USDZAR breaking a resistance 🦐
The market shifted since the 20th of may to a bearish eviorment.
Now it just retrace back to the 0.382 fib level of the upper move and found a resistance structure.
IF the market will manage to break and restest the resistance area we can look for a short position with a nice risk reward with a target around the 0.5 fib retracement.
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Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Now it just retrace back to the 0.382 fib level of the upper move and found a resistance structure.
IF the market will manage to break and restest the resistance area we can look for a short position with a nice risk reward with a target around the 0.5 fib retracement.
–––––
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.