My simple plan A helpful suggestion is to wait for a candle to close and ensure that the entry candle surpasses the previous candle's closing price above the moving average pivot line before entering the market for confirmation.0by kingdomseekingnowPublished 2
USDZARExotic currency pairs do possess a certain allure to experienced traders in terms of returns. The South African Rand (ZAR) has been battered lately due to macroeconomic data and political upheavals experienced lately. These geopolitical and economic risks are correctly priced into the market Using the smart money concepts, we are witnessing a return to a previous supply established in 2021 and an elimination of price inefficiency. The risks highlighted above only serve to drive the price back to the identified supply. Currently, we do not have a confirmed set up though market data indicates we are likely to witness a breakout in the coming weeks. On the Daily chart, we are waiting for a break of the daily structure at the 18 price handle. Once this is confirmed, we expect a retracement to the confluence of fresh supply and liquidity sitting at an 18.5 price handle. At that price, we will place our sell orders targeting the downside 17-16.5 price handle. Should the price fail to break lower after consolidation and instead breaks higher, this set up is declared invalid and we shall adjust accordingly. Shortby morrisgitauPublished 112
Dollar Strength next weekOPTION 1: DOLLAR STRENGTH A) It will break the short term Trend Line (white) to the downside and retest support (blue bottom) it is already showing signs of retesting that bottom line. B. This is in the zone of a 68.1 Fib retracement level (BUY) for a continued uptrend OPTION 2: Dollar Strength A) It might bounce back into the short term trend line (WHITE) (confirming support) with a continued uptrend retesting the current resistance nearest (blue) UPSIDE Option 3: Neutral/Dollar weakness it will retest the nearest support (blue) A) Chop around break to the downside for a continued downtrendLongby calebdean21Published 2
USD/ZAR - Tentative Hello with the Feds rate decision in play we see that the Rand is getting stronger. Going down to 4hr Support level. One of two things could happen here 1. The rand could reach up again to close the future value Gaps noted on the 1hr timeframe. This will suggest that the dollar will recover. We will have to monitor the movement in this zone. 2. We could see a sharper movement downwards breaking through the 4hr support zone. This will give us good momentum for sell positions and we will move into the 18.0000 zone. At this current moment my bias is more centered around bullish momentum as noted on the 4hr TF we had strong bearish momentum. Remember price must correctly deliver both sides before we reach for any liquidity Stay Safe by KingDee57Published 1
USDZAR SellUSDZAR Playing out nicely, sellers have some control. Sell to 17.21 should the sell play out as per forecast. Keep on the lookout for any signs of change in down trend. by sk_therealmakuleniPublished 5
USDZAR LONGSame story...HTF & LTF showing bullish confluence...price has not touched a counter zone or broken BBR therefore no need for further confimationLongby Dee_PassivetraderUpdated 0
USDZAR Potential H&SPrice could possible form the Right shoulder wait for bearish 4h candle to confirm the movement Shortby SHAQZPublished 5
UZWe are here unfortunately here but we saw it coming and we are sharper today than we were yesterday Longby Mhangwane1Published 0
Bullish run on the USDZARFollowing a tough week last week for ZAR and also coming back from a Shutdown, I for see ZAR losing more ground. I except the bullish run to last until 18.6400. by Twistd87Updated 0
USD/ZAR Price Turns BearishUSDZAR Has been in an impulse phase and it has been completed with no rules violated. We are in the bearish phase of the market, we have two counts going on where it could be an impulse in the downside suggesting a long-term sell-off or a short-term sell-off as a correction meaning we are trading in a wave (C) instead. The idea of an impulse is a little complex but the idea would be to trade a wave 3 looking at the retracement it would make sense to target the 2,618. Correlating this pair to USDCAD we are more likely to have long-term sells but keeping an eye on the price level where a Zig-Zag pattern completes will be very important.Shortby WeshareioPublished 1111
