USDZAR OUTLOOK
Price trading inside bearish channel while a rising wedge pattern formation has occurred, which indicates a potential opportunity for a short.
TP can be adjusted just above the level of the recent low where support is resting.
We had already marked the Key Levels.
Impulse short entries can be taken when it reaches that level again.
We had our shorts set up with potential upside in the R:R ratio of 1:4.
Price trading inside bearish channel while a rising wedge pattern formation has occurred, which indicates a potential opportunity for a short.
TP can be adjusted just above the level of the recent low where support is resting.
We had already marked the Key Levels.
Impulse short entries can be taken when it reaches that level again.
We had our shorts set up with potential upside in the R:R ratio of 1:4.