jojofang0901

USDZAR Watch For Bullish Continuations

Long
OANDA:USDZAR   U.S. Dollar / South African Rand

Hello traders:

Just like most of the USD pairs we see across the market is strength in USD, USDZAR is also showing good development for possible bullish continuations.

We can see after price made a bullish impulse up, it then start to correct and develop into a flag like structure.

As we know these type of correction usually give us a another continuation impulse phase once the correction completes.

The latest development shows a smaller, lower time frame descending channel , correct the price down, before a reversal impulse on the lower time frame.

To confirm further upside, watch for price to correct into a bullish continuation correction on the LTFs, and look for the entry up to the highs.

thank you
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