Ocean98

GBPZAR

Long
OANDA:GBPZAR   GBP/ZAR
Pound is looking solid for a bull run to resume, the market started off by breaking all time HH to form new HH then came back to retest structure forming HL the pushed through for new highs but the bulls lost momentum along the way allowing bears to take a bit of control in the market by pushing it back into the smaller BOS or 61.8% Fib level forming HL, perfect time to buy GBPZAR and hold. Never ignore the fact that the market might still play around that area forming double bottom after forming LH to validate the failure to form new LL.
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