ZAR
USDZAR ANALYSISUSDZAR is forming Head and Shoulders pattern
Price is based below resistance level at 17.5150
Below SMA 100
RSI is in downtrend
We r waiting price to break next support level and HVN at level 17.3238 to open short trade
It's expected for coming bearish movement to target key level at 16.8155
USDZAR ANALYSISUSDZAR broke major downtrendline on H4 frame
Price broke key level at level 16.9040 with strong bullish movement
Price is above HVN level 16.6836
MACD shows bullish momentum
It's expected for the continuation of bullish movement to first target resistance level at 18.0000
then finally target supply zone at level 19.1875
USDZAR Bullish TrendIn Exotics price tends to move at 1. a higher pace & 2. a little bit of an unorthodox style meaning price does not always respect trends/ fibonacci/ market structure. However I will still be looking at this interesting zone to find a bullish entry due to my observations saying that this pair is OverSold.
USDZAR Trading PlanPattern: Channel Down on 1D.
Signal: (A) Bearish as long as the 1D MA50 (blue line) is intact, (B) Bullish if it breaks or the RSI enters the Buy Zone.
Target: (A) 15.500 (former Resistance and now Support), (B) 17.8850 (Symmetrical Resistance).
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EURZAR on a weekly support 🦐The market after retracing till the 0.5 fib level is now putting pressure on the weekly resistance in red.
If the market will manage to break and close below the structure we can look for a nice short order according with our strategy with a huge rr.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.