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Thread: ZAR.USD

  1. #1
    action-reaction arco's Avatar
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    Default ZAR.USD


    For those who like something a little exotic, this
    pair have moved into the FIRST Butterfly and Gartley
    possible target reversal areas.

    May prove an interesting ST short with low risk entry
    @ 655 and tight stop. However, be aware Gartleys can
    often carry on in the same trend to form Butterflies.

    arco











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  2. #2
    action-reaction arco's Avatar
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    Right on cue.......

    ......a BIG black bearish engulfing candle.

    +85 for knife catchers.

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  3. #3
    action-reaction arco's Avatar
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    The one that got away........

    Obviously these South African Randy Butterfles
    do not like to be caught. Fortunately it was on
    a very tight stop and we will live to net another
    when its looking the other way.

    Might have to creep up from behind and grab
    it by the Cape









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  4. #4
    Legend peat's Avatar
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    USD/ZAR did a rising three methods candle pattern on the daily

  5. #5
    action-reaction arco's Avatar
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    Hi Peat

    My Rooters EOD didnt give that pattern. I had a Harami on the 2nd which came just below a target area I had for a Gartley. Yesterday was a Shooting Star...so a bit ominous IMO.

    regards - arco

    The Shooting Star is comprised of one candle. It is easily identified by the presence of a small body with a shadow at least two times greater than the body. It is found at the top of an uptrend. The Japanese named this pattern because it looks like a shooting star falling from the sky with the tail trailing it.

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  6. #6
    Legend peat's Avatar
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    yes I've noticed your comments on EOD candle formations dont always square with what I see using Oanda fxgame... perhaps the specific timing of the EOD is different. But it did work for me , and thats always good.
    I did post that last Fri of course.

  7. #7
    action-reaction arco's Avatar
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    Yes, sorry Peat, a bit late with the comment.
    I was away for about 5 days.

    regards - arco

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  8. #8
    action-reaction arco's Avatar
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    Our old pal Randy is looking quite interesting at the mom.

    The green box is the PRZ for the Blue BF, - so worth keeping
    an eye on this one now IMO. EW count looks plausible.

    Currently watching for a reversal pattern to appear.

    rgds - arco
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  9. #9
    Legend peat's Avatar
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    Theres quite a good return on being a randy long.

    what did i just say? :o
    For clarity, nothing I say is advice....

  10. #10
    action-reaction arco's Avatar
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    Potential (ii) area
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