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jojofang0901

USDZAR Look for reversal price action for the buys

Long
U.S. Dollar / South African Rand (OANDA:USDZAR)  
jojofang0901  
OANDA:USDZAR   U.S. Dollar / South African Rand
Chart Patterns Flag priceaction structure pattern impulse correction Descending Channel USD
18
10
chartpattern flagpattern priceaction structure pattern impulse correction descendingchannel usd

Hello everyone:

USDZAR is in the corrective channel structure from the pervious move down.

As the correction gets deeper, we can have a more buy bias from the reversal price action on the lower time frame.

Wait for current descending channel to completes its correction, and wait for first confirm break out follow by continuation correction for the buy.

Thank you
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