USDZAR 14.706526 -0,1 % LONG IDEA * STRUCTURE & PRICE ACTION
Updated
HELLO EVERYONE
Hope the market has been good to you this week & hope you are having a great one, here's a look at the DOLLAR /ZAR from the 4H chart looking at price action and structure now the pair is trading at the floor of the descending channel now the RAND has had some great days against the dollar in the past couple of weeks but looking at the descending channel the structure has been respected and act as a correction to an impulse move which signals continuation with the bulls looking for structure to hold on the pair.
PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN as always many stars must align with the plan before executing the trade, kindly follow your rules.
AND AS ALWAYS PERFECT OPPORTUNITY FOR INTRA-DAY TRADE EXECUTIONS AT THE ROOF AND BASE OF STRUCTURE WITHIN THE FLAG.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope the market has been good to you this week & hope you are having a great one, here's a look at the DOLLAR /ZAR from the 4H chart looking at price action and structure now the pair is trading at the floor of the descending channel now the RAND has had some great days against the dollar in the past couple of weeks but looking at the descending channel the structure has been respected and act as a correction to an impulse move which signals continuation with the bulls looking for structure to hold on the pair.
PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN as always many stars must align with the plan before executing the trade, kindly follow your rules.
AND AS ALWAYS PERFECT OPPORTUNITY FOR INTRA-DAY TRADE EXECUTIONS AT THE ROOF AND BASE OF STRUCTURE WITHIN THE FLAG.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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