USDZAR ANALISYS - (09/03/2021)
USDZAR 1H
Possible entry into purchase or sale, we will have to see how the pair reacts to the trendline that supports it.
The price has touched a resistance that was previously respected 2 times, and now it has respected it again, so we will have to see the price reaction to that touch in the resistance before looking for positions
We would look for a purchase in the event that we see that the price respects the trendline and gives us a candle pattern, in a timeframe of 1h.
We would look for a sale in case the price breaks the trendline and makes a pullback, in that case we would enter after it gave us a candle pattern.
Possible entry into purchase or sale, we will have to see how the pair reacts to the trendline that supports it.
The price has touched a resistance that was previously respected 2 times, and now it has respected it again, so we will have to see the price reaction to that touch in the resistance before looking for positions
We would look for a purchase in the event that we see that the price respects the trendline and gives us a candle pattern, in a timeframe of 1h.
We would look for a sale in case the price breaks the trendline and makes a pullback, in that case we would enter after it gave us a candle pattern.
Trade closed: target reached