USDZAR - Potential trade entry developing w/ excellent R/R
Updated
This is early. UZ consolidating. At resistance point. A buy entry could develop. If it does, it will have an excellent Risk/Reward ratio.
M:
Last completed candle is bull bar with bearish wick. New higher high compared to 11/2017. Not actionable trade information.
W:
Last completed candle is strong bearish. Bull trend still intact, a;though its showing signs of losing strength.
D:
Looking oversold, but also at a resistance point. Mid-term down trend that started early September is still intact.
M:
Last completed candle is bull bar with bearish wick. New higher high compared to 11/2017. Not actionable trade information.
W:
Last completed candle is strong bearish. Bull trend still intact, a;though its showing signs of losing strength.
D:
Looking oversold, but also at a resistance point. Mid-term down trend that started early September is still intact.
Trade closed: target reached
Got in at 14.21358. Closed position 14.87645.
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