Hi Traders, Have a look and see if it will make sense to your bias. Good luck, FIBZ
Hi Traders, Have a look at this idea and see how it can fit into your plan. Good luck! Fibz
Hi Traders, Have a look at this idea and see how you can benefit from it. Good luck, FIBZ
Waiting for a break of the correction and double bottom to the downside and will then be looking to enter a short position on this
I am looking for long opportunities on EURZAR and what I like about exotic pairs is that they hardly range, they are always trending and soaring like an eagle, up the sky. I am targeting the A=C level. With the number of increasing Corona virus case in South Africa I think the South African Rand (ZAR) will be severely affected.
ZAR/JPY is an exotic currency pair that I do not trade very often. But I see an impulse wave carrying price up to resistance. Price touched the .618 very cleanly and moved up.
Nice breakout, retest opportunity for the continuation set up!
USDSGD - Long.. Price has currently formed a double bottom at a key zone so depending on how aggressive you are you could enter now. I am waiting for price to show some weakness so until it doesn't test a previous days lows, gives an engulfing candle or a nice hammer candle then i wont have a reason to enter. Lets see how it plays out.
We still below a daily trendline. So we should see more of a drop on this exotic? See if this fits into your idea and follow if you like our ideas! Regards, FIBZ
USDMXN is coming out of a bullish reversal contraction which has found support at an important DC level 18.89460, only then can we focus on trading till the TP levels (green). The main two resistances price action needs to break are 19.04180 and 19.12485. TP #1 - 19.27560 ( pips 3299 / RR 2.27 ) our profit target TP #2 - 19.36510 ( pips 4190 / RR 2.90 ) SL -...
A nice inverted H&S pattern at a daily support level (channel) Waiting for a break and possible retest of the kneckline and will be looking for opportunities to go long. Will see how it plays out
USDMXN Form Head and Shoulder Bullish Pattern already broke down trend line and head of pattern on demand area @ 19.0190 Volume Profile show accumulation area before explosion MACD showing Buy Signal
USDMXN broke down trend line on H4 chart on accumulation area @19.1300 the same area was past support Volume profile show strong attitude for this pair to be bullish till HVN area MACD show buy signal
USDZAR broke up trend line and full down up correction wave end now , 50% Fibo reject price Strong key level also @ 15.0500 reject price RSI on H1 show sell signal volume profile show hard resistance on the same level plus it's Round number , which banks use it to change price direction
Price currently at trend line acting as our major resistance point on day chart. Two major support levels highlighted for potential TP's and SL should be kept around 250 pips above trendline.
USDSEK has been bullish for some time at its all time high and it looks like the bears will eventually come through 1) First thing I noticed is a clear head and shoulders 2) My trendline was broken by a bearish candle which shows the supply for this pair 3) Looking for retracement and continuation to the downside. Fib level lines up perfectly.. Looking for price...