EURZAR trade ideas
EURZAR trend continuation pattern formation I am expecting breakdown of this bearish flag or B wave. First entry is based on entry before breakout of trend continuation pattern and second entry is based on entry after breakout. Remember this flag may extend itself but will remain intact for sell setup.
EURZAR Reversing LongEURZAR appears to be at the end of its three-months-long decline. That decline consisted of 12 down-weeks in a row, and may have completed with a hammer candle, followed by an up-week that also gives a stochastic buy signal. Last week's up-week also had higher volume than the previous four weeks.
EUR/ZARHello Traders
The Pairs of EUR/ZAR is High Risk Moving... I alway Trade careful for long term...
Thanks For Watching
Cheers
Alan Tang
economic.net.au
Volatility Breakout EURZAR 30m Long 20160517Strong/weak pair. Needs to close above resistance line. then retest resistance-turned-support line to enter.
SELL EURZAR NOW- LOW RISK SHORT TRADE :
Entry : SELL @ 17.2388
Target : 16.1965
Stop : 17.6582
Risk Level : LOW
RR ratio : 1:3
For more signals : fxgenie.com
Anticipating A New Rally...I have been actively trading this pair together with the USDZAR pair as well (they have been incredibly wonderful & very profitable pairs to trade with).
Ever-since a very strong upside rally at the beginning of this year to some new highs; this pair (together with the USDZAR) has ever-since left the highs far behind; & have started plunging lower & lower ever-since... (I have also been trading this pair on their move downwards, & the down moves has been very exciting too...)
I look forward to another new rally to the highs (best to new highs) once again...
My earlier broker did not offered the ZARJPY & CHFZAR pairs to trade with, or else I would also be trading with those two pairs (together with USDZAR & EURZAR); the price pattern movements between these four pairs have been hugely similar in the beginning of this year, until later on; when the USD got progressively weaker than the EUR, & the JPY still remained very strong (CHF is very strong too; stronger than EUR I could see)...
I will continue to observe these four pairs (on smaller time-frame charts) & I'm looking out for a very profitable trading opportunity to get in nicely again...
EURZAR - TRENDLINES (caution) Potential trendlines channel and fibs to get some setup to trade this pair
Wait and see
Trade your plan. If you dont have any avoid trading
(Warning. I am a private trader. I don't sell any signals, equipment or other sources of learning about forex . I am here to share ideas based on technical analysis to improve me on Forex practice. Trading forex is dangerous and can result in significant financial losses. So I am not responsible when the results of the positions to be taken on the basis of my charts since these constitute no basic signals but simply my own market analysis. As i always says, trade your plan and if you don't have any, avoid trading.)
EURZARPotential short based on extension and repetition +, divergence on weekly
1.618 hit
trade your plan
SELL NOW - MEDIUM RISK TRADESHORT TRADE :
Entry : SELL @ 16.960
Target : 16.670
Stop : 17.220
Risk Level : MEDIUM
RR ratio : 1:1
BUY BUY BUY - LOW RISK TRADELONG TRADE :
Entry : BUY @ 16.7600
Target : 17.283
Stop : 16.375
Risk Level : LOW
RR ratio : 1:3
Trade Of The Day No.6 Sell $USDZAR.It seems the finance minister has been abruptly removed. Replaced with a little known politician. The rand seems to have dropped significantly, more so than reasonable and so I would say its devaluation is overstated. The fundamentals remain the same.
Cypher Pattern on EURZAR and carry trade opportunityIf this bearish Cypher pattern is formed, we have a good short opportunity which would also provide a good positive swap.
Weekly trend is also bearish.
For more details on Cypher patterns, see Nico_Muselle's related idea below
