HANSFXTRADER

USDZAR, MULTIPLE TIMEFRAME ANALYSIS!

OANDA:USDZAR   U.S. Dollar / South African Rand
Weekly: -Price is still making LLs.
-It is retesting a zone that in the past was also a strong resistance.
-The last weekly candle rejected the 61.8% of the weekly fib.
-The -27 is aligning with the next weekly low.

Daily: -Price failed to make HHs and now it is making LLs.
-We have an institutional candle that could push the price to the downside.

4H: -We could be monitoring price action from a 4h perspective to look for a valid entry.
Trade closed: target reached

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