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subzero5364
Dec 4, 2021 2:34 PM

USDZAR 4H ANALYSIS Short

U.S. Dollar/South African RandFXCM

Description

USDZAR formed a bearish flag indicating further movement down. A safer move would be to wait for the breakout and retest of the ascending channel
Comments
dgoldiner
how is that a bearish chart? it's still clearly in the upward channel no?
subzero5364
@dgoldiner, thanks for commenting. It is a bearish FLAG, we had an impulse down from the resistance and now we are correcting. Notice the three touch correction on the flag
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