Price was on an overall bullish trend, price finally retraced from a resistance zone and formed a change of character which indicates an overall change of the trend followed by a break of structure to the downside. We are looking to sell USDZAR based on the overall structural change from higher time frames D1 and H4
Gold to potentially drive upside after the fake breakout, due to the FVG and fib retrace level price will go long to the previous order block or potentially just close the fair value gap and continue downside.
Feel free to share any different perspective/insight based on the analysis
Price is currently close to a resistance zone, with a clear reverse candle stick pattern, one can enter a short trade with the idea that it will close the fair value gap left behind. Possibly price will trigger the order block and continue to the upside based on the change of character marked with the red arrow.
Please do feel free to share alternative...
