FX:USDZAR   U.S. Dollar / South African Rand
The first step in zone trading is to identify key levels of support and resistance on a chart. Support is the price level at which buying pressure is strong enough to prevent the price from falling further, while resistance is the price level at which selling pressure is strong enough to prevent the price from rising further.Once these levels are identified, traders can then look for zones between these levels where price tends to oscillate or consolidate. These zones may represent areas of potential opportunity for traders to enter or exit positions, depending on whether the price is approaching or retreating from the support or resistance level.
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