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...
If I get stopped out, that woiuld only mean price wants to test the other golden level. My confluences had all lined up. *Disclaimer* This is not financial advice. Forex trading is a risky business. Exercise proper risk management. #TradeLikeMagnatrio
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.
Your entry criteria is also your reason for exit. Luckily, our TP was hit and immediately, started forming a falling correction. If this forms in a downtrend, 90% of the time, price is going to reverse. My second confluence is the divergence on my RSI. My third confluence is the 8 & 14 EMA cross over on the M15. Another confluence is the trendline violation. So...
Looking to make another sniper entry here.... then scale in. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key #Trade_Like_A_Magnate
As anticipated last week, USDZAR did go for a trendline retest, gave us a rejection, we made an entry and held. This is the progress now. Profits have been locked in order to have a risk-free trade. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. #Trade_Like_A_Magnate
The original idea was posted yesterday. *Disclaimer* This is not financial advice. Forex trading is risky. Trade at your own risk. #Trade_Like_A_Magnate
usdzar break of structure to the downside and a retest with a fib golden zone of 0.5/0.618 rejection
We have seen USDZAR price was falling like Skyfall the last couple of weeks, and all the Bear was enjoying the fall, but now it's Bull time. If you closely see the USDZAR daily time frame, it's already breakout the downtrend channel and creates a good reversal umbrella pattern. Right now, it consolidates the support level, which is good for me for further up. We...
We may expect more down USDZAR seems to more more bearish.
price has created a falling wedge pattern and we looking for a bullish reversal
After some consolidation looks like we have a breakout - target R15.30 to the Dollar
USDZAR Forecast and Analysis Today 3 March 2021 : look to Buy USDZAR For today 2021
Hello team, we currently spotted a head and shoulders at supply. with a great risk to reward shorts are recommended. kindly leave a comment
Hello team, price broke our trend line and has created a sideway trend. lets focus on what price and structure.
USDZAR is already over sold and but there is more vision about sell as you can check in the weekly candle i will be retouch the 140.0000 but for medium term is should be retrace back their is a possiblaties as well. entries should be applied if all the rules are applied. do comment or Dm us