USD/ZAR Buy opportunity study for next week - read contents
For now this remains a study. This is for demonstration and education purposes ONLY. When you look at this what do you see. Impulse, huge flag formation. This flag formation/correction took a while to form and pulled to the 61.8% fib level. What generally comes next? We could have a nice buy opportunity approaching us for next week. We had the bullish impulse, a nice flag/correction. We should expect to see a continuation up. HOWEVER, we must get confirmation prior to entry. Watch for bullish continuation. Possible 250 pips. Trade with wisdom and use proper risk management always. refer to my post yesterday, linked below for the study.
Trade closed manually
Close with profits IF you entered. I didn't expect this move to happen today. I thought it would be next week. It's the weekend coming and price will not likely hit the zone today.Note
170 pips gained
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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.
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.