GBPZAR `` CRUDECrude
Chart pattern shown for suggestions
I expect a LONG in the end, perhaps a transient pullback first.
GBPZAR trade ideas
Potential Bearish Triangle.We could be dealing with Bearish Triangle As price may heard down to test the 19.07593 demand zone before Going up.
Forecast of currency pair GBPZAR .Buying possibilities on GBPZAR:
Reason being : the market has a broken Bullish
Channel/Bullish Flag and it is currentley forming a counter
trend and it is at a well respected support level .
This is a confluence because there many
conformations of buying pressure .
GBPZARGBPZAR went as excepted
little above the zone we want
anyone who took this trade
please let me know on comment
GBPZAR LONG HOLDTECHNICALS
Major support retest
Fundamentals
ZAR demand concerns
Unstable oil price creating inflation in ZAR
IS IT GOING UP?? Looks like going up, price has formed an inverted head and shoulders pattern, BUT we still need to wait for break and retest of neck line.
GBPZAR forecastas we can see GBPZAR came back to retest our order block so we are looking for buying opportunuties.order is already triggered experiencing apush to the upside.
BUY GBPZARBullish Gartley pattern completed, harmonic confluence with support trendline, expect bullish pump in price action
GBPZAR Short sells and buys , Consolidation phaseGBPZAR Consolidating between R21.50 and R20.70,
Buy or Sell breakouts of trendlines, using supply and demand technique.
GBPZAR Preparation for 2022Daily:
1. Overall predominantly bullish pressure,
However, no new structural formations have been
created towards the upside.
2. Repeated failure to break above the price
around 21.3092 suggests no added long
positions. Traders could be closing their
positions which are causing the current price
drop.
3. Price failure to break below 0.382
Retracement, as well as the absence of a
downwards break of structure, suggests a
lack of bears.
4. Moving averages show that there is a significant price drop, however, this could be a result of a lack of trading activity during the festive period.
Overall Neutral.
However, I have a bullish bias in the long term as New year begins since the UK generally has a stronger economy than South Africa.
GBPZAR testing a support 🦐GBPZAR on the 4h chart is trading above a minor support.
According to Plancton's strategy If the price will break below and satisfy the ACADEMY rules we wills et a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPZAR at at the bottom of a rising channelTime to play a bounce on GBPZAR off of the upward sloping support in this well established channel:
UK GDP figures out on the 22nd of Dec so could introduce some volatility if there is a big miss
Target is 22.22 over the next 2 weeks
Stop loss around 20.40
Next level of resistance @ 21.30
Good Risk Reward here!
Boom,
@theRaggy
GBPZAR `` BOUNCE OR DIEGBPZAR has been good soup for quite a while
At this level, price may either bounce LONG or breakthrough the support to form a new one.
FIRST TIME ON THIS PAIR GBPZARum seeing multiple places of entry here
QML
OBs
FTR ZONE
FVG
but the conclusion is where i see the money where an QML may take and inline with the OB h1
My Tradig ViewI predict that GBPZAR can give me a sell and that if I keep on working on my analysis then I should be able to master it and stay profitable in the forex market
GBPZAR - ShortHello, traders
This pair has the potential to go continue lower with its wave pattern.
If you have a similar trade, please comment below.
Good luck :)
