EURZAR trade ideas
Why lower time frames are a waste of time. Here I wanted to do something I haven't done for a little while and that was day trade. After Looking at my recent trades I saw that my trades taken on the Daily chart with only price action signals from the Daily candles after the Daily close were bringing me more pips and so much more accuracy than any other time frame I decided to give it one last try to see if my price action skills can be used on the lower time frames, presumably the 4 hour and 1 hour. What a waste of time. After looking at my history my trades trading price action signals off of support and resistance on the 4 hour and 1 hour resulted in so much more loss, more stress and more time looking at the charts. The pin bars and engulfing candles I usually trade off the Daily and which resulted in me being able to make hundreds of pips a week resulted in many fake signals on the lower time frames. I say this because I personally think day trading is a joke. It will only result in you losing all of your money and your sense of peace. I am now and forever a believer in the daily chart. F*** you lower time frames.
Long EurZarLong for the gap fill. I like to play the 3/4th fill because it usually makes another move down around that area, to which you can play the rest of the gap fill. Make the gap play small remember they can stay open forever so take the easy money safely. People tend to overtrade gaps with the knowledge they will eventually close. Which creates an overtrading situation.
EURZAR Sell SignalPattern: 1M Channel Down.
Signal: Bearish as the price is near the inner Higher Low trend line.
Target 16.3000.
Analysis of EURZAR 31.10.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 16.9600
• Take Profit Level: 17.1500 (1900 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 16.7800
• Take Profit Level: 16.7300 (500 pips)
USDJPY
A possible short position in the breakdown of the level 108.20
GOLD
A possible long position at the breakout of the level 1506.00
USDCHF
A possible short position in the breakdown of the level 0.9860
EURUSD
A possible long position at the breakout of the level 1.1180
Bullish Gartley Eur/ZarI was watching this move yesterday on the EUR ZAR pair.
Formed a very nice bullish gartley that is playing out perfect
T1: Smashed at 16.25
T2: 16.60
T3: 16.83
Will asses as we go along!
Trade safe guys!
EURZAR SLDidnot go as plan. Completely missed the pattern forming here and also the ZAR Fundamentals
The red was the ABC pattern that I missed and didnot place a buy on this pair. Highs can be the target here before we get some down movement
EURZAR LONG with Big jump Target si 17.15 aereaHello to all watching my charts.
Lets have a look to EURZAR
These exotic pair made a big Jump today
above all resistances and i do see a chance to get in the 17.15 aerea
after climb above the last red resistance lines.
Good trades
If you want to support my work , please be so kind and like them
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My posts are not and advice to buy or sell something
always do your own research
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Renkotrade
EURZAR PennantWait for a daily close above or below the pennant pattern. Trade in the direction of the breakout candle.
EURZAR INTRADAY SELL SET UPThis exotic has just broke a daily triangle, made a corrective structure and breaking it with a .78 FIB level and a support zone. So right now i would like to see a retest of the support broken and a candle closed below this mentioned zone to go short
EURZAR complete Wave countThis is my view on the EURZAR, I am not an Elliot wave trader yet, still learning, constructive criticism is welcome .
EURZAR Broken all Supports SHORT 1 HRHello to all watching my charts.
Right now EURZAR fall below my longterm
traing trendline and is now short .
The shorttime channel is fallin down in Green, easy to see.
Has broken all supports.
Black Lines.
Good trades.
Renkotrade
