A very Short positionWe've just witnessed a clear break out of an Ascending channel and the journey looks a bit longer
EURZAR trade ideas
EURZAR Forecast UpdateEUR ZAR going up more than I thought, and it will possibly follow a 3-4-5 wave before it drops. The bullish side is risky because it is in an open area, so some monitoring is required.
Overall, we have bearish interests.
EURZAR SND ForecastEURZAR looks bearish toward 17.12203 with two price targets. Right now the price is trading against the B area and needs to break C for a bearish continuation.
Goal: 3342.2 Units (EURZAR)EURZAR Target Price 17.731. Pin Bar tail protrudes through a previous pivot point at price 17.327.
Perfect automated detection of Shark & Nenstar PRZ - ShortA Bearish-type Shark pattern occurred within the resistance zone of 17.475-17.619.
(In this resistance zone , there was a rebound in Feb 2022, Dec 2021,...)
If the price rises to 17.774, a Bearish-type Nenstar pattern is likely to occur.
Short after seeing the rebound.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators below.
- Harmonic auto-detect PRO
- Support/Resistance Zone Auto PRO
EURZAR Trade Idea On September 6th 2022EUR/ZAR hit take profit from the September 6th, 2022 trade idea.
Link To Chart:
Link To Image:
EURZAR +1265.9Bullish Engulfing Candlestick formed on Pivot Point, EMA 10, and EMA 20. Expect EURZAR to move +1265.9 units.
EURZAR $EURZAR Initial ShortEURZAR $EURZAR Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EURZAR | Parallel ChannelParallel Channel formed on the EURZAR currency pair. Short Market Execution Order.
EURZARPrice closed below 200 weighted moving average and alligator indicator. Price is also having strong momentum to the downside off the golden zone.
Time to Hold some positionsPrice break the trendline for a long time and retesting it, Head and Shoulders pattern and price retesting 20 & 50 SMA
EURZAR, a positive swap trade.Shorting EURZAR is currently yielding a positive swap interest, but any "carry" trade must also choose a good entry. The weekly chart can provide us this entry.
Last week, a bearish pinbar candlestick emerged and is seeing continuation this week so far. If this is confirmed by the end of this week, an entry makes sense. The trend is also bearish (lower high, lower lows).
On fundamentals, this is neutral to slightly bearish. ZAR is an exotic, more fragile currency. But the current climate makes the EUR very unattractive (conflict with Russia), while South Africa remains neutral.
EURZAR 4.91% Price IncreasePrice closed above trend line. Retest occurred at trend line. Enter a long position.
EURZARBullish trend seen in an hourly chart. It is expected that it will continue this trend for the coming hours
EURZARBullish rally is seen with series of HH, HL, It is expected that it will follow the same upward trend.
EURZAR Rejection Candlestick Formed On H1 Chart Enter a long position for currency pair EURZAR. Target previous swing high for take profit.
EURZAR $EURZAR Continuation LongEURZAR $EURZAR Continuation Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
