ZAREUR trade ideas
EURZAR LONG TRADEI am going long after price came down and retraced and looks like bulls are back in to take the price up.
EURZAR!This could either be a reversal structure or a bigger corrective pattern for an upmove.
We see a sell setup that keeps extending, eventually a fall will come.
Trade with care use a stop loss.
eurzar moving smoothlyWe are having a perfect movement that happens inside a channel ,the liquidity is just amazing.The pip movement on this pair be very crazy as well
EURZAR!A possible corrective pattern that implies a drop to come.
Its almost perfect but we can never be sure.
Trade with care use a stop loss.
EURZAR!Based on our findings, we forecast a sharp drop.
The corrective structure will usher in an impulsive drop.
Trade with care use a stop loss.
EURZAR and all USD based pairsMy Bias for all these pairs is that they will form a Wyckoff theory pattern and then shoot to the upside as demonstrated below. Most of them may be slow but they will eventually make it to the bias if not then we move on.
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EUR/ZAR: FUNDAMENTAL FORECAST + PRICE ACTION|SHORT SETUP 🔔German Industrial Production for April is predicted to increase 0.5% monthly. Forex traders can compare this to German Industrial Production for March, which increased 2.5% monthly. The German ZEW Survey Current Situation Index for June is predicted at -27.8, and the German ZEW Survey Economic Sentiment Index at 86.0. Forex traders can compare this to the German ZEW Survey Current Situation Index for May, reported at -40.1, and to the German ZEW Survey Economic Sentiment Index, reported at 84.4.
The advanced Eurozone GDP for the first quarter is predicted to decrease 0.6% quarterly and 1.8% annualized. Forex traders can compare this to the previous Eurozone GDP for the fourth quarter, which decreased 0.7% quarterly and 4.9% annualized. Eurozone Employment for the first quarter is predicted to decrease 0.3% quarterly and 2.1% annualized. Forex traders can compare this to Eurozone Employment for the fourth quarter, which increased 0.3% quarterly and decreased 1.9% annualized.
The South African GDP for the first quarter is predicted to increase 2.5% quarterly and decrease 3.2% annualized. Forex traders can compare this to the South African GDP for the fourth quarter, which increased 6.3% quarterly and decreased 4.1% annualized.
The forecast for the EUR/ZAR remains bearish with the economic outlook for the Eurozone and how the ECB will handle inflation than for South Africa and the SARB.
Will bears remain in charge of price action in the EUR/ZAR and force it into its next horizontal support area?
EURZAR ForecastEURZAR Bearish, at the H3
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Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
EURZAR bounce over a monthly support 🦐EURZAR on the 4 chart test the monthly support and start to trade to the upside.
The price is testing a minor resistance zone and according to Plancton's strategy if the market will break above we will set a nice long 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.
