Simphiwe-Mabaso

Usdzar Technical analysis

Short
FX:USDZAR   U.S. Dollar / South African Rand
Usd-zar has printed a bull consolidating triangle. With my forecast, I'm expecting to see this pair getting bears entering the market sometime later this week at the D point(15.35) level. Once my setup criteria are satisfied at least getting a pin bar or engulfing candle il be looking to short this pair. In the meantime, il be monitoring the pair or look for smaller timeframe longs to the anticipated level.

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