Usdzarlong
USDZAR LONG on a Geopolitical and Technical basis #ZAR I have bought USDZAR. FX:USDZAR
Civil unrest has erupted in South Africa after the arrest of former president Jacob Zuma.
The currency pair has been in a downtrend since April 2020 and has just broken the downward channel to the upside.
I prefer trades with such a confluence of factors working in their favor. Let's see how this plays out.
- Sure Capital
USDZAR Looks Strong Bullish 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 are expecting to see the price once again 15.20000.
USDZAR 14.28480 + 0.17 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDZAR 14.28480 + 0.17 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR .
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USD / ZAR * TECHNICAL BREAKDOWN SWING IDEA STRUCTURE & PRICE ACTHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / ZAR.
* LOOKING AT THE DOLLAR ZAR FROM HIGHER T/F LOOKING
FOR DIRECTION, STUCTURE & SENTIMENT WE SEE THE PAIR
HAS BEEN TRADING IN AN ASCENDING CHANNEL RESPECTING
STRUCTURE TO AN EXTEND.
* POSSIBLE SCENARIO 1 - WE COULD SEE A BREAK BELOW / FAKE OUT
TESITING SUPPORT LEVEL 11.53256,
OR SCENARIO 2 - STRUCTURE WILL HOLD AND WE'LL SEE THE DOLLAR
REGAIN STRGHTH AGAINST ZAR. ONLY TIME WILL TELL
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
USDZAR inverted hear and shouldersIf the pair manages to break above the 50-day MA and the downward channel from 2020 (which also lines up satisfyingly with the 100-day MA) we could see a move towards 15.65 and the completion of the inverse head and shoulders pattern. The rand has however been resilient to the broad based dollar gains this week. The MACD also seems to be rolling over which is rand negative.
USDZAR Triple bottom buying opportunityAnyone who has studied chart anatomy will recognise this trading setup, no surprises here. Prices trade within the range three times (We are heading to or are already on our third bottom, preventing future declines. Will the USDZAR price descend below these prices in the foreseeable future? I don't think so, at-least not in a long time.
Am I saying you should buy the USD?? No, I'm saying DYOR.
Confidence level 8/10
Please like and comment your thoughts. Interested to know what you think about this idea.
Goodluck!