USDZAR Correction Setup (Short)
Absolutely stunning run by USDZAR last week, giving off a strong third wave bullish impulse. The impulse move also happened
to break the pair out of a daily descending channel, looks like this may be the beginning of a strong uptrend. At this point it
is merely speculation based on the technical data provided by the wave theory confluent with a few support and resistance
levels. As time unfolds, we should have clearer and stronger fundamental backings should this indeed be a reversal of trend.
Let me know how you think USDZAR will perform with the upcoming weeks below in the comment section. I am looking forward
to learning about some new perspectives on building a solid case against this one.
Have a blessed trading week ahead.
to break the pair out of a daily descending channel, looks like this may be the beginning of a strong uptrend. At this point it
is merely speculation based on the technical data provided by the wave theory confluent with a few support and resistance
levels. As time unfolds, we should have clearer and stronger fundamental backings should this indeed be a reversal of trend.
Let me know how you think USDZAR will perform with the upcoming weeks below in the comment section. I am looking forward
to learning about some new perspectives on building a solid case against this one.
Have a blessed trading week ahead.
Following Structure very well, I will wait for a final minor 5th eave push into the bubble before looking for entry opportunities