USDZAR is BullishThe bullion is on rampage against SA rand. Let wait for the market to touch on the buy zone/ demand zone with Finabocci retracement below 50%, which has golden zone, immediately after reversal will be entering on the buy zone.Longby MILKINGFOREXMARKETPublished 0
Buy yI trust this will be inline with the ongoing national shutdown strike, however this is showing a nice buying setup Longby Mntungwa87Published 3
USD MXN | GBP JPY | DECRYPTERS HI people welcome to Team Decrypters We are Bearish on Both pairs ( GBPJPY & USD MXN ) Both should give Decent selling opportunity and could be Trade of week Shortby DECRYPTERSPublished 3
USDZAR (Head and Shoulder)After Showing a Bullish Trend, Bullish Divergence formed as marked on the chart. There is a Head and Shoulder pattern forming on 4H TF. You can Putt Sell Stop at 18.04301 and put your TP at 17.60271 and your stop loss at 18.55381.Shortby muhammadsufyan4000Published 117
USDZAR Neutral | Could go either way - 5% lower or higherSeasonality may be coming into effect in the next few weeks. Which ever the case may be, it is never a stronger rand but rather a weaker dollar. Historical, March is a period in which the dollar weakens a bit and markets rally a bit before a strong sell off through to April/May. This should benefit the rand. I am neutral on this pair because the dollar is trading within a range/consolidating. I've highlighted rejection areas and support areas as targets on either break-out/down for USDZAR. by N_I_GUpdated 2
After shorting this pair I took advantage a bullish moveI just love the way this pair is moving, after shorting this pair , I took advantage on the bullish move because this pair is been on up trend for so long.Longby TraderSpagePublished 0
Selling USDZAR on H1Selling USDZAR on H1, but selling against up trend, I won’t stretch my Tp far until sellers create a new low on H4.Shortby TraderSpageUpdated 0
USDZAR DAY TRADINGUSDZAR is one of my safe heaven pair, i trade it once in a while, here is my daily target for today, jump on the bag if you seeing this.. Longby stuckinprofitPublished 1
EXPECTING HEAD AND SHOULDERMAJOR TREND IS BULLISH, if you know Elliot wave, you know that waves have waves. we are in a bullish trend, market is doing wave 5 but wave 1 of wave 5 is completed now I'm expecting wave 2( has A,B &C)of wave 5, that is why we might have H&S pattern. when wave 2 is finished, market will continue going up. NB: you are free to add your comment. always use proper risk management. to become successful trader you must be able to accept lossesShortby Bonga01Published 5
UZI really hate that this is what I see but as a manager of capital, therefore feelings need to be cut out and discarded. (I am hoping to be wrong) Yet I see this and will wait for a right shoulder to complete. Then a break in the neckline, a last kiss and impulsive bullish candles then we find an entry and ride the whole way.Longby Mhangwane1Published 1
UZThis is very nice, because it is slightly textbook. Yet knowing the fundamentals of the country, we will break through any sell bias you can think of. One day my goal would be to push that price all the way to either less R5/$ for a dollar or even to 1:1. For now I just would like to set a realistic goal of under R15/$. With the right leadership and the fight in our hearts we could and we will and when it happens, I'll come back to this post and clap for us as a nation. 🫱🏿🫲🏿🍾👑😁by Mhangwane1Published 0
USDZAR- BULLISHEat the tail on 6 Months: 1.Also the smaller time frame ranging above the previous 6 months candle/Resistance 2.Dimond pattern as additional confirmation for breakout Looking for and early entry at current price to manage risk, hence a breakout from the candle also is a good entry NOTE: For my Japanase friends Ichimoku is Fired up on Higher time frame Waiting for 3 Pushes on 120/240 Longby Jeremiah_CapitalPublished 0
USDZAR shortsI see a strong move down on usdzar from weekly high down to equilibrium. long buyers should come to rest and selling momentum should increase. Shortby goldreaganPublished 118