EURZAR trade ideas
EUR vs ZAR - Long 03/13/18Going to play Long here on the Euro vs South African Rand. Just playing the pullback to fib levels, might get rejected there and fall lower, might make a bottom here and change trend. Showing divergence with the MACD and double bottom, good RR. Find a pull back on the 15min and take profit on targets, stoploss under the low.
Can be played with BTC and massive margin @ bit.ly
EURZAR: Significant long term downside gap. Short.The pair is trading on a very long term 1M Channel Up (RSI = 57.375, MACD = 0.349, Highs/Lows = 0.2662, B/BP = 1.5626) that has a sizable downside gap to fill in the attempt to price a Higher Low. Our action plan is to short towards 15.08674 and then buy for the next Higher High (pattern continuation) with TP = 18.5000.