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Wynloots14

USDZAR - trend continuation signals bullish bias

Long
U.S. Dollar / Süd Afrikanischer Rand (FX:USDZAR)  
Wynloots14 Aktualisiert   
FX:USDZAR   U.S. Dollar / Süd Afrikanischer Rand
usdzarlong
6
3
usdzarlong
Following the firing of finance minister Gordhan, this pair took a leg up and broke out of the bearish channel. We see a strong impulsive move followed by consolidation. I have been waiting for a good entry and it looks like we'll get it in the next week. I am anticipating large gains from this trade. Wait for the indicators to move in your favor and enter in the reversal zone.

Disclaimer: Not financial advice, trade your own plan.

Green trades!
Kommentar:
As clarified in the comments below, wait for a re-test of the reversal zone (bottom of wedge) before entering for high probability trade with minimal risk.
Kommentar:
Price is moving nicely. Anticipate that this pair will reach entry territory within the next 24hrs...
Kommentar:
Nice bullish impulse to break the wedge. If you're not in the trade yet, wait for a trend continuation pattern and go long.
Haftungsausschluss

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