USDZAR expecting a bullish push!
Monthly:
Price is rejecting previous broken structure.
Weekly:
Price is forming and inverse head and shoulder pattern and it is rejecting the 61.8% of the weekly fib.
Daily:
Price is forming a bullish M so we are expecting anothe push from the 61.8% of the daily fib.
4H:
Price is making higher highs and it already rejected the IC (institutional candle) indicating that price could continue to the upside.
Price is rejecting previous broken structure.
Weekly:
Price is forming and inverse head and shoulder pattern and it is rejecting the 61.8% of the weekly fib.
Daily:
Price is forming a bullish M so we are expecting anothe push from the 61.8% of the daily fib.
4H:
Price is making higher highs and it already rejected the IC (institutional candle) indicating that price could continue to the upside.
Trade active
Monthly: Weekly:
Daily:
4H:
Trade active
Price could be testing the lows but we are still looking for buys until price closes below the white box on the daily time frame.Trade active
We have to wait for the change of structure from bearish to bullish to look for a trade.
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.
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.