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paulusul

Consolidation before heading higher

Long
U.S. Dollar / South African Rand (SAXO:USDZAR)  
paulusul  
SAXO:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Oscillators
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0
trendanalysis oscillator
Macd is bullish on the weekly chart.

expecting the trend to consolidate while the macd diverges to the downside before turning up, pushing price higher.

slow grind to the middle of the channel, then touching the top of the channel before reversing to hold the overall downward momentum with a chance of a possible bullish break
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