Bradley_D

Advice on current USDZAR Set Up

FX:USDZAR   U.S. Dollar / South African Rand
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1
Hi, I am an novice trader and am looking to learn more about FX analysis.

I saw the below sell off coming out of the highlighted pattern but how would you analyse the next movements on this chart?

Any help would be appreciated.

Comments

18.87 has resistance
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There’s no clear indication yet what’s going to follow, with the economic situation in South Africa price is set to rise.
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Bradley_D Its_andy_11
@Its_andy_11, Thanks Andy. Okay, as a general rule how would you approach trading this? Wait for relevant structure to form and then position accordingly? Can you advise of any good learning resources? Thanks a lot!
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Its_andy_11 Its_andy_11
Hey bud sorry for delayed reply, for starting off babypips is good, enough details to get you well on your way
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