EURZAR | Important ZoneEURZAR has been trading in a bearish parallel channel, making lower highs and lower lows. The pair current price is at the support of the channel and we see a pause in the price action.
We expect the price will reverse from here and increase.
To negate this view, price must break support and trade below it.
EURZAR trade ideas
EURZAR | Bearish Flag EURZAR after being in a bearish trend (the pole of the flag) moves into the bullish parallel channel. The current price is at the middle of the channel. Two possibilies are here;
The bearish flag pattern will come into play and price will drop sharply if it breaks down the channel.
However the breaking above will result in bullish continuation and one can enter long
Trade your levels accordingly.
EURZAR BUYS STILL EXPECTED We're still looking for Buy opportunities in this pair, market still respect our set up now we are at crucial level where we can expect buys to kick in or if not so we going to wait for rejection at the support then enter more buys ...please remember if market breaks that support our set up will be invalid and you can exit trades to cut loss
Signal= Buy Eurzar
Sl=open
Tp=open
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EURZAR: more pain for the rand?Above 17.30 supports a bullish trend direction.
Upside price momentum supports the bullish trend.
RSI leaves enough room for further upside price potential.
Pending change in trend to bullish (see the MACD).
Remains close to the lower range of the linear regression channel as well as the Bollinger bands. This increases the likelihood of a pullback
EURZAR BUY EXPECTEDWe're looking for BUY opportunities in this pair after the market created a structure with two touches at the top and three touches at the bottom anticipating fourth touch then market to buy...You could wait for breakout of small pattern within big structure to minimize risk or you can enter buy at the fourth touch.
Signal= Buy EURZAR
Tp= open
Sl= open
Thank you
Move FastDid you miss us, wolves?🔥
There is a great formation only for you!
Running Flat on EUR/ZAR.
However do not rush the trade and wait for the clear signal.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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