EURZARPrice has given us a great bull push...after a push we get an exhaustion my short is now triggered and my target is slightly above the 25 Daily EMA
Which alos lines up with my 61.8 fib retracement
ZAREUR trade ideas
Eur/Zar-DailyRefer to the monthly chart. I'm looking at a "B" wave. 1-4hr divergent looking like sell. I just wanted to point out that Eur/Zar could do one more up for an ending diagonal, which would take it to the 1.236 extension. If it did that, for risk purposes, I think that would be a better level to look for the swing. It is coming off the 27 percent extension of 1st wave along with equal length right now. It can come down from here, but protect any profits and be careful until we actually get a reversal..
Eur/Zar looks to be in "B" waveThe weekly and daily are both way over extended. It is also way over extended from monthly bollinger bands (see TDI turned into price currently here on monthly). We can get a running flat here, but if it goes down to break the low that could take us to the 13.00 level possibly. At a potential reversal spot now. But keep in mind this is the monthly chart.
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.
