Potential short setup on USDZAR after breaking out of the channel and retesting it. Also, take note of the ending diagonal after the breakout and retest.
Hi T, Thanks for the response. I got some good profits on this trade. I wish I left it open longer as this week has seen a big fall. Was scalping to build my account. However, in hindsight, i would be in a fantastic position if I kept my trades open. Your analysis was spot on. Well done.
Hi T, I have a similar setup where the UZ has broken out of the uptrend channel. Price appears to have retested over the past 2-3 days and I believe a healthy drop is in order. Thanks for the analysis
Timgucci
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@Ltd, Thank you so much. I am expecting a hard drop on UZ.
Timgucci
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@Ltd, I believe you should be in good profits by now