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Royal212
Jan 26, 2021 11:18 PM

USDZAR Head and shoulder? Long

U.S. Dollar/South African RandFXCM

Description

Apart from the trend breakout, not only has price gone in for a retest but it looks as though we have a little head and shoulder pattern forming. I've drawn 3 trendlines on my chart, one of which has been broken and tested. The second has also been broken and price has reached for a retest which just so happens to be the right shoulder of the trendline. My main chanell has yet to be reached. Hence i would be looking for buy signals around the right should/neckline.
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