USDZAR, MULTIPLE TIME FRAME ANALYSIS!
Monthly:
Price is showing some deceleration and it is retesting previous broken structure.
Weekly:
Price is forming an inverese H&S pattern that could indicate to us more upside potential.
Daily:
Price is also forming an inverse H&S pattern and it also rejected the lows.
4H:
Price is forming 4h inverse H&S too so we can expect anothe push to the upside at least to the
BOC (Beginning of the correction).
Price is showing some deceleration and it is retesting previous broken structure.
Weekly:
Price is forming an inverese H&S pattern that could indicate to us more upside potential.
Daily:
Price is also forming an inverse H&S pattern and it also rejected the lows.
4H:
Price is forming 4h inverse H&S too so we can expect anothe push to the upside at least to the
BOC (Beginning of the correction).
Trade active:
Monthly:
Weekly:
Daily:
4H:
Trade active:
Price is failing to make bullish structure so we should wait for more confirmation to take a trade.
Order cancelled:
We did not get any confirmation or any change in structure so the move now is not valid anymore.