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Price action trading is like reading a book. As price plays out we take note of what is occurring and can draw conclusions along the way...
Before upcoming of Bullish Pattern , it times to come last bearish down of current pattern.
For my suggestion, you can start your Sell Trades.
You may see 2 two green lines which refers to for 1st TP and 2nd TP.
Have a profitable trading with me. *_<
Sell USDZAR at current market price
Price is moving in a channel and has currently formed a bearish pin bar on lower timeframe indicating a reversal is likely to happen.
Sl 14.66000
Tp @ 14.32000
I'm anticipating a Double top on USDZAR h4. The pair broke the trendline signalling a potential move to the downside. Now we wait. RRR is 1:3 but, I think we can hold longer.
USDZAR is at a critical level where the price tends to reverse on 3 occasions, will price break it or reverse?
USD seems to be gaining strength this week. i will wait and see if the price can break the zone and continue on a bullish move, I will wait for the retest to confirm my entry.
And if it pulls back, i will still wait for a retest to confirm my...
USDZAR is find it self in a narrow R14.30 to R14.50 band, finding support at R14.30 and with the downward channel the USDZAR finds it self in from Sept 2019, the ZAR is trading its self into a wedge formation. With all the risk off sentiment going around and that we can find that we break briefly above R14.50.
The U.S. Dollar vs. the South African Rand. The Rand was and became legal tender in the late 50’s to early 60’s for South Africa, Swaziland, Lesotho and Namibia after moving away from the Pound. After the apartheid era sanctions the Rand experienced a great deal of volatility and depreciation.
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