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ZAR

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. ––––– 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.
Short
by InkyGrip
USDZAR short setupAfter Wednesday's bearish outside day, this could be a nice opportunity for those looking to get short. Price now firmly below D1 cloud with all 3 lines supporting the break. Stop loss placement depends on risk profile with a case to be made for several levels, yesterday's high (17.21), recent swing high (17.53) or even above D1 cloud (around 17.75). I prefer a tight stop above yesterday's high at 17.23 as have little appetite to sit in a losing position and EM risk could return quickly. Nice positive carry for being long the Rand too
Short
by DCheethamCFA
UPDATE!! USDZAR another selling signal on the go 🦐After last call on this pair the market is giving us another selling signal. Price manage to break the structure in yellow during the past trading days and retested the structure, as soon soon the price will break and close below the blue structure we can look for another selling order according with our strategy rules. ––––– 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.
Short
by InkyGrip
USDZAR BuyTrading is not 100% knowing where the market will go to but it sometimes means with proper fund care you can enter special opportunities such as this one. Price is at Support deciding to break above its local minor resistance which gains my interest, I believe price may struggle to push ahead certain price ranges but confident that the Greenback will push ahead knocking out Sell Order. Entered Bullish in this trade at its exhaustion, left some key notes on this chart.
Long
by RiosTrades
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