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OFPA_FX
Sep 5, 2020 4:40 AM

USDZAR: Potential Stop Hunt Long

U.S. Dollar/South African RandFXCM

Description

Price has been building up volume at the lower range throughout the week. Could this be accumulation in progress? I see a potential stop hunt towards the important structure low below before Bulls take over. Will be watching this closely for a potential LONG trade.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
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