USD ZARWe see a head and shoulder developing on a USDZAR daily chart, we anticipating for a small buy before the big drop, see the targets on the chart.
ZAR
Short Setup on USD/ZAR by ThinkingAntsOkMain items we see on the chart:
a) Price has broken a Wedge formation
b) After the break out, the price formed a pennant pattern
c) Pennant patterns are considered continuation structures
d) If the price breaks down the pennant pattern we will use Fibonacci retracement levels, to define our TP1 and TP2
Based on the previous items, if price breaks down below 14.18 we expect a continuation of the bearish movement towards first Fibo “1.272” and then to the second Fibo level “1.618” at 13.75500
Daily vision:
#USDZARResistance and support are specified
The time range is specified
The price is stuck between resistance and support
Be very careful about your movements;
The probability of completing the pattern is to drop
USD ZAR SELL (US DOLLAR - SOUTH AFRICAN RAND)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
ABG out of sideways consolidationJSE:ABG has broken out of the sideways consolidation that it has been trading in. It has also broken through a fractal and is looking good for a long position.
SHP breaks out of symmetrical triangleJSE:SHP has broken out and confirmed on a symmetrical triangle pattern. It has also broken above a fractal. This is a good sign for a long position.
Anglogold Evening Star PatternJSE:ANG has formed an evening star pattern which is a top reversal signal. I will wait for it to break below the 18th of June's candle.
After a preceding up trend, 2nd real body must be above the 1st and 3rd candle bodies. The 3rd candle must close below 50% of the 1st real green body. Colour of the small 2nd real body doesnt matter.
OMU Multiple Signals for LongJSE:OMU has broken through a fractal and is continuing upwards with strong momentum.
Along with this, the stochastic and the MACD have both turned up and the EMA's are crossing which are all signals to go long on our trend-following momentum strategy.
NPN ShortJSE:NPN has formed a bearish harami and has broken through an ascending support level. I will enter this short if it breaches the fractal that formed on the candle of the 13th of June.
Naspers long on Trend Following Momentum StrategyJSE:NPN has triggered a long position on our trend-following momentum strategy. Be cautious with this one, as it has been going up for quite a while and might be due for a retracement soon.
MND bearish engulfing shortJSE:MND has formed a bearish engulfing and is looking good for a short position.
MND LongJSE:MND has broken through a descending resistance and a fractal which is a good sign for a long move. On top of this, there was recently a bullish engulfing candle which is a further sign of an upward move.
INP close below supportJSE:INP has closed below an ascending support level. I will wait to confirm before entering a short.
BHP broken through supportJSE:BHP has broken and closed below an 8-bar ascending support level. I will wait for it to confirm, but looks good for a short position.
AMS Bearish Engulfing at ResistanceJSE:AMS has formed a bearish engulfing pattern at resistance levels. Looking good for a short position
AGL Short opportunityAfter a very successful long trade, JSE:AGL has now formed a bearish harami signalling a short. I will wait for this to confirm before entering.
AGL breaks out of parallel channelJSE:AGL has broken out of a parallel channel that it has been trading in for almost a month. I have entered a long position due to this breakout as well as breaking higher that the last fractal
USDZAR: 1D Channel Up. Buy.The pair is trading within a 1D Channel Up (RSI = 56.302, MACD = 0.105), currently on its Higher Low zone (Highs/Lows = 0.0000). This is an ideal opportunity to go long on the next +5% leg. TP = 15.40000.
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$BTCZARBTCZAR
Is up 200% from early this year. Testing resistance in 140k range.
Indicator still to cross zero.
Looks like more upside for BTCZAR.
