sunnyk92

EURZAR analysis

OANDA:EURZAR   EUR/ZAR
31/12/20 - Current momentum is clearly bearish but it is sitting at/near weekly and monthly support hence sells will be considered short term of moderate/high risk.

Buys should only be considered once price breaches weekly resistance with strong momentum. Then we wait for a nice continuation pattern to confirm further upside.

Have a great new years!
Sunny

Comments

0.5% loss on this trade (was able to mitigate risk). Price failed to continue with momentum
Reply
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