Looking at the bigger picture, we had a fail at the second touch to push the price higher. Price is starting to squeeze at the top and we had a fail swing that has formed. Looking at a possible correction towards the downside (Aggressive) Sell around 15.3665 Trail around 15.49250 and so on
Have been shorting this since last year and it’s still a bear. 14.54988 represents a critical support and resistance zone. price bounced and rejected off this level multiple times. At H4, price broke the ascending trendline and has pulled back, CMP currently at 61.8% fib level. If price breaks above 15.00000. setup will no longer be valid
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Price to drop from here as was not able to break falling trend line
USDZAR SHORT SHORTING FROM 15.08 TP 1 1000PIPS TP 2 5600PIPS To get involved with mentorship or get more trade ideas; contact me. Instagram @VARGOSCAPITAL
Hi Guys, I really love this pair because its very specific in the way it moves if you have spent enough time with it. I kept this analysis simple because I don't see any major bullish opportunities because our analysis of the dollar is not strengthening anytime soon. But this is the market keep your eyes neutral and stick to your plan! Good luck, Fibz
Short entry already taken on USDZAR due to break of consolidation area between 15.08 and 15.46. Trade to target 14.6 and 14.21
Check for retest in lower time-frame and open position.
Open position after retest> Long term sell
OANDA:USDZAR Are you ready for this ride... Details on the chart, Happy weekend, Pipdify, Tamilkumar
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African Rand will strengthen as M chart shows hidden divergence. Short this pair.
We can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt. In this game if you rush into...
We can see marked out on the chart a strong area or support and resistance, we are expecting price to make its way into this zone and when it does we will be looking for a buy... Patients is key in trading and if you don't have any the markets will pull your pants down and shove a rather large hard object somewhere that might hurt. In this game if you rush into...