usdzar showing alot of weakness ,price looks oversold, bullish momentum is very low.anytime we should see price dropping after completing wave b. our wave c should impulse .Patience and proper risk management.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDZAR formed a head and shoulder pattern which might give us a great shorting opportunity on breakout of the neckline. What is your bias on USDZAR?
After a long bearish trend for USDZAR over the past two weeks, finally, the price was able to reach the weekly support cluster. We can also see the loss of momentum as the price approaches this zone. Moreover, there's formation of a bearish channel on the zone which signifies a potential reversal. To buy the market wait for the breakout of the channel then buy on...
Currently on a short position but looking for a long position @ 12.70 this will take sometime to manifest but worth the wait as there's money selling to the awaited level. Have a great trading week & all the best on everything!!!
South African Rand strengthens over a weak dollar after a week of looting, the Government, especially the eThekwini municipality announced that there will be a financial aid plan for affected businesses and more.
THE RAND SEEMS TO BE AT A VITAL THIRD TOUCH ON THIS MONTHLY TREND LINE, JUNE HAS BEEN A STRONG BULLISH INTENT TO MOVE BACK UPWARD.
price has created a falling wedge pattern and we looking for a bullish reversal
FX:USDZAR A retracement forming on the 4hr after an elliot wave formation during a downtrend. likely reversal into an uptrend after the full retracement completes.
Hello team, we currently spotted a head and shoulders at supply. with a great risk to reward shorts are recommended. kindly leave a comment
Looking for further USD weakness Reward/Risk: 2.38/1 Entry: 14.5041 or at a higher price Stop: 14.7600 Target: 13.9300 Quantitative Models > Narratives
Hello team, price broke our trend line and has created a sideway trend. lets focus on what price and structure.
USDZAR we will only buy when price reaches the support zone don't be impatient chasing the sell move right now
patternBy following the D1 TF and by zooming out, it's clear that we have a CUP AND HANDLE validated pattern, please just follow the path to trade
based on charts patterns, and price action strategy, it is clear that by following the move, consistent profits can be made. good luck to all
Be sure to look for an entry on the ride up!! follow and subscribe 😉 Thank you!!