* USDZAR was in a bearish trend since a while, now it forms a Inverse head and shoulder pattern in 1D time frame.
* Inverse hear and shoulder is similar to head and shoulder but inverted, both are the trend reversal patterns, inverse head and shoulder occurs during the bearish trend.
* If the price breaks the neckline ( resistance ) of the pattern around 14.88000 we can see healthy bullish move till 15.55000.
* USDZAR is bearish below the right shoulder.
* Inverse hear and shoulder is similar to head and shoulder but inverted, both are the trend reversal patterns, inverse head and shoulder occurs during the bearish trend.
* If the price breaks the neckline ( resistance ) of the pattern around 14.88000 we can see healthy bullish move till 15.55000.
* USDZAR is bearish below the right shoulder.
Note
Breakout of the necklineNote
First target hit, heading towards second target
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.