Potential bullish move for this pair. A falling wedge formed and is indicating a an up trend after the we saw a bearish impulse move. Together with the latest lockdown restrictions in South Africa.
Hey Guys
I think we nearing a turning point for this pair.
Looking at a massive movement soon. Prepare for the LONG!
HUGE potential profits here guys.
Wait for the confirmation in the trend, or if you have the margin look at a supporting trade.
We looking at seeing R17.00 soon hopefully.
Hello Friends! I hope "USDZAR" will go Short 'Buy' and touch R1 then some correction. After her correction, it will touch R2 and R3.
Are you have any questions, suggestions, or feedback? Then write on a comment or private chat. If you need any help, info, or analysis. Then knock me without any hesitation.
....Thank you...
DISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
USD/ZAR was very bearish for the past few weeks, but to be honest, this is a clear trend change in my opinion. We will be monitoring price action and if all the rules of our strategy will be satisfied we will be interested in taking a nice long, with good risk to reward and probabilities for a nice push to the upside.
