Hello everyone An idea on the POUND / ZAR pair that has been trading in a descending channel hitting LH & LL heading down with the bears looking for a continuation of this move with the trend, the pair is currently trading at 38.2 % Fibonacci. TARGETING 61.8 % Fibonacci in the coming week. let's see how it goes HAPPY TRADING...
Hello Traders Welcome Back. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. *** Please consider to put a like to my idea...
Currently we in consolidation, Are we breaking above or to the downside, No decision yet! Simply place your stop above traingle or below! Proper risk management.
Keeping an eye on this, if it starts to look good to enter a long. Possible great RR. See how it starts to go on the smaller time frames for perhaps an early indication
Daily rejection into 23.30000 looking forward to a reversal to retest 22.60000
It is getting ready to break out this time. It might pull back after RSI hit the trend resistance line.
This is for educational purpose regarding the trend analysis and chart pattern of GBPZAR. The overall direction is bullish but I believe it will have to current it's self and fill the voids.
I mean I cant be the only one that see's the bears are looking for this setup. Adding shorts here.