ZAREUR trade ideas
EURZAR: Potential Bullish Gartley formation Here's an idea of a potential bullish Gartley formation on the EUR/ZAR in it's early stages.
Looking for the formation of the B to C leg with possible points for C in the region between 16.66014 and 16.88450.
Updates of this idea will follow as the market moves.
Do not follow this blindly; always remember to make sure that any trade made by you needs to meet your own personal trading requirements. If it does not
comply with your rules of trade, do not trade it.
Happy trading!
JP
EURZAR Analysis-30.10.2017Hello Guys,
Today, I will short the Euro again as I look to take advantage of this across the board weakness. Though there is no sell signal in the monthly chart, there is a perfect evening star reversal and a bear divergence pattern in the daily chart. In fact, a gravestone doji was printed above the upper BB as the market closed on Friday.
A stochastic sell signal is also in place meaning sell pressure should continue going forward. These combinations of technicals in the daily chart means chances of a drift lower towards that 4 months support trend line is high. Best case scenario is for it to be broken and that would mean economic benefit with positive swaps.
I will wait until a sell signal is printed in the 4HR chart before I short. Alternatively, set a sell limit around 16.55-16.70 with stop loss above last week’s highs at 16.9
Trade as follows:
Sell Limit: 16.55-16.70
Stop Loss: 16.9
Take Profit: 1:3-5 risk reward ratio
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Long at H4 (waiting for Price Action)Analysis was done in D1 time frame but planning to take the trade in H4.
*Price at short term / soft support
*Price between 50% and 61.8% Fib
*Price near trend line support
*Still showing long bearish bar in D1 but H4 is showing weakening bears
EURZAR 4 HourPossible parabolic curve... 3rd base formed expecting double of arc price... from the base of the arc.
DUMP THE EURO, BUY THE RAND-SHORT-13.10.2017Guys,
what's up, hope you nicked some pips this week. Well, it's Friday the 13th and if you got margin called, next week will be another cool week to boost your account. I have posted several posts at www.forex.today.com---https://tinyurl.com/Forex-Today-Analysis--- and if you like what I'm doing, you really need to go through those blog posts. Cool stuff, most of the time we in the money.
In the mean time though, despite all the hype about the Euro, I think it gonna whoop your ass if you buy at the tops.It is getting a lot of airtime in the media and you know when that happens, it is at the last leg of a bullish run. Now we have a bearish engulfing pattern and a minor correction higher next week after this steep decline, price might appreciate perhaps to the 63.2% Fibonacci level in the 4HR chart before bears resume. I urge you guys to go short then. I will keep you updated though, no worries.
Break below that support trend line is significant and will signal a long long bear trend. The earlier you get in the ride, the better.
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Cheers.
EURZARelliot wave at wave 5 across daily, 4H and 1 timeframes. tripple top + potential wedge reversal pattern. expecting Euro to melt at least 600pips
€/ZAR, 5 WAVE ELLIOT WAVE WITH ABCDE CORRECTION IN THE WORKS?€/ZAR 5 WAVE ELLIOT WAVE WITH ABCDE CORRECTION IN THE WORKS?
EURZAR Buy Opportunity-04.09.2017Hello Guys,
Buy opportunity presents itself today especially if price action closes strong above the current minor support turned resistance @15.45.
Take profit should be above 15.60 with stop loss below today's lows of 15.30
EURZAR Buy Set Up-31.08.2017This currency pair provides a good opportunity to conclude August month on a high. Price action has been consolidating horizontally after that strong bear pressure which begun with a strong double bar bear engulfing pattern. Current fundamentals from South Africa are not that supportive of the Rand. Its economy is shambolic to-say the least and as they slide into recession, Repo rates shall be slashed in the near future. I will look to enter long and trade as follows:
Buy: 15.45
Stop Loss: Below 15.42
Take Profit: Ideal at this week's highs at 15.75
EURZAR Watch for strong breakout Hi fellows, This pair seems to me is setting up for reversal. We have very nice impulse and flag now watch for strong breakout. Look for sell before the breakout. In case price close above the impulse i will remain bearish and will look for short from new high within the channel. Good Luck fellows.
EUR/ZAR H4 SZW1 --> uptrend. Price in control of Supply zone.
D1 --> uptrend broken. New Supply zone.
Price remove opposing Demand zone on H4 chart also created very good Supply zone at the extreme of that move down which is nested in Weekly and Daily SZ.
Potential short but remmember it is countertrend because Weekly is stll up.
Wait for sellNice bearish continuation pattern has completed all we need to do is to wait for priceaction.
EUR/ZAR possible sell medium/long termProns:
1. EUR/USD has potential to weaken - the price now is inappropriate to conditions in Euro Area - flat GDP which can negatively affect CPI in the future,
2. CPI is still far from ECB inflation targets - it will take a time to be confident about inflation growth and GDP,
3. Commodities like Gold have potential to growth in the future - it will positive affect on South Africa economy (gold exporter),
4. Good positive swap - additional profits from holding position EUR/ZAR.
Cons:
1. Risk from changing ECB monetary policy - it could positively affect euro price.
Presented Idea is only an assumption, one of many possibilities which can happen.
Always invest consicously. The price can do anything at any time.
EURZAR cross pair new weekly demand zones playing outEURZAR cross pair is reacting to a bigger timeframe monthly demand zone, new weekly demand zones are being created, last one at 14.21 is playing out nicely. New levels of demand being created. Long bias
