USDZAR 15.44490 + 0.45 % SHORT IDEA * CONTINUATION PATTERNS CONT
HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.
* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair just broke above a symmetrical triangle on the 4h chart tested supply zone and possibly rejecting.
- we are currently consolidating in a descending triangle on the 4H.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
PREVIOSE SET UP
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / ZAR PAIR.
* The PAIR is still trading in a large ascending channel from higher time frames but seems the channel now consolidating in a descending channel within this structure.
- Short term the pair just broke above a symmetrical triangle on the 4h chart tested supply zone and possibly rejecting.
- we are currently consolidating in a descending triangle on the 4H.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
PREVIOSE SET UP
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
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