albert.callisto

USDZAR - "Chinkoullinger" analysis - long opportunities

Panjang
FX:USDZAR   Dolar A.S. / Rand Afrika Selatan
"Chinkoullinger", the term is not mine but from a french trader "Robby Scalping", well it's a mix of Bollinger with two standard deviation and Ichimoku clouds. The BB bands can be seen as a kindoff secondary cloud to evaluate the lagging span behavior.

What's going on for the next week in this exotic pair?
  • The pair has just broken the summer 2015 resistance, it took a day and you see that the bears did not manage to bring the price down. It bounced against the cloud.
  • Bullish movement broke the resistance and the price reached the upper Bollinger levels. This former resistance is now a support for the SL of a long trade.
  • PA is above Kijun, PA is above the cloud, lagging span has no obstacles in sight. Moreover it broke through the two Bollinger upper bands. From Ichimoku point of view, it's bullish
  • A small correction will probably occur towards the Tenkan and evt. Kijun. The long entry can be issued afterwards.

Penafian

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