Here's an idea on the USD/ZAR which is currently trading below the 50 M.A in a symmetrical triangle. Targeting a break below since from the monthly and weekly time frames the pair is retesting the 50% Fib on a pull back, looking for continuation of this move with the bears. A break above of structure changes the trading plan.
I hope the idea assists in anyway on your trades on the pair. Good luck &' happy trading 🐂🐻👍🏽👍🏽👍🏽
Comment
⋅
🔵 pull back for a retest of the resistance structure looking for a push down with the bears.