USD / ZAR 15.34990 +1.79 % SHORT IDEA * TR CONTINUATION PATTERN
Updated
HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.
* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair has currently entered a down trend as WE break below on the 4h chart.
- we are currently consolidating in a descending triangle on the 4H.
- There is a supply zone THAT WAS TESTED & REJECTED AT 61.8 fib before we continued with the bears.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE ON THIS PAIR IN THE LAST WEEK.
https://www.tradingview.com/chart/USDZAR/P8ReEbWY-USD-ZAR-15-59310-0-18-SHORT-IDEA-PRICE-ACTION-CONTINUA/
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.
* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair has currently entered a down trend as WE break below on the 4h chart.
- we are currently consolidating in a descending triangle on the 4H.
- There is a supply zone THAT WAS TESTED & REJECTED AT 61.8 fib before we continued with the bears.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE ON THIS PAIR IN THE LAST WEEK.
https://www.tradingview.com/chart/USDZAR/P8ReEbWY-USD-ZAR-15-59310-0-18-SHORT-IDEA-PRICE-ACTION-CONTINUA/
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
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