GBPZAR Breaks 20DMA and sits at area of strong S/R 50D MA Lies below. Today's close should add some further colour as to likely direction from here.
GBPZAR trade ideas
GBPZAR broke through the 200 SMA (Weekly)Formed a Cycle High, 4 weeks into a possible 25 week cycle until the next Cycle Low.
Support will be in the area of 17.25, indicated by the yellow support line.
GBPZAR WeeklyGBPZAR is getting ready to take a nice short
sell stop : 18.37500
stop loss : 19.04000
take profit : 17.35000
#GBPZARSupport and resistance are identified
The green areas are Target
Pink areas are strong for the price
The pattern is broken
Time range specified
GBP/ZAR Big Move potentially!Price has reached and tested downward trend line and has slowed down in momentum reaching it, on H1 time a smaller trend line has been respected. Waiting for a break to enter!
Let me know what you think!
GBP/ZAR: Daytrade-Opportunity#WEEK 34 Nr. 11Hey tradomaniacs,
welcome to another free signal!
How to trade: 1. Wait for the break below the horizontal support and wait for a retest.
2. If we reject and the horizontal support and see an S&R-Flip - SELL.
3. Latest point to reduce your risk is as soon s you have warned your risk.
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Type: Daytrade
Sell here: 18,60549
Stop-Loss: 18,70444
Target 1: 18,50334
Target 2: 18,45556
Target 3: 18,40812
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Wednesdays FOMC Decision in Focus - TR#315 Summary BOJ, FOMC and BOE all have interest rate decision this week so we should see some volatility over the coming days. There's a potential C wave setting up on Dxy which will star a short move on the Dollar provided the FED remain Dovish.
This is not investment advice
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logicfxtrading
GBPZAR shortOANDA:GBPZAR curious how i trade so accurate??
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GBPZAR 5TH WAVElooking for an upwards impulse on gbpzar to indicate the start of the 5th wave. could move on the news of new prime minister. If it breaks below the trend line I will wait for correction for downside.
06.07.19 GBPZAR OutlookGBP has been in a strong downtrend all year.
Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level
Price is testing 61.8 Fibs on Daily and
17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ?
2:2 pattern would price go to 17.04 @ 78.6 Fibs
06.07.19 GBPZAR OutlookGBP has been in a strong downtrend all year.
Broke a long lasting trend line at 18.35 which is just under 38.2 fibs level
Price is testing 61.8 Fibs on Daily and
17.26 PRZ tested on Aug 18th 2018 & 4th Feb 2019 is a long standing support - major/minor ?
2:2 pattern would price go to 17.04 @ 78.6 Fibs
Long term short
Short term buy
03.07.19 GBPZAR OutlookLooking for a bounce @ support and close above support prior to taking a long position
GBPZAR, Buy on H4Note : close position when prices fall exceed 17.6000
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions, -
USDZAR sell setupHi Guys, this looks like a nice sell setup for an impulse down. It is possible that it could go all the way to the bottom of the trend.
Trade with care
Thank you for your support.
