A Descending Triangle
formation is growing on the USDZAR
. There are two possibilities, a break above or a break below. This can be an easy trade usually the price moves strongly in one direction after a break. All that is needed is to place buy orders above the down sloping trend line
or sell orders below the horizontal support line. The most likely outcome is a break downward in Descending Triangles.
The moving averages also offer support lines which, when broken offer further bearishness on the pair.