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InkyGrip
Jun 2, 2020 9:55 AM

USDZAR breaking a resistance 🦐 Short

U.S. Dollar/South African RandFXCM

Description

The market shifted since the 20th of may to a bearish eviorment.
Now it just retrace back to the 0.382 fib level of the upper move and found a resistance structure.
IF the market will manage to break and restest the resistance area we can look for a short position with a nice risk reward with a target around the 0.5 fib retracement.

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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.


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