Tripple-top reversal patternPotential a-b-c corrective structure back to the top to give us a tripple top before heading South. risk reward ratio of 1:5.
EURZAR trade ideas
EURZAREurzar buys, tk cross below the cloud rsi above zero, and Kumo flipped bullish. Price action is creating an N wave formation it's on the last leg of the wave. Tp is marked by the fib extension tool.
EURZAR `` SHORT OR NORTHSimple throwback.
Market cycle.
The likelihood of reversal is more likely.
If D1 candle doesnt break the resistance, I'm looking forward to SHORTS.
EURZAR H1 SHORT SETUP IDEA, 02 MAY 2022This pair has broken the range to the downside on this time frame, pulled back to test the previous support turned resistance and now price looks like it could continue its downward movement. Resistance is @ 16.713 and the bearish target for the short trade is @ 16.462 on the hourly time frame. However if price moves to the upside and breaks the resistance, that will be the signal to exit the trade.
Trend continuation ( Triangle)Trend continuation 30 time frame. after being in a bearish trend (the pole of the flag) moves into the bullish parallel channel. The current price is at the middle of the channel. Two possibilies are here; The bearish flag pattern will come into play and price will drop sharply if it breaks down the channel. However the breaking above will result in bullish continuation and one can enter.
EUR~ZAR POSSIBLE MOVESEUR~ZAR gave us a beautiful impulse to the upside, so for us to continue bullish we"d like to see price break above resistance and retesting the zone in a form of flag completing the possible head and shoulder pattern once that has happened we can confidently go long with the pair.
EURZAR A descending wedge on the daily time-frame confirms a strong bullish market in the long term with the completion of the third touch on the support level. A break of the descending channel on the H4 further solidifies the pattern within pattern strategy, strengthening the bulls momentum on this pair.
EURZAR FORECAST DONEEURZAR forecast....Here we are looking for BUY opportunities.. we see a clear descending channel with a pattern within pattern structure giving ours opportunity to go long...You can wait for price rejections at the bottom line before entering buy or either wait for breakout of small pattern within big channel then enter buys...once price break that horizontal line then our setup will be invalid
Signal= forecast buys on eurzar
Tp=open
Sl=open
Trading Trend Line Break (The Entry)Draw a diagonal trend line connecting the lows. Four or more touches are the best trend lines. Next, wait for a daily close below the level. Enter at the close of candlestick. The next entry comes on the retest of the trend line if it occurs.
EUR/ZAR Short Trade Alert - Price Target R12.10TRADE ALERT: EUR/ZAR
IDEA: SELL (GO SHORT) -
Would you BUY or SELL and WHY?
PRICE ACTION: (BREAKOUT of an Inverse Cup and Handle)
TIME FRAME: DAILY
FUNDAMENTALS:
Some policymakers at the ECB (European Central Bank) have said the situation in Ukraine could cause the ECB to slow its exit from stimulus measures.
Then we have Russian forces which have seized Europe’s biggest nuclear power plant.
Almost, a week later and electricity and fuel prices in Europe soared.
This then led to the Eurozone’s inflation level hitting a record high of 5.8% last month.
Strategists also worry that with the rising energy and gas prices, this will hit Europe’s economic growth prospects.
And so, with the escalating Ukraine-Russia conflict, there is a domino effect on Europe, where the euro continues to fall against major currencies.
For one, the euro slid to its lowest price level in 21 months, against Britain’s pound.
It also dropped to a seven-year low against the Swiss franc.
We also saw the euro drop to its lowest level against the US dollar in 21 months as well as the South African rand.
when the euro falls against them, the rand tends to strengthen as I showed you in the chart above.
DO YOU AGREE with the analysis?
EURZAR 17/03/2022Monthly:
-Bearish W pattern.
-H&S pattern.
-No structure that could stop the price until the next monthly low.
Weekly:
-Expecting to reache the BOC.
Daily:
-Bearish W pattern.
4H:
-Bearish W pattern.
-H&S pattern.
EURZAR | Bears Still StrongEURZAR has been trading in a bearish parallel channel and just recently broke the channel. The barometer now is the falling trendline, which will helps to short on strength.
Alternatively, break above the falling trendline will call bulls back in the party and long positions should be open.
Trade your levels accordingly.
EURZAR | Important ZoneEURZAR has been trading in a bearish parallel channel, making lower highs and lower lows. The pair current price is at the support of the channel and we see a pause in the price action.
We expect the price will reverse from here and increase.
To negate this view, price must break support and trade below it.
eur/zar long An inverted h & s model is created in EUR / ZAR. Because the pattern is created in a reversal state, this state can be identified as an acclumation state at the moment. This is currently in a strong demand zone. (If you have not previously traded in an exotic pair, please refuse this)
EURZAR | Bearish Flag EURZAR after being in a bearish trend (the pole of the flag) moves into the bullish parallel channel. The current price is at the middle of the channel. Two possibilies are here;
The bearish flag pattern will come into play and price will drop sharply if it breaks down the channel.
However the breaking above will result in bullish continuation and one can enter long
Trade your levels accordingly.
eur /zar long hereEUR / ZAR is currently developing the accumation theory in an inverted h & s format. Therefore it is planned to long oder
EURZAR AnalysisWe can see a downward trend continuation in the asset, as it is making lower highs It has also failed to break the previous low
EUR/ZAR Buy Confluences:
Been in a uptrend since June 2021 on the daily timeframe
Double bottom (on the daily chart)
Bounced off a daily support level
Bounced off the 78.60% level on the daily chart
I haven't entered yet, I'm waiting for todays candlestick to close
EURZAR BUYS STILL EXPECTED We're still looking for Buy opportunities in this pair, market still respect our set up now we are at crucial level where we can expect buys to kick in or if not so we going to wait for rejection at the support then enter more buys ...please remember if market breaks that support our set up will be invalid and you can exit trades to cut loss
Signal= Buy Eurzar
Sl=open
Tp=open
Please like if you find this analysis helpful
Thank you
