USDZAR Waiting on Monthly Structure (Yearly Bearish Sentiment)
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USDZAR
MONTHLY
USDZAR
Huge Bearish divergence in the monthly time frame. Previous month closed as a sell signal hence we expecting huge sells this month.. Our initial 1st Target has been hit with patience we moving on to the next target 16.33390.
Price line in monthly has crossed below volatility bands indicating a change in trend and we expecting a further cross of the Priceline and blood which will confirm strong Bearish presence in markets. If this cross happens long term Target will be Priceline touching Liquid 50 and also price coming back to the open of the year .
WEEKLY
Priceline is currently crossing below liquid 50. A perfect indication that sells are coming into markets . Patience it’s still too early. We are still within the first week of the month which is term as the open.
DAILY
Current daily Candle looks like a sell signal. Also Priceline appears it wants to cross back below bloodline. Waiting on Daily Close.
For perfect sells kindly wait for OHLC in H4. Also remember it’s the first week of the month of June .. trade with caution ..
* Waiting to determine Monthly Structure
* Yearly Structure is still OHLC (Sells)
PATIENCE
USDZAR
MONTHLY
USDZAR
Huge Bearish divergence in the monthly time frame. Previous month closed as a sell signal hence we expecting huge sells this month.. Our initial 1st Target has been hit with patience we moving on to the next target 16.33390.
Price line in monthly has crossed below volatility bands indicating a change in trend and we expecting a further cross of the Priceline and blood which will confirm strong Bearish presence in markets. If this cross happens long term Target will be Priceline touching Liquid 50 and also price coming back to the open of the year .
WEEKLY
Priceline is currently crossing below liquid 50. A perfect indication that sells are coming into markets . Patience it’s still too early. We are still within the first week of the month which is term as the open.
DAILY
Current daily Candle looks like a sell signal. Also Priceline appears it wants to cross back below bloodline. Waiting on Daily Close.
For perfect sells kindly wait for OHLC in H4. Also remember it’s the first week of the month of June .. trade with caution ..
* Waiting to determine Monthly Structure
* Yearly Structure is still OHLC (Sells)
PATIENCE