USDZAR 14.67900 + 0.57 % LONG IDEA * PRICE ACTION AND STRUCTURE Hey everyone
Here's a look at the DOLLAR / ZAR from the 4H perspective Hope everyone is good and having yourselves a good weekend.
* The pair has been ranging at the base of a descending channel even saw a break below of the structure.
* This is until that impulse move with the bulls which saw a correction in the form of a bull flag.
* Looking to see continuation with the bulls so basically looking for a break above of structure to see continuation with the bulls.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
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If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Usdzarlong
USDZAR 14.706526 -0,1 % LONG IDEA * STRUCTURE & PRICE ACTIONHELLO EVERYONE
Hope the market has been good to you this week & hope you are having a great one, here's a look at the DOLLAR /ZAR from the 4H chart looking at price action and structure now the pair is trading at the floor of the descending channel now the RAND has had some great days against the dollar in the past couple of weeks but looking at the descending channel the structure has been respected and act as a correction to an impulse move which signals continuation with the bulls looking for structure to hold on the pair.
PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN as always many stars must align with the plan before executing the trade, kindly follow your rules.
AND AS ALWAYS PERFECT OPPORTUNITY FOR INTRA-DAY TRADE EXECUTIONS AT THE ROOF AND BASE OF STRUCTURE WITHIN THE FLAG.
LET'S SEE HOW IT GOES..
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 Bullish Bat ^^After retracement to the 0.618 level on the monthly Bearish Shark formation, USDZAR has printed a Bullish Bat on the weekly which signals the end of the retracement on the larger timeframe and a likely run to the upside at least to the 0.382 level which is the previous support not resistance on both timeframes.
LONG Idea for USDZARCurrently, the price is in the key zone and very close to Weekly 200 MA.
RSI is under 30 in Weekly, Daily and 4H timeframes.
The price is also touching 1.618 Fib level.
DXY (US Dollar Index) also hit major support level.
I think reversal is soon for USDZAR to continue bullish trend.
However, bears may push price to 14R level (Strong support level), it may reverse from there and continue bullish trend.
USDZAR - Trend Change and Diversion in place - Swing Trade 📍 10+ years experience in markets
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⏳ 1 day Chart analysis
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