Live Trade: USDZAR Short SetupIn this video, I breakdown my current position I'm holding on UsdZar to give you an idea of my thought process from HTF down to the 15M execution.
ZARUSD trade ideas
Bullish reversal off 50% Fibonacci support?USD/ZAR has reacted off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance.
Pivot: 18.2155
1st Support: 18.1280
1st Resistance: 18.4373
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Anticipating a dropPrice has been bullish until the 4h fair value gap got triggered at 18.50000. Now we have a bearish sentiment, because price swept the 4h liquidity before the mitigation. To strengthen this scenario price has cleared the swing low to give us displacement, we are now looking for a flip that will make a sweep and simultaneously mitigate the rejection block at 18.38950 for bearish positions. This rejection block resonates with our 4h fair value gap, however, we should be wary of the unmitigated zone above. Fundamentally USDZAR is expected to trade at 17.00000.
Looking to risk 600 pips in order to accumulate 3000 pips…
USDZAR-BUY strategy 4-hourly Heikin AshiThe pair is under pressure, and since GOLD may reverse a bit again, we should expect lowers level short-term.
For now, strategy BUY @ 18.1650-18.1850 and take profit @ 18.3750 and SL below 18.1250 for now.
USDZAR Temporary BearsUSDZAR looking to test 18.164 and rise slightly toward 18.354 and then finally drop from there, exploit this bearish move towards 18.164. Good luck
USDZARPrice was on an overall bullish trend, price finally retraced from a resistance zone and formed a change of character which indicates an overall change of the trend followed by a break of structure to the downside. We are looking to sell USDZAR based on the overall structural change from higher time frames D1 and H4
BULLISH IDEAHello everyone, we're trying to combine some strategies and all this is to try and perfect our entries, minimize risk, and multiply our rewards. Currently, we think that the market will touch the ascending trendline and drop down for what looks to be a wave 2 correction, and thereafter a long trip to the upside. Am not advising anyone to take this trade yet but let's keep watching for what we think will happen as the market unfolds.
Until then, stay safe, and may them nice setups appear before your screen so that we all WIN. nice trading.
Run of Lows Pending on USDZAR Before Breakout Higher 1D: Price reached equilibrium and began trading lower forming a new 4H impulsive leg.
4H: Price is in premium but with an order block resting above current price action, I'm anticipating a mitigation which open up opportunities to buy into the OB.
1H: Run of lows pending from 2 potential areas before a retrace candle to take longs.
USDZAR STILL BULLISH.. GOING INTO THE NEW WEEK.usdzar,still bullish, last HL 18.21415 on the 4hrs time frame, still not broken and through out 14TH FRIDAY the market has been ranging (4Hrs time frame we still looking at first TP:18.85195 and mayb higher 18.99764,we see how d market opens up.. This week with a bullish continuation... SWING TRADER
USDZAR-SELL strategy 4-hourly chart Heikin AshiThe pair has its run up as expected, and now w3e are starting to see some resistance above 18.3300. The stochastic is turning and think we may it slightly lower again.
Strategy SELL @ 18.2500-18.2975 and take profit near 18.1175 and SL above 18.3550.
USDZAR BuyUsdZar looking to buy from right shoulder of inverted h&s. Targets reaching 18.4 to 18.6 and beyond. Buy and hold as we exploit this common pattern.
USDZAR-BUY strategy 3-hourly Heikin AshiThis is replacing my cautious SELL update. We are changing direction, the pair has potential to move back above 18.2150 again. Gold is moving lower, and the pair is turning as well suggesting higher levels to be seen short-term.
Strategy BUY @ 18.0550 - 18.0950 and take profit @ 18.2350 for now. SL below 17.9650.
USDZAR-CAUTIOUS SELL 4-hourly chart Heikin AshiThe pressure is still downwards and we may see 17.9650 test (T-line support). I am cautious seller, as we need to carefully monitor GOLD, which is becoming overextended, same as cryptos.
Strategy SELL @ 18.0550 - 18.1250 and place SL above 18.1575 and profit @ 17.9650 for now.
USDZARI think the pair is bullish and it has made a pullback to a demand area and i want to see it pushing down to take out the low that is recently created to form divergence
USDZAR-WEAK SELL strategy 3-hourly chart Heikin AshiThe pair may have some counter movement south. The move higher was sharper than it should, and further GOLD holding up well.
Strategy SELL @ 18.2350-18.2850 and place SL above 18.3350 and take profit @ 18.0650 for now.
USD/ZAR: Bullish Outlook Amid Demand AreaThe USD/ZAR currency pair is showing signs of recovery as the US Dollar gains ground against the South African Rand. Our analysis has identified a significant demand area where the price is currently experiencing oversold conditions. This setup presents a compelling opportunity for a long position in the USD.
Non-commercial traders, often regarded as more informed participants, are currently holding long positions, indicating their confidence in the USD's potential to rise. In contrast, retail traders are pushing the price lower, which often suggests a contrarian opportunity to go long.
Moreover, our analysis aligns with the seasonal patterns of this pair, which historically show a tendency for the USD to strengthen during this period. Seasonality adds an additional layer of confluence to our bullish outlook, enhancing the reliability of our technical and sentiment-based analysis.
Given these factors, we are closely monitoring the price action for a confirmation of support in the identified demand area. Once confirmed, this would provide an optimal entry point for a long position in USD/ZAR. The combination of oversold conditions, bullish non-commercial sentiment, and favorable seasonality creates a robust setup for a potential upward move.
In conclusion, the USD/ZAR pair is poised for a bullish reversal as it recovers from oversold conditions in a key demand area. The alignment of technical indicators, market sentiment, and seasonal trends suggests a strong case for a long position. Investors should watch for confirmation signals to enter the market and capitalize on the anticipated rise in the USD against the ZAR.
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#USDZAR Down channel formingUSDZAR has been trading in a defined sideways channel 19,40-17,40 for close to 18 months. Early days, but another down channel looks like it might be forming.
If this is the case, 17,40 could be challenged in coming weeks and a break of the bottom of the the sideways channel at 17,40 could be on the cards.
USDZAR-SELL strategy 4-hourly Heikin AshiThe pair will remain being under pressure in light of US inflation data. We have breached major support around 18.0500 and further we have strong GOLD price supporting this as well.
There may be some pullbacks, but these will be short lived for now.
Strategy SELL @ 17.9750-18.0300 and take profit @ 17.7875 for now. SL above 187.0650.
USDZAR BullishUSDZAR is bullish as it sits at the bottom of this crab formation. I would like to see price pump up to 18.9 at least. With the resuming of power cuts in SA, production will be obstructed.
