USD/ZAR sell setup

This one is a beauty. It is on a wave 5 of a 5 wave. So I would expect a 3 wave correction to correct this 5 wave retracing it 50-62%.... Look for some overlapping price action to get proper entry. I see a lot of evidence for dollar retracement. The DXY can really come down from anywhere, but I am looking for ending diagonals on Uzar and Ucad for potential perfect entry on very nice sells. Should be A lot of pips if you get proper entry and hold.

Komentarz:

did not do an ending diagonal But is breaking out of trendline and very far extended. There are better setups. Check out pound and NZD pairs. Ucad may be a safer pair. Price action can be difficult to read on this pair