ZARGBP trade ideas
GBP/ZAR:SWING FIBO RETRACEMENT UPTREND|LONG SETUP 🔔The forecast for the GBP/ZAR remains bullish after this currency pair finished a minor correction.
Can bulls take advantage of upside pressures and force the GBP/ZAR into its next horizontal resistance area?
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GBPZAR for long Been watching this market too for a back story to the reason for entry check out my USDZAR post on my page......
GBPZARPound is looking solid for a bull run to resume, the market started off by breaking all time HH to form new HH then came back to retest structure forming HL the pushed through for new highs but the bulls lost momentum along the way allowing bears to take a bit of control in the market by pushing it back into the smaller BOS or 61.8% Fib level forming HL, perfect time to buy GBPZAR and hold. Never ignore the fact that the market might still play around that area forming double bottom after forming LH to validate the failure to form new LL.
GBPZAR FROM TRADERYAHYA ⚜️We analyze the chart to create a history from which future generations learn how we were the makers of the event.
GBP/ZARDescending triangle-I believe the pattern going forward should be something like this. From there we should wait and see. Hoping for a further drop.
