The pair has indeed moved higher as I felt would be the case. and slightly stopped before the profit level of 19.1150, but near and good enough above 19.1000 exiting. Now we have moved lower on GOLD price increase, even I felt it would move lower first. This still may be the case. Strategy SELL @ 18.9650-19.0100 and place SL above 19.0350 and take profit @...
USDZAR on the daily timeframe presents an intriguing technical setup characterized by the formation of an ascending triangle pattern. An ascending triangle typically indicates a bullish bias in the market sentiment. Consequently, there are two potential scenarios to consider. Firstly, the price action may encounter support around the lower boundary of the...
this is a bit riskier i am taking a huge precaution my buystop has been hit few pips can make a difference. happy Easter weekend
Hey Traders, Lots of traders are looking at the USDZAR and current price action areas. Particularly this comes at key resistance/rejection areas. Watch for more.
The SARB will announce their latest repo rate on Thursday and expectations are for the SARB to leave rates unchanged at 8.25%. The SARB will lag the Fed when it comes to rate cuts so South Africans should, on a best case scenario, only expect rate cuts in the back-end of the year. The SARB will not cut rates until the Fed has started cutting rates. The rand...
When we moved lower, I thought am wrong, but the SL 18.8350 has not been violated. The market is side ways for the pair, but think considering GOLD think we have a chnce first to see higher levels. Strategy BY @ 18.8650-18.8900 and place SL below 18.8125 now and take profit @ 19.1150.
Even though the pair may descend later again, the current state is attempting higher levels. I feel we may see 19.10-19.15 area before we will see lower levels. I would prefer with a positive stochastic, and also the room we have higher, to BUY instead. Strategy BUY @ 18.9650-19.0000 and place SL below 18.8350 and take profit @ 19.1250 for now.
Longsss babbyyy -break, retest and continuation of falling wedge -Right shoulder and within session -my FXBook correlation
The pair is poised to move further south. The stochastic remains negative, and we have retreated from the GANN resistances as shown on the chart. Strategy SELL @ 18.8850 -18.9150 and place SL above 19.0500 and take profit @ 18.7350 for now.
USDZAR SEE A POSSIBLE BUYING OPPORTUNITY AS PRICE APPROACHES OUR BULLISH ORDER BLOCK. just above our order block we see that price left an imbalance that needs to be filled. USDZAR:POSSIBLE BUYING OPPORTUNITY
Based on the chart, Im seeing nothing else but a sell from here. Weekly has a crazy divergence between the price and the RSI. A Top was created in February 2016. Range 19 to 20 rands is a liquidity area. from here if price does not break above 20 rands, then expect more price drops from here. Based on my TA, from November 2023 till 22 January 2024 we were in a...
Dollar is gonna be weak this week so we looking for bears on usdxxx and bulls on xxxusd
Using the EUR/USD currency pair, we will provide an example of how and when to buy or sell forex. Let’s say you want to buy the EUR/USD. If the EUR goes up in value relative to the USD once the trade is sold, you could have made a profit (depending on commission and other fees). A trader in this example would be buying the EUR and selling the USD a...
I suspect we may see lower levels again, as we are reaching high GANN levels again. GOLD is likely to recover due to the expected move higher of crypto's short-term. After all, they all had a steep fall. Strategy SELL @ 18.9950-19.0350 and place SL above 19.1250 (give it room) and take profit @ 18.7150 for now.
Here is a good Risk Reward Trade. I am looking at a Wolfe Wave/Geo Wave by @4xForecaster . Divergence on all the Time frames. This educational . Please trade your own Rules and Trade what you see.
The pair has moved higher as expected, and now we are at a cross road GANN resistance around 18.9500 area. The stochastic is positive, but am not convinced for move higher as yet, unless we break through. I prefer to stay side-line based on the chart. Will update if there are changes.
Price has potential to move higher upon the retest of the hourly bullish orderblock which is inline with the ICT OTE. Wait for lower timeframe bullish price action to confirm the move.
One of my least symbols to trade, but here I am today, this pair is currently trading in a box pattern. Technically I'm currently bearish waiting for my second entry at fib level 38.2%