ZAREUR trade ideas
Eur/Zar Sell Idea Eur/Zar is making crazy swings high and low on the daily time frame.
These crazy big swings are actually inside of a channel.
We are now at what seems to yet another top of the swing inside the channel.
So now I believe it is time to sell Eur/Zar for a swing down.
Im always trading very small and using risk management.
EURZARFor the better part of the year, the South Africa Rand has weakened against major currencies. Q2 we saw a reversal. Presently we have completed a bullish correction that grabbed the trend line liquidity. We have or sell limit orders placed either at the liquidity level of 20.67125 or unmitigated supply at 20.71422. Our projected exit is the liquidity sitting below the equal lows at 19.209.
EUR/ZAR showing strong upside to come - OUCH!This analysis hurts my pocket.
Travelling around and living in Europe means we pay in Euros. Hotels, flights, costs, etc...
And I unpleasantly am doing an analysis showing how the Euro looks like more upside is to come.
It's this kind of analysis I really hope I am 100% wrong.
Anyway, upside is to come bease on the Reverse Cup and Handle.
The price bounced on the 200MA and said, nope we are going up. Let's go euros!
And now, it looks like the next target is to a gloomy R22.44