Financial_Freedom_Group

USDZAR ELIOTT WAVE ANALYSIS

Short
EASYMARKETS:USDZAR   U.S. Dollar / South African Rand
lets talk chat patterns, this is an ending diagonal in Elliott wave language, and it is also known as rising wedge. always expect price to drop after a complete ending diagonal. for a low risk trade, you can wait for breakout.
Trade active:
price might just gave us a throw-over, as is an ending diagonal, would recommend findind short entries on wave b, wait for wave a or breakdown wave a at a small time frame
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.