As highlighted on the chart it seems as though USD/JPY is 1 step ahead of USD/ZAR. If this is indeed the case then we can expect a monster move up from USD/ZAR. A similar case occurs with the CAD/JPY + CHF/JPY and I have already made a post for those who want to check it out. (see related ideas seciton). As of now there is no clear buy setup for USD/ZAR therefore I'm not interested in buying at the moment and therefore I will not include any details in this post. Stay tuned for updates.
Note
Entering the buy zone...Stay frosty ;)
Note
don't freak out with the messy abc's of the last update, i was looking at the W tf and forgot to re-position..here's a neater look...double combo consisting of a zig-zag and a flatNote
first sign that USD/ZAR is prepping for a reversal...maybe..?
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Related publications
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.