Absolutely stunning run by USDZAR last week, giving off a strong third wave bullish impulse. The impulse move also happened
to break the pair out of a daily descending channel, looks like this may be the beginning of a strong uptrend. At this point it
is merely speculation based on the technical data provided by the wave theory confluent with a few support and resistance
levels. As time unfolds, we should have clearer and stronger fundamental backings should this indeed be a reversal of trend.
Let me know how you think USDZAR will perform with the upcoming weeks below in the comment section. I am looking forward
to learning about some new perspectives on building a solid case against this one.
Have a blessed trading week ahead.
to break the pair out of a daily descending channel, looks like this may be the beginning of a strong uptrend. At this point it
is merely speculation based on the technical data provided by the wave theory confluent with a few support and resistance
levels. As time unfolds, we should have clearer and stronger fundamental backings should this indeed be a reversal of trend.
Let me know how you think USDZAR will perform with the upcoming weeks below in the comment section. I am looking forward
to learning about some new perspectives on building a solid case against this one.
Have a blessed trading week ahead.
Note
Following Structure very well, I will wait for a final minor 5th eave push into the bubble before looking for entry opportunities
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Related publications
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.