The UK economy has accelerated at the end of the second-quarter with the service sector clocking in at its fastest growth rate of 2019. Against a backdrop of a South African economy which is facing a deepening economic crisis, the GBPZAR is expected to resume its rally. Price action retreated from the lower band of its horizontal resistance area, enforced by its...
Price has reached and tested downward trend line and has slowed down in momentum reaching it, on H1 time a smaller trend line has been respected. Waiting for a break to enter!
Let me know what you think!
welcome to another free signal!
How to trade: 1. Wait for the break below the horizontal support and wait for a retest.
2. If we reject and the horizontal support and see an S&R-Flip - SELL.
3. Latest point to reduce your risk is as soon s you have warned your risk.