For me trend is a friend, no matter the pattern. My H1 trend is still bearish, checking all bullish patterns failed to complete or to break previous highs and breaking of lows is getting successfully. So my take is bearish on this.
After taking a bearish loss on this pair I found myself another bearish entry back in this pair.
PEPPERSTONE:USDZAR This pair is Failing to create new higher highs on its up trend on H4, according to my analysis it may turn positive to the down side.
I just love the way this pair is moving, after shorting this pair , I took advantage on the bullish move because this pair is been on up trend for so long.
Selling USDZAR on H1, but selling against up trend, I won’t stretch my Tp far until sellers create a new low on H4.