USDZAR - Potential trade entry developing w/ excellent R/R

This is early. UZ consolidating. At resistance point. A buy entry could develop. If it does, it will have an excellent Risk/Reward ratio.

M:

Last completed candle is bull bar with bearish wick. New higher high compared to 11/2017. Not actionable trade information.

W:

Last completed candle is strong bearish. Bull trend still intact, a;though its showing signs of losing strength.

D:

Looking oversold, but also at a resistance point. Mid-term down trend that started early September is still intact.

Trade chiuso: obiettivo raggiunto:

Got in at 14.21358. Closed position 14.87645.