the USD/ZAR currency pair is currently going up in adescending channel and could possibly bounce off the channel's resistance and go into a sell-off. The RSI indicator is relatively overbought, so that could be a good indication of prices going south. Personally i am going to wait for at least a cadle close below the descending channel resistance before i consider placing a sell trade. Remember that a breakout could also happen as we have a bullish impulse wave before the formation of the descending channel on the higher timeframes. However, with the way the prices are slowing down, i am led to believe that the bears are ready to mate. Remember to always wait for price action though and don't try to be a wizard. Let the market chart and compass itself.
i bought the upside, Hopefully will find a nice setup to come down with https://ithttps://www.tradingview.com/chart/USDZAR/PMc5girh-USDZAR-Interesting-Idea/