EURZAR trade ideas
EUR/ZARWe saw a double top and there was a bearish engulfing pattern, so we had to wait for another candlestick to close below.
Possible 5 Month Continuation #HeadandShoulder FormationWorking on possible right shoulder. Interesting chart to watch how it unfolds in the next few days. A flag breakout could set the stage to test pattern neckline with a possible breakout thereafter.
Watch 5 Monthly Horizontal Support Resistance Lines EURZARWatch Monthly Horizontal Support Resistance Lines For EURZAR Currency
EURZAR 19.95345 - 0.04 % SHORT IDEA * CONTINUATION PATTENS Hey everyone
Here's an idea on the EURO / ZAR pair that has been rallying with the bears and was rejected at support level 19.77624 and pushing up trading in a ascending triangle looking for a continuation of this move with the bears in the coming week.
looking for a break of support level 19.77634 to trigger the trade if there are significant moves with the bulls the trading plan will change completely.
let's see how it goes.
HAPPY TRADING EVERYONE
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ENTRY & SL - FOLLOW YOUR RULES ON PENDING ORDERS
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
EURZAR AnalysisA bullish call , as we can see the structure is broken and now we have to wait for a trend line break.
EUR/ZAR Potential SellPrice has respect all time high
Closed doji candle yesterday and closed bearish candle today.
I will wait to sell during London session, only if price is moving down at the time.
Trade safe as this pair can move 700+ pips in one day.
Long For wave 5 We have the nice bullish move for wave 5 after the completion of wave 4 at fibo 38.2%
You better be aware of confirmation and invalidation level as indicated
HAVE A NICE TRADE
EURZR: Double Top Break OutLooking to go SHORT at DBD which is also at the neckline of of the double top
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
EURZAR - Testing high for the year- As per the previous post on the pair, the long played out and we at the highs of the year
- We could possibly consolidate and break higher here or get rejected and form a double top
- Will be watching price action for clues to the next move
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
step down let me wear the crownthis should be a bearish flag but I'm should it will keep fighting against it as if the laws of patterns don't exist.
misfits markets I don't know to explain what's happening with the price charts but predominantly I know this pair is bound for the downside as it has a long time trend support line to return to any time soonish. its kind of like when will smith in man in black three jumped off the tall building to time travel and had to be pulled back. this pair has been doing that for the last decade. where have I been? why have I not ben trading? who knows. drink water and stay healthy people
Looking to long EurZar if it holdIF That zone holds, i will be willing to go long, if i see my DTFX Academy entry
a word to the wise peter! with great power comes great responseA little known tip and idea for future cyphers watchers. any cypher, when proceeding in a trend as part of a longer trend will usually be a part pattern formation to create a head and shoulders formation in order to then carry on that trend. keep a close eye on the information between the trends and remember. spiderman is your friend, not your neighbourhood pedo, that's Illuminati and government
