EURZAR trade ideas
H&SAfter breaking this up channel this guy decided to retest and we are expecting him to continue falling
EURZAR POSITIVE SWAPS ON SHORTAs expected on previous analysis just weeks back. Price went up and rejected on our Supply zone then plummeted. HAPPY DAYS.
Now, projection would be to expect a short term retracement to the upside to our newly formed supply zone.
A good entry would be at our newly formed supply zone and target is our Demand zone below.
Medium term trade with positive swaps at your advantage.
EURZARPerform GreatGreat Performer
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Look for a pullback and confirmation for continuation down target the lows or the trendline.
EUR ZAR Possible play still intactAs per my previous idea on the Zar Euro chart, the pattern has not been invalidated as yet but wave 4 did go higher than expected.
I do however see a breakdown from here and complete the final leg down
ChannelPrice respected our channel S&R. Price projected to continue to rally up to our supply zone which is also between our 78.6% and 61.8% fib. retracement from the sell off from 2 weeks ago.
Continuation DownsideAscending channel identified, a break of the channel would send the pair falling
EUR/ZAR PRICE HIT TRENDLIND WITH A DOJI SIGNAL
MACD CROSSOVER ON DAILY CHART
HOLD FOR A WEEK AND LETS REVIEW
