EURZAR trade ideas
EURZAR short intraday/swing trade setupEURZAR short intraday/swing trade setup
Sell 15.73300
SL 15.84046
TP 15.60558 80% and trail the balance
Descending triangle broken to the down side, enter short on the retrace to .2360.5 fib zone
EURZAR - back to 38.2ZAR had a strong rally supported by fundamental news. I expect to see some profit taking, and change in positioning.
Technical:
- 20 EMA was broken on 2h with a backtest
- 38.2 Fib retracement is a clear T/P zone
EURZAR 1:3 Risk Reward SHORT (Fundamental + Technical Analysis)Zar
Fundamental Quant Score: +33
- Retail sales grew to 1.2% showing consumer confidence in South Africa
- PPI breached forecsats by 0.1% which is healthy for producers
- Interest rate decisions had no signs of dovish action so investor money flow should continue flowing into South Africa
- Trade balance showing a huge surplus
Technical Analysis
- Daily Sell zone
- Daily hammer head/ evening star formation
- Rejection from the current zone shows big money flowing out the EUR and into ZAR
- Wait for a 4HR lower low then a retrace to confirm the move ad possibly enter in that region depending on the fundamentals and technical outcome
Some good signs for ZAR and EUR has continued to weaken the past week
EURZAR long intraday/swing trade setupEURZAR long intraday/swing trade setup
Buy limit order at 16.36359
TP 16.50479
SL 16.25293
If price fails to trigger the buy order I will close
EURZAR BUY TRADEDear Traders,
We have an expanding flat here and will be looking at upside coming. Trade with care. Please Like, Comment, and Share.
STOCKWOLFX
EURZAR - short term bounce (H4 channel)Pure technical play. Shorting ZAR has heavy cost, thus expecting to see a swift bounce and then again ZAR to strenghten, especially as euro faces eco slowdown and brexit headwinds.
EURZAR buscando el último impulso en compratenemos un impulso geniuno, en el cual esperamos q la onda 5 sea igual q la 3
EUR/ZAR SHORTEUR/ZAR SHORT. Close Below 16.44542 Price then we shall take the SHORT position where our target @ 16.34093 will be met.
EURZAR Long Trade IdeaDaily and 4HR bias bullish
Price has retraced and printed a bullish hidden divergence in30-35 RSI band which makes this long trade high probability!
Good luck and good trading!
EURZAR LongTesting a new continuation indicator. This is for when trends are already established and will enter on a signals that point to a probability of continuing.
Entry signals and indicators are in my private notes.
EUR ZAR SHORT ON DAILYSince September 2018 this pair has been forming new lower lows and higher lows . As of now, there are many confluences that may show some further downside movement. the pair is reaching the 61.8% FIB, which is exactly at the resistance trendline. This would form a new HL
EURZAR hourly Slight divergenceDivergence is in purple and might be nothing at all. Targets are in bright green and stoploss is in red. PRZ is the blue rectangle. Once a reversal is confirmed IN THE PRZ then place the trade short.
I spend hours daily finding tradable Harmonic Patterns and I post them to here because I want my work to help more than just myself. IF you like this then thumbs up it and follow me.
