movement followed by subtle stop hunt high and drop. D1 order blocks insinuate that we have trapped volume in the buy and so the bullish trend on lower time frames may be seeing an imminent end!
SPOTS TO LOOK OUT FOR ON USDZARI have been on the sideline watching how things are playing out.
Lookout for price at 14.55 and 14.31, Price could break or respect it.
usdzar sell opportunityhello traders,thank you for looking at my idea. As we can see on the chart above,it seems like price just hit an extreme point but
for a safe entry we will first wait for a pull back then sell the break out of the level indicated.
USDZAR W5 JAN 2020Have been shorting this since last year and it’s still a bear. 14.54988 represents a critical support and resistance zone. price bounced and rejected off this level multiple times. At H4, price broke the ascending trendline and has pulled back, CMP currently at 61.8% fib level.
If price breaks above 15.00000. setup will no longer be valid
USDZAR SHORT for next week. LONG for next month.I think the price will slowly fall down till 50% or 0% of Fibonacci level during the next week and will jump back to R15 level (161.8% Fib level) by the end of February.
USDZAR short ideaI'm anticipating a Double top on USDZAR h4. The pair broke the trendline signalling a potential move to the downside. Now we wait. RRR is 1:3 but, I think we can hold longer.
DO THIS, IF YOU ARE NOT IN YET2,500 pips on two position secured in the bag already, if you are not in yet, look for a possible pullback to enter.
My 3rd position is still active, i will ride it down.
If it pulls back, slam it with another entry!
A safe trade on USDZAR!If it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
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USD/ZAR Short Opportunity and NEW $19 USDZAR SUBSCRIPTION ZONEPlease refer to the idea linked below for study as it relates to this idea.
This idea is for demonstration and educational purposes and does not constitute a signal to sell. We see strong wick rejection at a key level and also the 200 MA serving as possible dynamic resistance. We do know that for the past three weeks we have seen bullish momentum building. We do see that we have wick exhaustion building for at least a short term drop . This sell opportunity may hence not be very long. We must study price action at key levels as noted to see how we should respond.
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USDZAR SELL SETUPWe got a really good confirmation on this one, we got a descending trend line, converging with a broken ascending line, a .61 FIB level, a retest of the old broken support zone and two good candles rejects at those points. To get a good and secure entry point i would like to see a close below of that 4H timefram line and support (14.4300)
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SELL USDZAR (Wait for Retest)USDZAR is still on a downtrend and after the price was pushed up to R14.5 and rejected from the zone.
Sell is looking good even if you pull out your fib.
Technically USDZAR is a good sell and put in mind that South Africa economy is in a real mess in recent time and the US market opens on Tuesday,
All things good, i see USDZAR selling to R13.9
Trade with caution!
USD/ZAR: Swingtrade-OpportunityHey guys,
just an idea and inspiration for you. ;-)
Seems like we continue the downtrend.
USD/ZAR : Sell on Pullback ConfirmationTrend going down making lower lows continue, Sell Expected on Pullback
USDZAR SELL COMING??????The chart patterns forming are clear as shown in the chart but I am mostly interested in the COT report, banks are holding longs on the ZAR yet we have been seeing a bullish move in the last week or so, a DROP IS CLOSE WE CAN GET A DOUBLE TOP along the trend line, SO BE ON THE LOOK OUT
