EURZAR trade ideas
EUR/ZAR possible running triangle and sell setupI have an alarm set at 15.143 and will be watching this. If E breaks trend line and confirms will be very nice sell. There was a perfect buy setup that I didn't take, can't remember why, but not the best entry point on the buy right this moment. The sell will be the real trade. The overall pattern in the bigger picture makes sense for a 5 wave.
EURZAR ShortMany rejecting candles in the past 2 weeks. Looks like price is in for a big move down, especially since ZAR is so strong at the moment
ZAR stronger than EUR? After comparing a handful of ZAR pairs I saw that the South African Rand is really killing it! Each pair however showed a break in the ZAR strength, solely due to a 0.9+ correlation in each of them. I picked this pair because of the psychological level; 15.00000, where price has managed to close below hence i believe price will continue to drop. Despite this I will not enter exactly when the market opens but i will wait for the 4hr candle to close lower than the close of last week. My bearish sentiment will be elevated if the 4hr candle passes the 15.00000 zone but ends up closing below the close of last week, because this would indicate that the bulls tried to take control of the market but were obliterated by the bears, it's the equivalent to being in a fight and punching your opponent as hard as you can but he/she seems to feel no pain! Other things I'm looking for is for the DI+ to continue moving lower than the 20 level on the DMI and the ADX and DI- to continue moving higher. I'm targeting 13.51049 but if there is any funny business at the 14.00000 I'm pulling out!
EURZAR Long - Sniffing out the trend change before the crowd!See callout bubbles. The EUR is looking very strong across the board. For the last few weeks, on higher time frame charts, the price has been just hovering in areas where we could see a little jump in price. Let's hone in on a little level on a smaller time-frame chart and find that spot to jump in early before price really begin to rip upwards...
Always measure your risk and be okay with being wrong ; )
SELL EURZARIndeed showing a great Analysis that worked out perfectly before based out on Trading Major waves analysis that infact concludes an active sell after humongous EUR rise and hence now weakness supporting more of the ZAR Strength Perfect sell to the major Support.
EURZAR - Bullish Trend weakening, looking to shortEURZAR - Bullish Trend weakening, looking to short
EURZAR Sell December 1, 2017Sell opportunity after monthly chart ends with an inverted hammer.
Sell at 16.27 with a stop loss above recent highs at 16.43. Take profit at 15.60
EURZAR LONG TRADEAFTER SEEING A MOTIVE TREND WITH A CONFIRMED 5 WAVES,I AM EXPECTING A 3 WAVE REVERSAL.
EURZAR Long November 22, 2017Euro is strong. Buy and aim for a 1:3 risk reward ratio. Stop loss below 16.28 with take profit above 16.65
EURZAR: Potential Bullish Gartley formation Here's an idea of a potential bullish Gartley formation on the EUR/ZAR in it's early stages.
Looking for the formation of the B to C leg with possible points for C in the region between 16.66014 and 16.88450.
Updates of this idea will follow as the market moves.
Do not follow this blindly; always remember to make sure that any trade made by you needs to meet your own personal trading requirements. If it does not
comply with your rules of trade, do not trade it.
Happy trading!
JP
EURZAR Analysis-30.10.2017Hello Guys,
Today, I will short the Euro again as I look to take advantage of this across the board weakness. Though there is no sell signal in the monthly chart, there is a perfect evening star reversal and a bear divergence pattern in the daily chart. In fact, a gravestone doji was printed above the upper BB as the market closed on Friday.
A stochastic sell signal is also in place meaning sell pressure should continue going forward. These combinations of technicals in the daily chart means chances of a drift lower towards that 4 months support trend line is high. Best case scenario is for it to be broken and that would mean economic benefit with positive swaps.
I will wait until a sell signal is printed in the 4HR chart before I short. Alternatively, set a sell limit around 16.55-16.70 with stop loss above last week’s highs at 16.9
Trade as follows:
Sell Limit: 16.55-16.70
Stop Loss: 16.9
Take Profit: 1:3-5 risk reward ratio
Guys, if this benefits you, hit that like button and follow me. Don't miss these awesome chance to build up your account. Also, view our page at Forex.Today here: goo.gl
Have a pipful day, won't you
Long at H4 (waiting for Price Action)Analysis was done in D1 time frame but planning to take the trade in H4.
*Price at short term / soft support
*Price between 50% and 61.8% Fib
*Price near trend line support
*Still showing long bearish bar in D1 but H4 is showing weakening bears
EURZAR 4 HourPossible parabolic curve... 3rd base formed expecting double of arc price... from the base of the arc.
DUMP THE EURO, BUY THE RAND-SHORT-13.10.2017Guys,
what's up, hope you nicked some pips this week. Well, it's Friday the 13th and if you got margin called, next week will be another cool week to boost your account. I have posted several posts at www.forex.today.com---https://tinyurl.com/Forex-Today-Analysis--- and if you like what I'm doing, you really need to go through those blog posts. Cool stuff, most of the time we in the money.
In the mean time though, despite all the hype about the Euro, I think it gonna whoop your ass if you buy at the tops.It is getting a lot of airtime in the media and you know when that happens, it is at the last leg of a bullish run. Now we have a bearish engulfing pattern and a minor correction higher next week after this steep decline, price might appreciate perhaps to the 63.2% Fibonacci level in the 4HR chart before bears resume. I urge you guys to go short then. I will keep you updated though, no worries.
Break below that support trend line is significant and will signal a long long bear trend. The earlier you get in the ride, the better.
I also post at www.newsbtc.com---https://tinyurl.com/NewsBTC-com---- me and my colleagues do a lot of research to give you the best, preview today and let me know. Ok, I'm marketing this but I just thought you should know. :)
Cheers.
