Market update
USD/ZAR Simple market structure & price action, i'm currently waiting for a Retracement before we look to go short
We are currently in a strong uptrend however we can clearly see that we are approaching a major resistance zone where we might see sellers take over the market,
(MY CONFIRMATIONS)
CHANGE OF CHARACTERISTICS (CHOCH)
BREAK OF STRUCTURE (BOS) I'M CURRENTLY AWAITING MY BOS TO PLAY OUT BEFORE GOING SHORT
pay attention to price action.
We are currently in a strong uptrend however we can clearly see that we are approaching a major resistance zone where we might see sellers take over the market,
(MY CONFIRMATIONS)
CHANGE OF CHARACTERISTICS (CHOCH)
BREAK OF STRUCTURE (BOS) I'M CURRENTLY AWAITING MY BOS TO PLAY OUT BEFORE GOING SHORT
pay attention to price action.
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