USDZAR At CRITICAL LEVEL (What I Will Do)
USDZAR is at a critical level where the price tends to reverse on 3 occasions, will price break it or reverse?
USD seems to be gaining strength this week. i will wait and see if the price can break the zone and continue on a bullish move, I will wait for the retest to confirm my entry.
And if it pulls back, i will still wait for a retest to confirm my entry.
All in all, personally i don't trade Mondays only if the market provides a strong opportunity that is when i consider trading Mondays.
Its a new week don't get caught up in the erratic movement.
USD seems to be gaining strength this week. i will wait and see if the price can break the zone and continue on a bullish move, I will wait for the retest to confirm my entry.
And if it pulls back, i will still wait for a retest to confirm my entry.
All in all, personally i don't trade Mondays only if the market provides a strong opportunity that is when i consider trading Mondays.
Its a new week don't get caught up in the erratic movement.