USDZAR
USDZAR ANALYSISPrice is in an accumulation phase/range and at the support of the AR. The support would be a good place for a long trade with low risk. This falling wedge will be a good place for an uptrend continuation if price breaks above the wedge. Please endeavor to do your own analysis to find better entries and better options. Cheers!
USDZAR 4HRS ANALYSISHello Traders, here is the analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDZAR 4H PRICE ACTION, STRUCTURE CONTINUATION IDEA.Hey Everyone
Here's an idea on the USD/ZAR which is currently trading below the 50 M.A in a symmetrical triangle.
Targeting a break below since from the monthly and weekly time frames the pair is retesting the 50% Fib on a pull back, looking for continuation of this move with the bears.
A break above of structure changes the trading plan.
I hope the idea assists in anyway on your trades on the pair.
Good luck &' happy trading 🐂🐻👍🏽👍🏽👍🏽