Closing Need holiday money so this one has to go, it's been a decent ride and im happy with what it's produce for the house hold.
ZARUSD trade ideas
StillHolding this badboy :) I'm at BE tho. Havent taken a new trade this week but I'm sure I'll take one tomorrow.
USDZAR-BUY strategy 4-hourlyI aborted LONG @ 18.8500, but feel we will see higher. I just did not like the decline that took place before.
Stochastic is becoming positive, and we have upward room until around 19.0450.
Strategy BUY @ 18.7500-18.80 and place SL below 18.6700. Profit order @ 18.9850.
USDZAR-NEUTRAL BUY 4 HourlyThe pair did decline towards 18.8300 from the higher 18.9900, and re bounce again. it is possible we are starting the move higher based on "W" formation, which has neckline 19.0450 area.
Strategy BUY @ 18.8500-18.9250 range, and place SL below 18.6700. Profit order @ 19.4350.
USDZARHello guys good evening so as we can all see the south African rand against the US Dollar is giving us signs of a massive sell of so I'm gonna be placing my buys when I see a clear break of the yellow bar with a bullish engulfing candle.
Stay tuned guys.
Time to eat
Still holding The chart is self explanatory :)
I'll set to BE during this london session and look for additional trades
USDZAR-SELL strategy 4-hourlyThe pair has moved up sharply on gold movement. Now we have a stochastic that is neutral, but I feel judging pattern (a large triangle structure) and near high Keltner.
Strategy SELL @ 18.9150-18.9800 and place SL @ 19.0850 and take profit @ 18.7550.
USD/ZAR ↘️ Short Trade Setup ↘️Hello Everyone 🙋🏽♂️
Demand zone + RSI Oversold
🟠 EP 18.89879
🔴 SL 18.98955
🟢 TP1 18.77636⚠️( Close 33% of the trade and Set the SL on EP )⚠️
🟢 TP2 18.68988⚠️ ( Close 33% of the trade )⚠️
🟢 TP3 18.59142🔥 ( Final result)🔥
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
USDZAR - Daily Weekly Overview 13-12-2023Global markets not doing so great. Although we have seen some strength on ZAR, it has nothing to do with our economy. This will not last long. We expect short these coming few weeks of Dec 2023 and bullish from Jan 2024. We also have some Elections in April 2024. Micro economic factors are not making it easy for the Rand. Buy at Support Zone as show. Use proper Risk Management.
USDZAR🔥USDZAR ranges is over Probably..
The monthly candle closed as buys taken over probably..
Follow your Bias...this is just an IDEA/ANALYSIS
📈📉
USDZAR-RANGE 4-hourly chartCurrently we are under pressure and this may go further until somewhere 18.5150-18.5300. The overall pattern (daily chart is easier to see) is a large "W" shape, and we are supported trend line near 18.5100. The neckline of the W is somewhere 18.9350 estimated.
For those playing a larger play, may consider looking at this pattern, either by early entry or on break-out.
Strategy short-term is BUY near 18.5100- and place SL @ 18.4350. Profit @ 18.8575
or SELL near 18.8500-18.8800 and place SL above 18.9450. Profit order @ 18.5975 now.
Medium-term play consider BUYING near 18.5100 and place SL @ 18.3875 and take profit at 19.6550.
USDZAR - BULLISH TRENDUSDZAR bullish trend printing higher highs and higher lows. BUY limit, Stop Loss and TP defined.
USDZAR-RANGE trade 4-hourly chartWe managed indeed to move higher, and more than expected, which is normal for this pair.
we are out of bounds of downward channel, but still higher ranges are possible. There fore I see pattern as range bound, hammer tops and cross, but positive stochastic.
Strategy SELL @ 18.8450-18.8650 (SL @ 18.9750 and profit @ 18.6750.
Strategy BUY @ 18.6150-18.6350 (SL @ 18.5350) and profit @ 18.7550.
USDZAR Bearish MovePrice broke out of our bullish trendline(green) and went and retested our bearish trendline(red) . As long as price is below our red trendline price will continue to move lower
USDZAR-BUY strategy 4-hourlyThe pair has moved lower as expected, and perhaps little bit more.
The current situation feels its under pressure for further down move, but I feel with USD being oversold on others, and also we have a low stochastic, still positive, suggesting a BUY strategy now.
Strategy BUY @ 18.4350-18.4600 and place SL below 18.3750 for now. Profit order @ 18.6350.
GREENBACK IS BULLISHHey Traders, USDZAR Pair is on the bullish trend, based 4hr Timeframe and confirmation that 61.8% Fibb Retracement is within the Golden buy zone, this might hit TP4 by end of next week, enjoy your profit.
Bearish UsdZarWe are looking at equal higher lows for a double top on this pair before a bearish continuation
USDZAR- SELL strategy 4-hourlyThe pair has climbed during my trip, and did much better than expected. We have seen highs near 19.00 even, and declined towards 18.8200 area.
The stochastic is negative, and we are within a larger falls bull flag and we are moving within a large ascending wedge.
Strategy is SELL near 18.9000-18.9500 but SL should be above 19.0750 if one manages this far out. Profit order I think near 18.5450 and beaqring in mind support near 18.7600 for now.
Heading into Ki DezembaThe rand has now given back almost half of its October gains following the ill received CPI figures and SARB interest rate decision. The rand slide roughly 2.5% last week which saw the USD/ZAR pair touch a high of 18.96. Luckily the rand managed to keep the pair below the critical 50-day MA rate of 18.82, but a break above this rate could see the rand slide further towards 19.20 as we enter the month of ki Dezemba. It is difficult to gauge the rand’s moves but the rise in investor risk-on sentiment and eased liquidity conditions in fundamentally rand positive. The breakout of the downward channel and the break above the 200-day MA is however technically rand-negative.
USDZAR- In Bullish TrendUSDZAR Is making a Bullish trend as it is printing HH and HLs. And the trend is further confirmed by the formation of three white soldiers on HL. So we took a smart entry on the formation of three white soldiers on HL.
