BULLISH MOMENTUMHELLO TRADER'S THIS IS MY BULLISH TREND Analyze . WAIT FOR COME KEY LEVEL AFTER TREND CONTINUE TO UPTREND .THIS IS MY OPINION ONLY NO MORE SIGNAL .
GBPZAR trade ideas
BULLISH MOMENTUMTHIS IS MY BULLISH TREND CONTINUE IDEA. HOWEVER WAIT FOR COME KEY LEVEL AFTER HOW TO RESPECT TO KEY LEVEL AFTER TREND CONTINUE TO UP TREND YOU CAN ENTRY ,SO THIS IS MY OPINION ONLY
HOW TO TRADE LIKE THEM We waited and waited and waited ....We waited over 6 months for this trade to ripening. As I told yal what will happen here now it’s finalize. We strongly believe we are in for a long ride ... 😬 this the stuff I love ❤️. Being patient just waiting for that right moment of opportunities...
GBPZAR Fundamental LONGMacro Currency Strength
GBP = 21(+7)
ZAR = -24 (-24)
COT Report Lev Funds
GBP = Long (slightly dec)
ZAR = NA
GDP Differentials = -1.2% (2022 forecast)
IR % Differentials = -3.4%
Weekly Price Trend = Long
Overall, based on fundamental strength, price trend, and COT a Long on GBPZAR looks favourable.
BUT as interest rates, and GDP growth rates showing South Africa coming out on top, the conviction on this long is lower, and therefore decrease risk on this position.
Political Theme Wise:
The UK is slowly coming out of lockdown, with business opening --> but further public injections questions the longevity of pound strength.
Continued COVID related corruption is coming out of the cracks in South Africa, and if this continues, there could be some short term uncertainty of holding ZAR over this period
GBPZAR Mid-Term BUYZoom out if you wanna see the full analysis but this is what I'd be going for right now. I'm going long on a 1:1 Risk - Reward ratio. Use proper risk management if you're taking it with me.
TREND BREAKOUTafter breaking trend the pair has been consolidating so we wait until it breaks the neckline it formed as drawn in blue line
GBPZAR possible next market development- GBPZAR is retesting structure support
- Price is building in a bearish
- GBP ZAR has set some good harmonic structure
- Market formed a bat pattern
- Market formed ABCD pattern
- Count on price to launch from that area
- ( Candlestick ) ??
- Plan is to go Long on GBPZAR
- Take the trade when your rules are fulfilled
A BULLISH MOVE is probable in this market.
GBPZAR Weeklies View The market
GBPZAR mine own perspective so what's your consideration on the price movement please comment in the below section ?
I believe that. So what is your expectations in comment below.
So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan
Learn forex then thought to does earn
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GBPZAR Short Price broke support level and is still in heavy downtrend expecting price to move down to second Support before a Reversal upwards. Entry after retest of broken support level
GBPZAR MID TERM BUYExpecting the c wave of a daily correction to the upside, target at upper trendline
GBP / ZAR -- Tjr Long -- 4 H.4 H. : Confirmation de la sortie du canal Baissier du 08/2020 au 12/2020 ...
....... Confirmation du Sp . du 20/21 Janvier 2021 , ... ce qui me fait dire qu'il faut rester Haussier
....... Maintenant il faut dépasser les + haut du 11 pour chercher les 50 % de la dernière vague et après ...
.
C'est une vue du marché qui ne concerne que moi -- Certainement pas une incitation à une quelquonque décision
Excellente journée à tous et toutes
GBPZAR, Looking to buy thisGBPZAR ON H4 SEEMING TO BE PREPARING FOR A BUY ON OUR 3RD TRENDLINE TOUCH
AB=CD Bulllish pattern.looking for the completion of the abc-zigzag corrective structure back to the demand zone to go long.
HOW TO TRADE LIKE THEM HOW TO EXIT finalized I’ll link the other post below so you can see how proactive trading help me avoid a lost as the trade is still valid but the timing of it isn’t now so I’ll be waiting.
Here you can see the price take off as the other post was done before the market did u
It. So here we are again with more proof and what we do and stand for.
Now I’d mentioned I’d went to the 15min to see what’s going on.and I’d left when I’d seen the pattern and when I’d looked to the right. I didn’t say was I also left with this confirmation as the candles range got smaller and was moving sideways as in a squeeze so price was going to break out I’d visual trade it back to our lil friend to the left as I outlined here for your education. Now it just so happens I’d exit at the last bearish candle I take no credit for this perfect exit I had no idea it would be the last I didn’t care I was gone either way. Now looking back and learning and identity the condition I see a n pattern which is an aggressive bullish pattern and it leads to an explosive moves upwards as the Mamet pulls backs and push up vertically and an alert trader would buy the move at the circle if he’s present.
But my point in all this
Is to encourage you to become proactive within the market learn price develop your inner gut as my gut was my only signal. As you transition from a reactive trader to a proactive trader you’ll naturally starts to question things and curiosity leads to enlightenment
GOOD LUCK ON THIS JOURNEY
HOW TO TRADE LIKE THEM-
GBPZAR - Look for Pound weakness ahead against the RandA simple Elliott Chart suggests a GBPZAR exchange rate of somewhere around R15 to the Pound in the coming months. I would suggest this would be a case of Pound weakness rather than Rand strength. Lets wait and see
HOW TO TRADE LIKE THEM MUST LEARN THIS PATTERN Ok I just did a post on my trade. And I just decided to dropped down on the 15min to see
And here it is right here! And order block.
This confirms what I seen on the price. Movement on the higher up.
I stand corrected this pair will continue to push higher for a higher rejection next month
Listen this is top tier info here . Learn this pattern. It’s easy to learn once you keep looking at it it’ll start to stick out like a sore thumb
So yea I’m going to run at the low for sure
HOW TO TRADE LIKE THEM KNOWING WHEN ITS TIME TO RUN Ok so I’d been in this trade and I did a recent post on it.
As I’m watching it now I think it’s time to tp as this maybe a losing trade at this level if you decided to get in from my post.
So price is currently in a range and it is doing what I call fanning out.
It when price channels not making no movements and it usually indicates lack of interest in the current direction of the fanning so this case it’s fanning down.
Now looking at the highs n lows we can see there isn’t no new highs but lower highs and no lower lows but we have a high tail on h1. But price isn’t dropping 🤔 and each time we hit a low price goes back up into the highs this doesn’t shows weakness. Now a bounce midway yes but not up to the high.
So do I exit now?
No I’m waiting for more indication at the low
As if price stalls there
start moving sideways
Or start moving up and then down in an arc like manner like a reverse letter c at the low is a reversal signal.
It’s the small things price do or don’t do as trader we have to be able to pick up on..
HOW TO TRADE LIKE THEM-
GBPZAROn the 4H chart, it already formed a Heads and Shoulder to the Support Line. It went on a uptrend and created a Triple Top which means it's going to the previous support line , breaking through the top resistance line. This is confirmed with the Daily chart. It's about to create a Triple Bottom, which means it may break to the upside after it hits the 4H support line .
GBP/ZAR Another Chance to Buy Before RiseThis has just retraced to offer another buying opportunity before this continues to recover back to the all time highs and beyond. For the best entry use 4HR timeframe with MACD and 10/20 EMA and look for signs that the retrace is complete.
