USDZAR 4 HOUR TIMEFRAME ANALYSIS
USDZAR has been in consolidation in that zone for the past week, also forming patterns.
On the the daily time frame we get to nice that the blue/red resistance zone has not been broken with a confirmed bullish structure yet but has provided multiple confirmed bearish structure. In regards to this price is expected to move to the next plotted zone around 15.02713 then we wait for another movement.
whereas the 4 hour time frame has provided a M formation structure and a retest to the 1 hour order block on Friday after giving us a stop hunt on Wednesday and a break in market structure on Thursday.
On the the daily time frame we get to nice that the blue/red resistance zone has not been broken with a confirmed bullish structure yet but has provided multiple confirmed bearish structure. In regards to this price is expected to move to the next plotted zone around 15.02713 then we wait for another movement.
whereas the 4 hour time frame has provided a M formation structure and a retest to the 1 hour order block on Friday after giving us a stop hunt on Wednesday and a break in market structure on Thursday.
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