Trading Ideas
Mon, 04 Dec 2017 21:47:16 -0600
I will sell the breakout.
USDZAR Cypher pattern
Fri, 01 Dec 2017 13:53:11 -0600
Probably going to hit the roof but umm.. all or nothing right
Awaiting completion to D leg then buy
Fri, 01 Dec 2017 06:47:27 -0600
awaiting completion to D then BUY. TP & SL given.
USDZAR: Nice long entry here, trend is up, but volatile
Fri, 01 Dec 2017 06:20:38 -0600
$USDZAR offers an optimal long entry here, risking a drop just under 13.5490. Best of luck! Ivan Labrie.
USD/ZAR 1H Chart: Two channels prevail
Thu, 30 Nov 2017 01:28:10 -0600
The US Dollar is currently trading in a long-term channel up against the South African Rand. The pair reached a 2017 high of 14.5422 on November 13, breached the previously prevailing ascending channel (drawn with dashed lines) and subsequently initiated a new wave south. If looking at the junior pattern, the Greenback should test its upper line circa 13.85. However, the 55– and 200-hour SMAs which have limited the pair for the past two weeks are located nearby. Even if the pair edges higher, the pressure of the monthly PP, the 200-hour SMA and the weekly S1 near the 13.90 mark is likely to reverse the pair back down. Meanwhile, the bottom boundary of the senior channel is located circa 131.10. The US Dollar could push for this mark during the following two weeks.
USDZAR - Long - Trend continuation
Wed, 29 Nov 2017 15:15:56 -0600
See charts below. Long @ 13.662 Because this is a more aggressive entry point, I set my position size and SL to minimize the loss should it not go in my direction. I am also able to add to the position once trend has been confirmed on lower time frame (1h). 1M: 1W: Down trend broken following consolidation breakout where newly HH/HL formed. Current pullback close to support zone.\ 1D: pullback to 76% Fib. Pullback could continue, however if it did it would question stability of up trend. I maybe early, but I am expecting trend continuation. 4H: 1H: This is a more aggressive entry point. More conservative approach would be to wait until up trend has been established/confirmed on lower time frame.
Wed, 29 Nov 2017 11:09:26 -0600
patience is the key!...we must watch what price does at that zone, there might be a bit aof conslolidation before price break out£
expected turn out of the usdzar
Tue, 28 Nov 2017 13:02:59 -0600
expected turn out of the usdzar
Mon, 27 Nov 2017 15:07:31 -0600
USDZAR buy setup
Mon, 27 Nov 2017 01:46:49 -0600
Wave 4 is currently under construction. Buy flag breakout
Mon, 27 Nov 2017 01:11:45 -0600
Chart previously added, still looking for sells just before the elections.
Sat, 25 Nov 2017 10:37:48 -0600
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