Here we been watching gbpzar as our pair we traded but usdzar moves the same so this is what will happen and what is the only doubt is if price will fake out the Inverted hs n cup necktie making a handle or will it break up hit the resistance first retrace and then make the handle to go back up either way the safest way to trade n forget about it is just to buy the handle retracement anticipating that somewhere on its course it'll find a need to regain momentum at its highest area of strength
Thus the target can only be the structure high anticipating that the reversal made was made to break the resistance presented and to retest the high we looking left we already see 2 failure highs historically so it's only logically in this case to anticipate that this move will give us a macro hs thus the tp is also the short hold entry long term !
Gl
Dont forget to break bread!
Thus the target can only be the structure high anticipating that the reversal made was made to break the resistance presented and to retest the high we looking left we already see 2 failure highs historically so it's only logically in this case to anticipate that this move will give us a macro hs thus the tp is also the short hold entry long term !
Gl
Dont forget to break bread!