The South African Rand is trading in a channel down against the Yen in force since late June. The last four sessions were marked by a lack of distinctive direction, thus driving the rate sideways. Subsequently, the Rand plunged swiftly mid-today, thus reaching the lower channel boundary. The given move has pushed technical indicators in the strongly bearish and...
ZARJPY is in bearish trend within a LT (bullish) falling wedge reversal pattern. I do not think it is ready to break higher and I expect another large leg lower to retest the bottom of the wedge. Currently near resistance, it offers a great Risk Reward Ratio for a short.
Looks like we can go short here.
Butterfly plus 2618 trade is coming along, we can expect channel brake as well..Price have been in uptrend for some time now.
Hello everyone, we have an opportunity to SHORT this pair. I have highlighted the targets on the chart.
For any questions leave a comment or DM me.
Good Luck
So I took the PRO Trial.....WHOA.........I can use renko intra day now........WOW!!!!!!!!!!
Time for me to collect more pips.........
Regular candles is just too much information for my strategy.
Well; this pair is the only pair I can trade right now (which is more than likely a good thing). The most difficult thing about this pair is the wide spread.....going short....i mark my chart on the Japanese candle then switch to heiken ashi to see when to exit.
Hi guys,
I believe the ZARJPY will be a good buy. Look for the break of structure and use a tested trading strategy to trade it.
Thank you for your support.
In an effort to follow a strict money management programme; I choose this pair. Short signal.....for now at least.
Renko helps me with support/resistance recognition.
