Daily:
1. Overall predominantly bullish pressure,
However, no new structural formations have been
created towards the upside.
2. Repeated failure to break above the price
around 21.3092 suggests no added long
positions. Traders could be closing their
positions which are causing the current price
drop.
3. Price failure to break...
GBPZAR on the 4h chart is trading above a minor support.
According to Plancton's strategy If the price will break below and satisfy the ACADEMY rules we wills et a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
Time to play a bounce on GBPZAR off of the upward sloping support in this well established channel:
UK GDP figures out on the 22nd of Dec so could introduce some volatility if there is a big miss
Target is 22.22 over the next 2 weeks
Stop loss around 20.40
Next level of resistance @ 21.30
Good Risk Reward here!
Boom,
@theRaggy
um seeing multiple places of entry here
QML
OBs
FTR ZONE
FVG
but the conclusion is where i see the money where an QML may take and inline with the OB h1
I predict that GBPZAR can give me a sell and that if I keep on working on my analysis then I should be able to master it and stay profitable in the forex market
here youll and learn the benies of the weekly timeframe and why its the best timeframe/
best cuz
you can see the overview of price with a strong magnitude as the monthly yet with the responsiveness of the lower timeframe giving you the best of both worlds
bonus price action tips that works
gl
The forecast for the GBP/ZAR remains bullish after this currency pair finished a minor correction.
Can bulls take advantage of upside pressures and force the GBP/ZAR into its next horizontal resistance area?
Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Traders, if you like this idea or have your own...
