AzaraFx

AzaraFx Updated 

A potential move to the upside or downside depends on whether the price closes above or below the daily support zone. If the price closes above the support then TP can be set to 131.443, while if the price closes below the support area then TP to 128.509 should be good. Could make for a good risk-reward ratio. Will monitor this pair closely for possible entry...

AzaraFx Updated 

Possible Swing trade to the upside for the long-term. I'll monitor pending fundamentals due to Ukraine & Russian tensions which could also influence entry. Poses a good risk-reward ratio. Please let me know in the comments your thoughts on this trade.

AzaraFx Updated 

Potential buy opportunity on the retest of the daily support for a long-term movement to the upside. Entry will be ideal on the lower timeframes considering the formation of an inverse head & shoulders pattern. This trade poses a great risk-reward however, please take note that the pair is an exotic pair and with the Ukraine-Russian tension there could still be...

AzaraFx

Potential buy setup. I will await confirmation according to my trade plan for entry.

AzaraFx

The third touch on the trendline could be rejected for push downtrend. Although, it should be noted that the pair has made new higher highs so careful monitoring of this pair is important. Potential entry @ 0.87684 SL: 0.87931 TP1: 0.86834 TP2: 0.85692

AzaraFx

Potential retest off the trendline before continuing downwards due to the strong bearish momentum on the pair. Anticipating a break of the support zone as the area has been tested several times. SL: 1.64812 TP1: 1.62506 TP2:1.61348 Let me know what you think in the comments below.

AzaraFx

Retest and enter at the completion of the retest for a long. Possible entry @ 1.70549 SL: 1.70057 TP1: 1.71654 TP2: 1.72970

AzaraFx

Retest off the trendline for a short. A risk-reward ratio of 1:3.88. SL: 1.18882 TP1: 1.17692 TP2: 1.17016

AzaraFx

Potential buy opportunity. Possible entry at the completion of the retest. Watch out for the wicks.

AzaraFx

Just an idea on potential buy setup on EURNZD. Previous minor support broken, there's still a strong bearish momentum on the pair. Will provide an update later should there be an opportunity to enter.

AzaraFx

Enter on completion of the retrace. Short-term trade with potential for a swing trade Price is testing an important support zone. Be careful of the stop hunts that may arise. Risk-reward ratio 1:3.1 Entry @ 1.69255 SL: 1.68190 TP1: 1.70820 TP2: 1.72558

AzaraFx

Trade within the channel all the way to the major resistance.

AzaraFx Updated 

Price is at an important area of support on the weekly chart, I anticipate price to bounce off this area of support and head in an upwards trajectory for a bullish movement. On the 4H chart we see that a new ascending channel can form and as such, I expect the pair to trade within this channel. Retest appears to have been completed. A great potential swing trade...

AzaraFx Updated 

Reversal at the downward trendline on the 4H and the pair has formed a symmetrical triangle. I expect the price to trade within this triangle and then hitting the first take profit before proceeding to take profit two to potentially form a double bottom. Risk-Reward Ratio: 1:4.52 SL: 1.75785 ( -69.4 pip risk) TP1: 1.73662 TP2: 1.71955

AzaraFx

My analysis of how USDZAR can potentially play out over the upcoming days. I'm anticipating a reversal at the 61.8% fib level. Will update on the trade as the week progresses. What are your thoughts on the pair? Hit the comment button and let me know what you think.

AzaraFx Updated 

Price has reached an area at which I expect growth from. I anticipate price to bounce off the daily upward trendline for a buying opportunity, albeit there's still heavy bearish momentum. Price has reached also an important area of support from which a buying opportunity is highly probable. Confirmation of candlestick patterns should give signal to enter. Risk-...

AzaraFx Updated 

Formation of a double top on the weekly, daily, and 4H chart gives a strong indication that price will head downwards after experiencing bullish momentum for a period of time. Price is also at an important area of resistance at which I expect the price to be rejected and head downwards to form a bearish momentum. Trading this pair using the breakout...

AzaraFx

I anticipate a formation of a triple bottom on the 4H chart and a double bottom formation on the daily chart. Price has also reached the weekly support zone which has been tested before (blue zone). On the monthly chart the same zone has been a critical area of resistance, I anticipate this zone to be broken on the monthly chart to continue an upwards trajectory....