GBPZAR trade ideas
Wait for Shark Pattern to CompleteBe patient, and keep eyes on this indicator. IF (and only if) price comes to selling zone, then it is also at an important resistance level , it seems in a good short setup. Remember that price action is important to conform reversal ( double top , shooting star , evening star ....), and watch the RSI divergence carefully.
If the pattern is violated, then setup is cancelled.
Wait for Cypher Pattern to CompleteBe patient, and keep eyes on this pair. IF price comes to selling zone, then it is also at an important resistance level , it seems in a good short setup. Remember that price action is important to conform reversal ( double top , shooting star , evening star ....)
Daily chart with The Pound and the Rand Currently we in consolidation, Are we breaking above or to the downside, No decision yet! Simply place your stop above traingle or below! Proper risk management.
GBPZAR SHORTPullback into supply zone,Tested multiple times and rejected.Waiting for deeper pullback into the zone for a sell
Short to support levelPair reaching support level. If the move continues to follow previous week direction, taking a short to the support level of 21.2725.
TheHonestTrader
Back up to test the highs or break below Keeping an eye on this, if it starts to look good to enter a long. Possible great RR. See how it starts to go on the smaller time frames for perhaps an early indication
gbpzarLooking to take a short position here, will be looking to return to the previous level of support and resistance within the yellow box.
Thoughts???
