USDZAR BULLISH
Wassup Traders!
See my analysis on USDZAR
1. Weekly Chart
Price made a strong breakout of a bearish weekly trendline and on its way to the enxt weekly bearish trendline
2. Daily Chart
After breakout we need to go down to lower time frames to look for trade opportunity since the bias is bullish
3. 1H Chart
Price made a ABC correction after breaking the long bearish trendline and therefore we enter by trades targeting level 18.54000 area and SL just below point C(17.98000 area) of the correction
See my analysis on USDZAR
1. Weekly Chart
Price made a strong breakout of a bearish weekly trendline and on its way to the enxt weekly bearish trendline
2. Daily Chart
After breakout we need to go down to lower time frames to look for trade opportunity since the bias is bullish
3. 1H Chart
Price made a ABC correction after breaking the long bearish trendline and therefore we enter by trades targeting level 18.54000 area and SL just below point C(17.98000 area) of the correction
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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.