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Sakaria
Apr 29, 2020 7:02 PM

USDZAR KLLER SELL Short

U.S. Dollar/South African RandFXCM

Description

USDZAR SELL

From the above chart we can notice that price was trending upwards strongly, however price lost its momentum and started consolidating for a while and then price started breaking previous support levels, indicating a change in momentum.

When I noticed the breaking of numerous support levels, I waited for price to retest the previous support level now turned resistance level in order to take a sell. This USDZAR Trade resulted in a 280 pips Move.
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