USD/ZAR's Explosive Journey Will You Miss the Next Big Move?
Narrative Overview
USD/ZAR is pushing higher into a critical Wave 5 expansion. The pair is now heading toward significant Fibonacci resistance levels with momentum on its side. Traders should focus on opportunities to position for Wave 5 completion, while watching key invalidation points to manage risk.
Key Levels to Trade the Wave 5 Upside
Immediate Targets for Wave 5:
22.25 (1.618 Fibonacci – Diagonal Wave 5):
This is the primary target for Wave 5 completion. Price is expected to approach this level with strong momentum, providing a key area to secure profits or tighten stops.
24.35 (2.0 Fibonacci – Extended Wave 5):
If bullish momentum is sustained, this is the next high-probability target. However, the likelihood of a deeper correction increases beyond this level.
Support Zones for Continuation:
19.34 (Inducement Wave 3 Resistance):
Price may retest this zone as support if there’s a pullback before the final push into Wave 5. Holding above here confirms strength.
14.40 (Wave 4 Support – 0.382 Fibonacci):
This is a major structural support that must not be broken. As long as price stays above this zone, the bullish structure remains valid.
Bullish Invalidation Levels:
11.35 (0.618 Fibonacci):
If price falls below this level, the Wave 5 structure is invalidated, signaling a potential long-term bearish reversal.
Core Outlook: Trading Wave 5 Upside
Primary Scenario – Bullish Expansion:
Price is expected to continue its advance toward 22.25 and potentially extend to 24.35. Momentum will likely remain strong unless a significant correction breaks key support zones.
Pullback Opportunity:
Any retracement to 19.34 or 14.40 could offer an opportunity to enter long positions for the final Wave 5 push.
Action Plan for Traders
Enter Long Positions:
Look for pullbacks into support levels (19.34 or as deep as 14.40) to build positions for the Wave 5 push.
Target 22.25, with an extended target at 24.35 for an overextension scenario.
Manage Risk:
Place stop losses below 14.40, as a break below this level could invalidate the bullish Wave 5 outlook.
Monitor price action closely near 22.25 for signs of exhaustion or reversal.
Key Themes to Highlight
Wave 5 in Play:
USD/ZAR is completing its final bullish impulse, targeting 22.25–24.35 as a significant area of resistance.
Pullback = Opportunity:
Any corrections to support levels are potential buy zones to ride the final leg of this bullish move.
Risk Management:
Protect positions below 14.40, as this marks the structural foundation for the current bullish trend.
USD/ZAR is pushing higher into a critical Wave 5 expansion. The pair is now heading toward significant Fibonacci resistance levels with momentum on its side. Traders should focus on opportunities to position for Wave 5 completion, while watching key invalidation points to manage risk.
Key Levels to Trade the Wave 5 Upside
Immediate Targets for Wave 5:
22.25 (1.618 Fibonacci – Diagonal Wave 5):
This is the primary target for Wave 5 completion. Price is expected to approach this level with strong momentum, providing a key area to secure profits or tighten stops.
24.35 (2.0 Fibonacci – Extended Wave 5):
If bullish momentum is sustained, this is the next high-probability target. However, the likelihood of a deeper correction increases beyond this level.
Support Zones for Continuation:
19.34 (Inducement Wave 3 Resistance):
Price may retest this zone as support if there’s a pullback before the final push into Wave 5. Holding above here confirms strength.
14.40 (Wave 4 Support – 0.382 Fibonacci):
This is a major structural support that must not be broken. As long as price stays above this zone, the bullish structure remains valid.
Bullish Invalidation Levels:
11.35 (0.618 Fibonacci):
If price falls below this level, the Wave 5 structure is invalidated, signaling a potential long-term bearish reversal.
Core Outlook: Trading Wave 5 Upside
Primary Scenario – Bullish Expansion:
Price is expected to continue its advance toward 22.25 and potentially extend to 24.35. Momentum will likely remain strong unless a significant correction breaks key support zones.
Pullback Opportunity:
Any retracement to 19.34 or 14.40 could offer an opportunity to enter long positions for the final Wave 5 push.
Action Plan for Traders
Enter Long Positions:
Look for pullbacks into support levels (19.34 or as deep as 14.40) to build positions for the Wave 5 push.
Target 22.25, with an extended target at 24.35 for an overextension scenario.
Manage Risk:
Place stop losses below 14.40, as a break below this level could invalidate the bullish Wave 5 outlook.
Monitor price action closely near 22.25 for signs of exhaustion or reversal.
Key Themes to Highlight
Wave 5 in Play:
USD/ZAR is completing its final bullish impulse, targeting 22.25–24.35 as a significant area of resistance.
Pullback = Opportunity:
Any corrections to support levels are potential buy zones to ride the final leg of this bullish move.
Risk Management:
Protect positions below 14.40, as this marks the structural foundation for the current bullish trend.
Transaction en cours
USD/ZAR's Final Wave 5 Push is Here! Will You Catch the Ride to 22.25 and Beyond?Note
3M
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1M
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1W
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1D
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4H
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JP - Unemployment Rate (OCT)
Outcome: Neutral for JPY.
Rationale: No significant deviation (2.4%) from expectations.
Best Crossover: USD/JPY – Watch for market reaction.
CA - GDP Growth Rate Annualized (Q3)
Outcome: Bullish for CAD.
Rationale: Growth (2.1% → 2%) aligns with steady economic performance.
Best Crossover: USD/CAD.
Note
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.