Very similar scenario to the EURNZD trade posted earlier. After a very strong bull run the pair entered overbought territory and we see a bit of a spinning top what it is usually a sign of weakness. It has a lot of room to run and very little support on its way what makes the R:R on this trade exceptional. How do I play it? There are 2 entry points : - We can...
EURZAR short intraday/swing trade setup Sell 15.73300 SL 15.84046 TP 15.60558 80% and trail the balance Descending triangle broken to the down side, enter short on the retrace to .2360.5 fib zone
Zar Fundamental Quant Score: +33 - Retail sales grew to 1.2% showing consumer confidence in South Africa - PPI breached forecsats by 0.1% which is healthy for producers - Interest rate decisions had no signs of dovish action so investor money flow should continue flowing into South Africa - Trade balance showing a huge surplus Technical Analysis - Daily Sell...