USDZAR 4H PRICE ACTION, STRUCTURE CONTINUATION IDEA.
Updated
Hey Everyone
Here's an idea on the USD/ZAR which is currently trading below the 50 M.A in a symmetrical triangle.
Targeting a break below since from the monthly and weekly time frames the pair is retesting the 50% Fib on a pull back, looking for continuation of this move with the bears.
A break above of structure changes the trading plan.
I hope the idea assists in anyway on your trades on the pair.
Good luck &' happy trading 🐂🐻👍🏽👍🏽👍🏽
Here's an idea on the USD/ZAR which is currently trading below the 50 M.A in a symmetrical triangle.
Targeting a break below since from the monthly and weekly time frames the pair is retesting the 50% Fib on a pull back, looking for continuation of this move with the bears.
A break above of structure changes the trading plan.
I hope the idea assists in anyway on your trades on the pair.
Good luck &' happy trading 🐂🐻👍🏽👍🏽👍🏽
Note
🔵 pull back for a retest of the resistance structure looking for a push down with the bears.
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