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Set a sell stop, let's see.
After it pullup, we in.
I detected a funny chart on this.
First time to chart USDZAR, let's have fun.
Kiwi cash rate decreased! Which mean the more potential buyers will invest it.
According to the chart that the double bottom formed, it is the perfect time to scale in.
She has potential to drop to the major support.
It has been rejected by the channel again, we need to see the next 8 hours for the confirmation, it may break the channel to become a huge downtrend or bounce up again.
Now the popcorn is ready.
Let's sell again, today we can expect a huge drop as overbought with the news acceleration.
Once it ran 30 pips please lock the profit.
She has been rejected from the resistance too many times, we expected a big drop in the London session today!
Let's punish her!
EJ rejected by the bullish trendline that we can define the previous drop is a retracement, plus tomorrow's EUR news is a boost, it likely climbs back to the previous resistance, then we will see the next setup.
Also, we expected the USD news may push USD down, so it is the time to milk AU.
Like me if you agree.
We need to wait for a decent consolidation and the boost of USD news today.
I will update it after the news.
The new wave formed, a clean buy began.
Oversold + rejection, a good spot for buying it.
Let's play :) , news after 2 hours.