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sharaafatm

USDZAR Short

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
sharaafatm  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators USDZAR Technical Analysis Chart patterns
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trendanalysis chartpattern indicator usdzar technicalanalysis chartpatterns
Price was rejected at a support zone, pushing it back up to the resistive trendline. Price appears to be getting rejected at the resistive trendline, presenting a short opportunity for USDZAR. The first target would be the previous support zone at which price was rejected. Price appears to be showing bearish pressure, improving the odds for this trade. However, a break and retest above the resistive trendline will invalidate this idea.

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