USD/ZAR: Technical Outlook
We have observed bearish divergence as well as forming of a Harmonic reversal pattern [Crab Pattern]
The Price action is at PRZ [Potential Reversal Zone]
Waiting for the breakout of the PRZ taking a sell-stop trade
Sellers will remain in control below 18.3305
Trade Plan
Stop Loss: 18.5377
Entry Level: 18.44389
TP 1: 18.35008
We have observed bearish divergence as well as forming of a Harmonic reversal pattern [Crab Pattern]
The Price action is at PRZ [Potential Reversal Zone]
Waiting for the breakout of the PRZ taking a sell-stop trade
Sellers will remain in control below 18.3305
Trade Plan
Stop Loss: 18.5377
Entry Level: 18.44389
TP 1: 18.35008
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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.