GBPZAR Short Position (4Hr Timeframe)
-Potential short position as trend breaks out and makes bearish move
- Be wary of retest as trend could pull back towards weekly resistance
- looking to take this position as MACD indicates downwards movement
- Look for entry in 1Hr timeframe through Moving Average crossover or bearish candlestick pattern
- Be wary of retest as trend could pull back towards weekly resistance
- looking to take this position as MACD indicates downwards movement
- Look for entry in 1Hr timeframe through Moving Average crossover or bearish candlestick pattern
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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.