USDZAR 14.93870 + 0.05 % LONG IDEA * STRUCTURE & PRICE ACTION
Updated
Good day everyone
Hope everyone is having a good week in the markets and a beautiful day ahead.
Here's a look at the USDZAR from the 4H chart
* The pair is currently trading in a Symmetrical triangles which occur when a security's price is consolidating
* The pair has touched the roof of structure twice and saw a rejection acting as a resistance level.
* The symmetrical structure pattern has been respected, looking for a break above o structure to signal continuation with the bulls
*^ A break below of structure changes The trading plan.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
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 everyone is having a good week in the markets and a beautiful day ahead.
Here's a look at the USDZAR from the 4H chart
* The pair is currently trading in a Symmetrical triangles which occur when a security's price is consolidating
* The pair has touched the roof of structure twice and saw a rejection acting as a resistance level.
* The symmetrical structure pattern has been respected, looking for a break above o structure to signal continuation with the bulls
*^ A break below of structure changes The trading plan.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
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.
Trade active
Trade active
almost at target 3, keep trailing & adjusting the SL watch price sl shouldnt be too tight
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