USDZAR Short Opportunity

10 lug 2020

As shown here by the channel and MA's, we are on a downtrend. Also, price has broken through a key support level on H4 and is coming back up to retest. As it approaches our gold zone on the fib we want to move to a lower timeframe such as M30 for a possible entry. We are looking for a few wick rejections in the gold zone. Let me know what you all think and if you like this idea please smash that like button for me!