CHF/ZAR Short Term UpwardsCHF/ZAR has been dominated by the bears for a bit of time. We see that it takes a break for the short term.
Entry: 14.385
Stop: 14.33
First target: 14.52
Final target: 14.60
I wish everyone a happy New Year!
CHFZAR trade ideas
CHFZAR ShortGoing Short After Breaking the trendline and confirmed (the breakout) By the MACD in the weekly frame
Tp1: 13.65
Tp2: 13.31
Tp3: 12.82
CHF/ZAR Midterm PlanCHF is surging to new higher levels in midterm levels.
Entry: 14.65
Stop: 14.50
First target: 14.93
Second target: 15.27
We take half profit in the first target and move our stop to our entry price (14.65), then wait for the second target to hit.
Long CHFZARBuy at R14.82 with a stop at R14.50 and a target of R15.75 for an close on 3:1 reward to risk trade. CHFZAR bounced of support and turned on oversold levels.
1D CHF/ZAR SHORTCHF/ZAR has broken down outside of an ascending channel.
If price retests the resistance, I will be looking for a short opportunity.
Chf/Zar possible H&S / Cup & Handle. either way bullishHello Traders. This is Fdz Bringing to your attention my analysis on the Chf/Zar pair.
I spy with my eyes a completed Inverse Head & shoulders turned into a Cup & handle. both patterns are bullish.
retest/handle seems complete. might rally when reports are released. Im placing my stop under the shoulders.
Tp in place. Happy trading.
CHF/ZAR Bullish Flag I see a bullish flag on CHF/ZAR as well. Signaling a Long posistion. Expecting a nice spike soon.
CHANNEL BOTTOM AND CYPHER PATTERNCHECK LOWER TIME AND TRAVEL TO THE D POINT OF CYPHER
REFER CHART FOR DETAILS
CHF/ZAR SHORT TERM SWING IDEAThis idea is for educational and demonstration purposes. Please refer to the last post that's linked to this post where I gave the idea of a teacup for this pair. Please note that this is a lesson in that although we may have a trade idea, we must watch action and follow it out swing by swing. Although the teacup is very nice and pretty; prettiness doesn't always play out in the market :) . This short term idea could give us another 500 pips.
So with that said, here is a short term idea. We see a sweet spot for price is the key zone that is noted. Watching for price to pull back to this key zone, and from there we will see where it takes us. Trade at your own risk.
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See linked idea below as well for long term idea, which we discussed does not have to happen. It's simply a pretty idea..if it does happen cool. If not, we will react to the market accordingly.
CHF/ZAR POTENENTIAL TEACUP - WATCH PRICE ACTIONThis is not a signal but is for educational and demonstration purposes only. There are no guarantees this idea will play out. We must look at price action along the way. Here are a few confluences I see so far for the short term (they are not confluences for the entire idea; we must watch along the way and take what the market gives us. The teacup is not a guarantee is what I'm saying. We have to look at what the market is doing, not what we want it to do. Watch price action. But for the short term trade possibility:
1. Price pulled back to 50% key fib level.
2. Wick rejection at 200 MA on the daily; this 200 MA possibly serving as dynamic support.
Trade at your own risk. Watch price action on lower timeframe for your additional confirmations before entering.
CHFZAR KEY ZONE STUDYTHIS IS NOT A SIGNAL BUT AN EDUCATIONAL POST FOR STUDY PURPOSES.
If you enter this trade you do so at your own risk.
This study allows us to watch price action as it approaches a key level in the market. We watch to see if price will respect this key resistance zone, or if it will reject it and continue upward. This pair can be correlated somewhat to USDZAR in terms of market structure. If price rejects this key level I would look to sell to the trendline which also happens to be confluent with a key fib level in the market. . Trade at your own risk.
Long CHFZAR based on PPPCurrency PPP Market value (21/06/19) RER
USDIND 18.553 14155 0.001310703
USDTRY 1.771 5.8129 0.304667206
USDRUB 24.856 63.2275 0.393120082
USDZAR 6.367 14.3094 0.444952269
USDMXN 9.312 19.0665 0.488395878
USDHKD 5.951 7.8099 0.761981587
USDGBP 0.698 0.787681 0.886145534
USDJPY 97.02 107.7 0.900835655
USDCAD 1.207 1.3227 0.912527406
USDSEK 8.875 9.387 0.945456482
USDNZD 1.49 1.5225 0.97865353
USDAUD 1.445 1.4458 0.999446673
USDNOK 8.913 8.52 1.046126761
USDCHF 1.24 0.981 1.263501121
CHFZAR stoch divergence triangleDivergence is indicating a move down which may mean that price is going to break out of the triangle formation to the downside. If it looks like price is going to reverse then there is also a nice little trade to take so you can profit off of this triangle either way it goes.
CHF/ZAR Update - Update to 11-20-18 (Link Included)CHF/ZAR Update
If you followed the trade idea I posted on my TradingView on 11-20-18 (), we see how we have progressed. As charted, we hit TP. Hopefully you took your profits as noted on December 4, 2018. The reversal did occur as expected and we saw a series of impulsive moves and corrections (see current flag). Be sure your profits are protected. Although I anticipate another push to the upside, it does not have to continue. Please note all ideas are simply ideas. Exotic pairs especially are extremely volatile. Trade at your own risk and always, always always exercise proper risk management. Happy New Year to all! 2019 will be a great year!
CHF/ZAR Short IdeaPrice is forming a descending wedge. Anticipate pull back to the 61.8% fib level, after which bullish price reversal. This trade is for educational and demonstration purposes only. Trade at your own risk.
CHF/ZAR: Resumption of multi-year uptrendThe drawn out correction of the past three years is coming to an end, thus resuming the multi-year uptrend (since 2005). Prepare for significantly higher levels once the trigger at 13.85 is taken out convincingly. We expect a move towards minimally 14.52 and probably 16.77 on a 9-12 month horizon.
Near term trend: neutral
Long term trend: positive
Outlook: moderate correction ending, trend resumption > 13.85
Strategy: long-entry > 13.85
Support: 12.90 / 12.20 / 11.51
Resistance: 13.85 / 14.52 / 16.77+
Outlook cancelled/neutralized below 12.20
