USDZAR BUYING OPPORTUNITYUSDZAR SEE A POSSIBLE BUYING OPPORTUNITY AS PRICE APPROACHES OUR BULLISH ORDER BLOCK.
just above our order block we see that price left an imbalance that needs to be filled.
USDZAR:POSSIBLE BUYING OPPORTUNITY
ZARUSD trade ideas
USDZAR to 13 rands per dollarBased on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI.
A Top was created in February 2016.
Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here.
Based on my TA, from November 2023 till 22 January 2024 we were in a correction cycle to complete wave cycle 2, so from here im expecting a further drop for wave cycle 3 an Impulse down which always comes after correction, then once wave cycle 3 is complete then i will come with an update because we need to also have wave cycle 4 and 5.
So basically this year is gonna be changing for Rands against dollar. Im just here wondering on whats gonna happen with the S.A politics which is gonna lead to rand gaining strength against the dollar, but lets watch and we gonn see. Im just excited for this year man.
We looking for selling on uzdzar this my analysisDollar is gonna be weak this week so we looking for bears on usdxxx and bulls on xxxusd
usdzarUsing the EUR/USD currency pair, we will provide an example of how and when to buy or sell forex. Let’s say you want to buy the EUR/USD. If the EUR goes up in value relative to the USD once the trade is sold, you could have made a profit (depending on commission and other fees). A trader in this example would be buying the EUR and selling the USD a...
USDZAR-SELL strategy 4-hourly chartI suspect we may see lower levels again, as we are reaching high GANN levels again. GOLD is likely to recover due to the expected move higher of crypto's short-term. After all, they all had a steep fall.
Strategy SELL @ 18.9950-19.0350 and place SL above 19.1250 (give it room) and take profit @ 18.7150 for now.
USDZAR -Daily - 2021-005-09Here is a good Risk Reward Trade.
I am looking at a Wolfe Wave/Geo Wave by @4xForecaster .
Divergence on all the Time frames.
This educational .
Please trade your own Rules and Trade what you see.
USDZAR-NEUTRAL strategy 4-hourlyThe pair has moved higher as expected, and now we are at a cross road GANN resistance around 18.9500 area. The stochastic is positive, but am not convinced for move higher as yet, unless we break through.
I prefer to stay side-line based on the chart. Will update if there are changes.
Possible Long For USDZARPrice has potential to move higher upon the retest of the hourly bullish orderblock which is inline with the ICT OTE. Wait for lower timeframe bullish price action to confirm the move.
UsdZar in a box patternOne of my least symbols to trade, but here I am today, this pair is currently trading in a box pattern. Technically I'm currently bearish waiting for my second entry at fib level 38.2%
USDZAR-BUY strategy 4-hourly chartThe previous update worked well, and we did respected the GANN resistance very well. Now we are nearing the GANN support @ 18/6200 area. The pair is under pressure still and we may see a test of the GANN support.
For now, it is a try-out BUYING near the GANN support with tight stop loss.
Strategy BUY @ 18.6150-18.6350 and place sl BELOW 18.5800 and profit order @ 18.8850.
USDZAR Pre-Fed decisionThe pair has climbed back into the blue wedge after finding support on the Feb 2024 low of 18.53.
18.97 is the rate to watch. A break above will allow the pair to test the top-end of the wedge again, resistance at 19.20. On the other hand, if the rand manages to hold the pair below 18.97 after the Fed decision to leave rates unchanged, it will allow the rand to pull the pair below 18.50.
4H possible 5 wave impulseThe rand may be on the ropes today if it can't break below 18.78.
Fed pause is also expected to shake things up and support the recent dollar strength.
Bearish Opportunity On the daily price broke nicely through the descending triangle to the downside and traced back up again close to a supply zone. I may move my SL above the supply zone depending on the circumstances at the time. I believe we are headed for nice downward trend. Lets see
USDZAR LOOKOUTNormally i would be gravitated towards the higher probability setup of HHLL that is about to form and will reverse up there but as we can see there is a trend breakout and now price seems to be retesting. So what do you think.
Ascending Horizons: USDZAR Soars Towards 19.31300 - 19.35400 Ran
USDZAR Ascends Like a Phoenix: Soaring High and Targeting the 19.31300 - 19.35400 Altitudes. Buckle Up for the Journey! 🚀
Bullish OpportunityPrice seems to have found support at a supply zone, where by DXY and gold has confirmed ZAR to swing back up again. Price is nicely below MA's for a good entry
USDZAR-SELL strategy 4-hourlyI had updated on the SELL strategy that we violated the GANN resistance 18.7800 area and that it changed to BUY activity to see 19.8875 area as possible. It has moved further out. GANNs are useful for trading and helps to determine the support and resistance when we are on a directional trend.
For now, stochastic is higher up now, and we have moved nicely reaching the next resistance area @ 19.0250.
Strategy SELL @ 18.9500-18.9950 and place SL above 19.0575 and take profit @ 18.7850.
USDZAR-SELL strategy 4-hourly chartGIOLD drifti8ng lower and likely it will move back below $ 2,100. This should mean higher USDZAR overtime. However, for now, we are resisting @ 18.7850 GANN, and stochastic albeit positive, is turning lower from 83.0 handle. I feel we see attempt lower for now. Kepe stops tight though.
Strategy SELL @ 18.7500-18.7750 and place SL above 18.8000 for now. Profit @ 18.5750.
USDZAR-SELL strategy 4-hourly chartGold is moving lower slowly, and I know gold may reach near $ 2,100 in coming sessions. However, the pair is at a crossroad, and near GANN resistance, and as long we hold below 18.7800 and seeing stochastic high, positive, but slightly turning, gives me the feel that we may see lower before higher again.
Strategy SELL @ 18.6850-18.7500 and place SL above 18.8000 and profit near 18.4850.
USDZAR-SELL strategy 4-hourly chartWe have respected GANN resistance 18.7900 handle, and it feels that we may another attempt south again. Stochastic turning (not negative as yet) but from higher up (not extreme).
Strategy SELL @ 18.6850-18.7150 and place SL above 18.8150 and profit @ 18.4950.
USDZAR-BUY strategy 4-hourly chartIt failed to move higher, but am still on the BUY side, because the pair is mainly influenced by GOLD and Crypto. Once there correct, which is still very much expected, the pair will skyrocket.
Patience is the game.
For now we have support 18.5000 and below means delay and lower levels to be seen before recovery.
Strategy BUY @ 18.5350-18.5600 and take profit @ 18.7750 and place SL below 18.4750.
USDZAR-BUY strategy 4-hourly chartThe pair has based somewhere 18.5500 and now embarking on moving towards higher grounds. The stochastic is positive now, and any strong move lower of crypto which bring gold lower, hence we will see 18.9000-18.9500 again is my personal feel.
Strategy BUY @ 18.6350-18.6650 and take profit @ 18.9175 and place SL below 18.5250.
USDZAR-BUY strategy 4-hourly chartThe pair has been under attack again, and we did have some recovery but limited above 18.7500-18.7800 area. Now we are moving sharply lower with negative stochastic once again. This paves the way towards 18.5000 support, where I feel we may attempt to BUY again. My fear is SELL side not safe, due to the fact that any major change in crypto and GOLD will lead to recovery 18.9500.
Strategy BUY @ 18.5000-18.5350 and place SL below 18.4750 and profit perhaps @ 18.7350.
