We have seen ZAR very weak recently due to heavy RISK OFF and some weak zar data. I'm anticipating a RISK ON week which will see ZAR gain some strength, we, have weak PMI data during this week which will give us our prime level to sell I have 3 TP's set for this trade TP 1 - 15.17456 TP 2 - 15.02576 TP 3 - 14.64768
LITTLE PREDICTION ON THIS PAIR. FIRST IM WILLING TO SEE HOW PRICE REACTS AT THE LIQUIDITY POOL. BUT I BELIEVE IF WE MANAGE TO CLOSE OUR WEEKLY CANDLE AROUND THE BLUE ZONE WE COULD SEE SOME MORE UPSIDE POTTENTIAL, AND WE COULD BE LOOKING AT A NICE BULLISH SETUP FOR THE NEXT WEEK. IF YOU SHORT THIS PAIR AS I AM GIVING FIRST A SELL SETUP. USE GOOD RISK...
1- breakout was made 2- retest was made 3- price respecting our trendline So i believe there is much more upside movement possible. I will hold my take profit areas as the green lines, but i believe we will go up more. BUt i will be watching price once on this areas to monitor my trade.
Today we are revisiting the USDMXN Daily chart, in a previous COTD back in February we looked at the Daily price action and what was a potential shorter-term set up (take a look here. The Shorter-term set-up didn't pan out on the back of a weaker dollar and more exotic shift on the back of this. But as the Dollar films a little bit we are going to revisit as the...
Off the beaten track with an "EM exotic" trade.. and the first idea on this pair on tradingview PLNHUF breaking and having repeated closes below 2018 low opening up a move down to 72 area and potential retest of 2017s low 70 area
The USD/TRY currency pair is moving in a gradual uptrend. We can expect prices to fall towards the support formed by the trendline and possibly buy orders can be placed here
USDZAR, broke out of the Daily descending trend, and created short term Higher Highs. which validated a buy setup, now we wait for the next 2 parts of the trend to confirm that momentum has shifted. Once confirmed that momentum has been shifted. we can take another buy, by breaking out of the profit taking which we are in no, utilizing the same method as before;...