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GBP/ZAR
Short

W10-11 GBPZAR BEARISH IDEA (HARMONICS PATTERN)

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The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ).
Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator.
SL & TP Levels are defined.
khabeerkhalid
Chart PatternsDivergencedowtheoryForexGBPZARgbpzarshortHarmonic PatternsharmonicstradersTrend Analysis

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.
Chart PatternsDivergencedowtheoryForexGBPZARgbpzarshortHarmonic PatternsharmonicstradersTrend Analysis
khabeerkhalid

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.