ZAREUR trade ideas
EURZAR going parabolicThe shorter time frame moving averages lined up under the price action.
Other indicators in sync.
The ZAR in for some punishment.
EurZar counter trend set upFX_IDC:EURZAR
Make sure your stops are tight since this trade is against the main trend.
EURZAR - Guestimation 20 to 22 by April 2019?All depends on momentum. Breaks coming threshold may surpass...
BEARISH CYPHER PATTERNAfter a fail to close above 88.6. we have a confirmed Cypher. We enter short position.
EUR/ZAR potential shortI'm Looking for a possible double top formation on this currency pair. the reason is because it has had a huge run and is now at that supply level. if at the open the market tests the highs but is unable to make higher highs then I will take the short, risking a few pips above the highs.
EURZAR 4hr bearish bat pattern short opportunityThe USDTRY party was just too crazy.
EURUSD already breaks 1.1500 to let the bears celebrate their victory a lot;
Meanwhile, there are still pairs that EURO is stronger like this EURZAR.
Here we got a bearish bat pattern near 16.08, I'll be willing to wait for reversal sign there.
Still this is a pair with abundant interest, so looking for potential short trade is acceptable although ZAR is also so weak.
Let's see how it goes!
Channel Down on 1D. Early entry call for a short.EURZAR is just coming off a Lower High on the 1D Channel Down (RSI = 49.793, MACD = -0.062, Highs/Lows = 0). The support lines are highlighted with the blue dots and although we price the Lower Low at 15.100, our TP for the current short is 15.2200.
Waiting for Profits!Entry - 15.58256
SL -15.53650
Target 1-15.66358
Target 2- 15.71922
Don't follow my trades with out your own research this is just for fun.
SWING TRADE ON EUR/ZARAll information given inside the chart and i shared this for education purpose in my view. Cheers
long to the upside to test the topin correction on lower timeframes but on daily its going to the upside
EURZAR Elliott Wave 5th waveEURZAR has been rising lately with the rand taking a hit against the Euro, we currently on our final wave.
Im looking to capitalise on this last impulse, entries will be made on the break of the resistance level we currently approaching.
Take profits slightly below the 100 fib level as our Target Price could most definitely shoot through that level looking to reach the 161.8 fib
extension.
€/ZARPossible Bullish Butterfly formation. I think price action should at least retest point C or exceed it, but we have to monitor for its turning point.
EURZAR Buy IdeaEURZAR Buy Idea @Weekly Demand Zone (14.4514 - 14.7881)
Buy Limit: 14.8119
Stop Loss: 14.3426
Take Profit: 16.0701
EUR/ZAR: More weakness expectedNear term pressure in the Euro is visible across the board, even versus relatively weak secondary market crosses such as ZAR. A continuation of the down trend towards the weekly support zone at ~13.87 is expected. Clearing this area means the completion of a huge triangle pattern. Declines towards 12.6440 and roughly 11.61 then come into focus.
We are already extensively short versus the Euro but see enough potential (and limited risk) to enter short in EUR/ZAR as well.
Primary trend: negative
Outlook: pressure mounting, more weakness expected
Strategy: hold-short / short-entry
Support: 13.87 / 12.6440 / 11.61-
Resistance: 14.65 / 14.7850
Outlook cancelled/neutralized above 14.65
