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Usdzarlong

USD/ZAR Bounce or Break - Please Read ContentsThis chart is for study and education purposes, and in no wise constitutes a signal . We must watch price action before considering a position to take. Will price bounce or break off this key level in the market? As of now it appears that it is re-testing this key zone to make possible further movement up. If you look also at the noted key support, it appears we may have a double bottom , where price tested the low twice, and is not yet ready to break beyond this point, at least at the present time. Hence I have this noted as a long; however, it all depends on how price action plays out at these key zones. However, this must be confirmed by watching how price reacts to the key zones as noted. IF price buys, I would look for it to buy to the zone as noted, which also would close the market open gap for earlier this week. If you enter this as a trade, you do so at your own risk. Always use proper risk management with all trades. Please refer to my educational post linked below to aid in study. I now offer individual or group mentoring outside of the educational platform to which I belong.. Please inbox if interested.
Long
by mrsceleste
2
USD/ZAR Refer to Previous IdeaThis idea is for demonstration and education purposes. If you trade prematurely you do so at your own risk. Study your confluences before entering. Please refer to my idea linked below for a descending wedge, which I called last week. The idea still stands and often the idea is not for now but for some time in the future. The market doesn't move in a straight line and we don't move the markets. We find the best point of entry and take the ride. We have to exercise patience and wait for our ideas to play out. Best way to trade this pair is zone to zone and entering at key levels in the market, after WAITING for confirmation. We see we got an impulsive move to the upside and a pullback. Now we WAIT for confirmation. The impulse is not the confirmation, but we must have a retest to follow. Also, study of other confluences as well before entering, such as moving averages, key zones, etc. Often WAIT is the most important part of the game. Entering too early will cost you your capital.
Long
by mrsceleste
USDZAR Still SHORT but Watch Out Trendchange LONG to comeHello to all watching my charts. Here in USDZAR we have a nice chance to get a look at a trend change to long. The pair is still SHORT (in my blue longtime shortchannel) but has been made a nice Long try in the shortterm green channel as well and now: Watch out 1. the red marked line and 2. the blue resistance line in the range 14.68 Both lines have to be skipped and than we have a nice Long. Please check that and have an eye on it. If you want to know more about my trading style send my a mail. Good trades Renkotrade
Short
by Renkotrade
1
Potential Long USDZAR on 240min Using our Elliott Wave Indicator suite for TradingView we have found a potential Long 5th Wave move on USDZAR, for the 240 min time frame. Looking for an entry Long Entry above 15.2000 with Stop loss just below our wave 4 on the chart attached. The Entry is conservative as our 6/4 MA High has already been broke, but we must take into consideration the recent pivot just below 15.2000 and our Elliott Wave Oscillator was broken. The wave 4 was pretty deep, but hung on to our Red pull back zone, which represents a 75% probability that the price will go on to reach our automated 5th wave target zone at 15.5000 as shown in blue on the chart. Our parameters for Elliott wave oscillator were broken slightly, but it has crowned since. Our False Breakout Stochastic has yellow dots in the over bought zone, denoting a strong Bullish trend is present. When the stochastic pulls back against these yellow dots and crosses in the over sold zone, there is a strong probability the stochastic will return to the over bought zone. Learn more about our Elliott Wave Indicator Suite for TradingView by watching the video tour >>HERE<<
Long
by xBratSoftwareSolutions
USDZAR Forex cross pair technical analysis and trading forecastThe US dollar and Dollar Index DXY are pretty strong creating new demand levels in a clear trend. There are many USD Forex Cross pairs and exotics pairs like USDZAR that also have a clear uptrend and bullish bias creating new weekly demand demand imbalances. We don’t need complex Forex trading strategies to locate price levels to trade on USD Forex cross pairs, we just need to locate imbalances and impulses that are strong enough to accomplish something. USDZAR Forex cross pair is such a case. Having a new imbalance located on the charts does not necessarily mean that price will retrace to it, many times the underlying asset will just keep on moving in the expected direction without pulling back. This is the case right now on USDZAR Forex weekly timeframe where price has not been able to retrace to strong imbalance located around 14. As a Forex trading beginner you want to avoid complexities, you want to have a clear view of where you can place your trades without having a PhD on economics or being glued to your computer all day long trying to scratch some money out of nowhere. Forex trading for beginners should not be that difficult if you eliminate all the noise.
Long
by AlfonsoMoreno
Classic buy setupTriangle pattern breakout completed Level re-tested as support Buy signal printed by price action Pinning 21 sma Buying at market price 15.43022 with # SL below the pin bar @ 15.36966 and # TP as per triangle range to target @ 15.81607 1:6 Riskto reward ratio Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. Happy trading :)
Long
by Cmasterza