USDZAR// Entry #2 (update)
Since the last post, price has since broken back into the trend and rejected the trendline - from there price broke an area of strong resistance.
The 2nd entry will be on the retest of this broken zone.
Once price settles and continues above this zone, there will be 2 decent zones of support protecting initial entries.
The next zone will be at the 100% line.
**A USD Rally will be the catalyst for this move. So..given that USDZAR has broken above a weekly level, you can almost *assume* DXY will follow suit and we will have that rally.
The 2nd entry will be on the retest of this broken zone.
Once price settles and continues above this zone, there will be 2 decent zones of support protecting initial entries.
The next zone will be at the 100% line.
**A USD Rally will be the catalyst for this move. So..given that USDZAR has broken above a weekly level, you can almost *assume* DXY will follow suit and we will have that rally.
Komentarz:
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
