With top-down analysis revealing a bearish BIAS on the USDZAR price, there are essentially more confluences confirming the bearish strength.
The price is appropriately moving in an ascending channel in this HTF DTs scenario. Price is now in an LTF corrective structure as a result of what I see as price forming impulse and corrective structures as it moves down to the lower TFs.
Consequently, I am holding off on looking for an entry until I see a breakout followed by a continuation of the corrective structure in a LTF.
The price is appropriately moving in an ascending channel in this HTF DTs scenario. Price is now in an LTF corrective structure as a result of what I see as price forming impulse and corrective structures as it moves down to the lower TFs.
Consequently, I am holding off on looking for an entry until I see a breakout followed by a continuation of the corrective structure in a LTF.