USDZAR Short positions triggered
My short position has been triggered.
Firstly my confluence is a lower high on the 4H timeframe.
Price failed to created a new high.
Secondly price action has broken my box zone.
Which indicates we are receiving a strong push to the downside because of the bears.
Thirdly we have seen a break of the major bullish trend.
Let’s see how this plays out…
Firstly my confluence is a lower high on the 4H timeframe.
Price failed to created a new high.
Secondly price action has broken my box zone.
Which indicates we are receiving a strong push to the downside because of the bears.
Thirdly we have seen a break of the major bullish trend.
Let’s see how this plays out…
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.