Get started

Usdzarshort

USDZAR clean breakdownThe pair is at a very important area of resistance from where it has bounced in the past (green circles) and has failed to break it in all 4 occasions that has tried. It has also entered overbought territory. Furthermore, in that bullish movement seen the last few days, the support area at 14.6 has not been restested and that is a major support. Lets look at the 4H chart: We see a few things that give me if not huge bearish signals, a very good R:R ratio : 1) Huge RSI divergence ( marked by purple lines ) 2) Price at area of resistance and looking like a triple top 3) After the clean move up yesterday there is no support at all until the 15.12 area where the MA50 will come into play 4) Doji on the last 4H candle what means indecision 5) Once we hit MA50 we will monitor how the pair reacts How am I planning to play this trade? I am looking at a very aggressive entry on the H1 chart: We see that the pair has failed to break the resistance recently in multiple occasions (green circles) and the last attempt was very weak. I am looking to entry when that minor area of support at 15.3577 is broken with a SL just above the highs. Profit Targets will be the MA50 on 4H at around 15.12 and the main support at 14.6 Trade safe!
Short
by MicKi
USDZAR LONG EDUCATION The Power of TrendlinesHello to all watching my charts Here i will tell you (again) the power of trading broken trendlines for example in USDZAR a little bit exotic pair but its interested that here also this trading type will get very positive results. Lets have a closer look to the last 2 Month from 7. June to 7. August Now what happens: 7.6. USDZAR broke the first long trendline (if you count from left to right) SHORT 14.900 5.7. USDZAR broke the second (short) trendline LONG 14.200 + 700 10.7. USDZAR broke the third (long) trendline SHORT 14.060 - 140 26.7. USDZAR broke the forth (short) trendline LONG 14.200 - 140 7.8. Situation is still long at 15.000 + 800 So in total ist PLUS 1220 !! Thats really impressive i think and all with only 4 trades in 2 month. I will tell you this in the future on my website which i do hope will be ready soon. Good trades If you want to support my work and my charts please like them.. Renkotrade
Long
by Renkotrade
USD/ZAR: Swingtrade-Opportunity!#Sell on h4Hey tradomaniacs, welcome to another free signal! Important: This is a risky trade! Not more than 1% risk here! :-) ----------------------------- Type: Swingtrade Sell-Limit after break below: 14,83400 Stop-Loss: 15,02145 Target 1: 14,53143 Target 2: 14,39368 Target 3: 14,25285 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2