OHLC AUGUST MONTHLY STRUCTURE /OHLC YEARLY STRUCTURE ******************************************************************************* Kindly wait for price to find a strong resistance. We will find confluence with other technical indicators for a VALID SELL ENTRY. Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries. P A T I E N C E + D I S C I P L I N E
It's just an idea but the reality of it is USDZAR IS A BUY why? Coz for start I live in South Africa and I have a much broader understanding of what's going on even at an institutional level...sorry bro its a long term buy.
PeanutButter
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It’s just an idea . Normally I’ll read and ignore things like this. To begin with if you take time to scroll through all my ideas I’ve shared on USDZAR since beginning of this year my predictions for a bearish market started in May 2020 taking sells from 18.60450 till now. ( Where have buyers Been since May?) Not to dwell much about my long term sells which are still in profit take a closer look at price for this month . Monthly structure is OHLC still waiting for a resistance to add more sells. It’s strange tho u don’t even have a single idea posted on your account to share your “broader understanding “. I’m South African based too but that doesn’t mean because a person resides in a particular country he/she automatically understands market in that country... it’s a BIG Fallacy. How can USDZAR be long term buys if price has been bearish since MAY? Maybe if u also shared an idea and explained maybe maybe it will carry weight and be educative.
ReamlBuilt
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Awesome idea analysis,it looks yummy
PeanutButter
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@forbiddencraved_pips, Thanks :)
NatalieCook
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Perfect structure Peanut Butter... On fire as usual