USDZAR - Watching/waiting for a potential long entry
Long-term trend up followed by significant retracement (almost 50%). Consolidation pattern followed by clear breakout for trend continuation.
At strong resistance area. A pull back could be a good long-term buy opportunity.
I have never traded this pair, but the chart looks interesting.
1M:
1W:
1D:
At strong resistance area. A pull back could be a good long-term buy opportunity.
I have never traded this pair, but the chart looks interesting.
1M:
1W:
1D:
Currently pulling back as expected. Watching price action, especially as it approaches ~14 support area.