PULEMokhothu

USD / ZAR 15.34990 +1.79 % SHORT IDEA * TR CONTINUATION PATTERN

Short
FX:USDZAR   U.S. Dollar / South African Rand
HEY EVERYONE

HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.

* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair has currently entered a down trend as WE break below on the 4h chart.
- we are currently consolidating in a descending triangle on the 4H.
- There is a supply zone THAT WAS TESTED & REJECTED AT 61.8 fib before we continued with the bears.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.

HERE'S WHERE WE WHERE ON THIS PAIR IN THE LAST WEEK.

lets see how it goes


IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
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