Trading Ideas
divergence + consolidation
Tue, 20 Mar 2018 21:34:43 -0500
On weekly basis, looks like finished wave 3 which is 161.8 of wave 1 I'm targeting wave 4 which will correct minimum 28.3 of the wave (2,3) which is 38.2 of the last impulse XA the res on the screen
Tue, 20 Mar 2018 13:18:30 -0500
USDZAR rettangolo di accumulo se lo rompe si SALE e di parecchio
USDZAR - A pull back would make for a great long entry
Mon, 19 Mar 2018 09:18:47 -0500
A pull back would create a great long entry. I'm expecting a pullback before the ~12.19 resistance area is tested. A would need a pullback to justify a long entry at this point. I would not recommending any short entry even though the R/R may be favorable. The yellow/green boxes are the ideal buy areas. As you can see, they make up quite a large area. The conservative entry point would be to wait for confirmation. My plan is to enter following a reversal candle formation, but enter with 1/4 - 1/3 position size initially. That would allow the ability to make adjustments. See below for more information. 1M: Price moved inline with my forcast (Red dotted line) and major support area. Price action indicating correction. Price would need to close above 14.57 area for an official Long Term trend change. W (view 1): W (view 2): D Daily shows a trend change due to fail to maintain LH/LL. Price is approaching some resistance areas. Bullish price action. 4H: Ignore the long position (w/SL & TP) marker. It is just a holding spot. 1H:
USD/ZAR Short Forming 4hr Chart
Sat, 17 Mar 2018 22:34:57 -0500
Price action had been respecting major levels and recently bounced the 0.236 fib levels up through the wedge upper trendlines with its eye on 1.618 zones around 12.09825. I am looking for it to pullback lightly into trendlines supporting the next extension of this breakout wave. Too high risk to short quite yet, I need to see a reversal candle and indicators saying wave is over . I will be looking for short zones above 12.1 with targets back down into channel at current levels around 12.0, but very possible shortside starts forming sooner than that around 12.05 zones.
USDZAR Short!!
Tue, 13 Mar 2018 09:33:40 -0500
Hi Guys! Here we got a classic retest structure, Hope you would be able to trade this one off the hooch.Zar is in a Downtrend for time to come. Click on related IDEAS to get the most. Thank you
Tue, 13 Mar 2018 04:54:01 -0500
We have been hovering around this 11,80 area for weeks now and it is finally time to buy this pair. I am looking to buy this pair all the way up to the 12,30 level. This blue resistance line delineates the monthly swing low from back in 2015/05/08 and as we have seen price has struggled to distance itself from this level piercing into the 10.22 level. We Going Up!!!
Mon, 12 Mar 2018 11:48:18 -0500
USD/ZAR Intraday: Trading-buy
Mon, 12 Mar 2018 07:09:57 -0500
The down trend is turning into a more neutral basing pattern. Bullish divergence and broader USD strength support this idea. Keep an eye out on the resistance area around 11.9045. Clearing this level triggers a recovery towards minimally 12.4515 and the pivots around 12.4810. With stops below 11.71 this setup gives a friendly risk/reward ratio of 2.81.  Primary trend: neutral/negative Outlook: consolidation in down trend, recovery likely Strategy: trading-buy > 11.9045 Support: 11.71 / 11.5390 Resistance:  11.9045 / 12.4515* / 12.4810+ Outlook cancelled/neutralized below 11.71 OANDA:USDZAR
Sat, 10 Mar 2018 07:14:15 -0600
USDZAR possible bullish bat
Sat, 10 Mar 2018 06:42:11 -0600
If price drops down to the expected D leg point , we buy and wait for TP1
Sat, 10 Mar 2018 04:20:32 -0600
I ll support the long scenario and tp 3.000 higher
Short Prior NFP
Fri, 09 Mar 2018 03:16:49 -0600
A short term sell for this pair, I see cypher pattern about to occur however the trend is going upwards as you can see the major down trend has been broken
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