USD/ZAR Buy Setup

105

Overview:
The USD/ZAR pair is trading near a strong support zone around 18.50, a level that has consistently held over the past months. Price action suggests a potential bounce from this area.

Key Points:
Support Strength: The highlighted support zone has historically served as a launch point for reversals.
Bullish Opportunity: The recent rejection of this level indicates buying pressure, increasing the likelihood of upward movement.

Target Levels:
🎯 TP1: 18.79 – Immediate resistance.
🎯 TP2: 18.98 – Previous swing high.
🎯 TP3: 19.22 – Key resistance level.
Stop Loss: Below 18.26, safeguarding against invalidation of the setup.

Trade wisely and stick to your plan!





Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.