supply and demand zone.after price has broken above the demand zone and broken the down trendline: a re-test to the support/demand zone will be the area of interest for me.
ZAREUR trade ideas
EURZAR - Development of another push to the upsideWe had a nice breakout indicative of a momentum shift. We can now expect price to pull back and relief before taking it for another push to the upside. This will certainly on my watchlist.
Trade safe!
Sunny Kumar
EURZAR LONG TRADEI am going Long on EURZAR after seeing price reject a daily support level and on the 8 hour chart I see one of my favorite candles to trade, the inverted hammer. I got in later than I wanted but still think the pair is going to make a strong move up.
EURZAR BUY after the break out at fib level 0.618. I I I will wait for the price to drop at my next fib level 0.786 than im going long after a bullish confirmation. Everything on the chart speaks for itself.
EURZAR @ A Resistance ZoneEverything is all about Structure ............Price Dancing around Covid Gap.......
EURZAR analysis 31/12/20 - Current momentum is clearly bearish but it is sitting at/near weekly and monthly support hence sells will be considered short term of moderate/high risk.
Buys should only be considered once price breaches weekly resistance with strong momentum. Then we wait for a nice continuation pattern to confirm further upside.
Have a great new years!
Sunny
EURZAR on a double bottom 🦐EURZAR on the 4 h chart created a double bottom over a weekly support structure at 18.05000.
The price then bounced and created a nice bullish impulse.
IF the market will break and close above the resistance structure we will set a nice long order according to Plancton's strategy.
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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.
EURZAR LONG TRADEPrice is printing some bullish rejection candles off of support. I will be going long and targeting previous Daily resistance.
EURZAR POSSIBLE BUYPer our chart, EURZAR may retrace about 500 pips up, before a massive fall based on the weekly and monthly charts.
EURZAR (High probability short)Experimental probability of price breaking 9/11/20 low (~18.0870) is 90%
Entries: Discount sell zones highlighted on Chart
Note: discount zone are invalid if price broke the low
