USDZAR 14.93870 + 0.05 % LONG IDEA * STRUCTURE & PRICE ACTION
Good day everyone
Hope everyone is having a good week in the markets and a beautiful day ahead.
Here's a look at the USDZAR from the 4H chart
* The pair is currently trading in a Symmetrical triangles which occur when a security's price is consolidating
* The pair has touched the roof of structure twice and saw a rejection acting as a resistance level.
* The symmetrical structure pattern has been respected, looking for a break above o structure to signal continuation with the bulls
*^ A break below of structure changes The trading plan.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope everyone is having a good week in the markets and a beautiful day ahead.
Here's a look at the USDZAR from the 4H chart
* The pair is currently trading in a Symmetrical triangles which occur when a security's price is consolidating
* The pair has touched the roof of structure twice and saw a rejection acting as a resistance level.
* The symmetrical structure pattern has been respected, looking for a break above o structure to signal continuation with the bulls
*^ A break below of structure changes The trading plan.
* follow your entry rules on entries
* significant moves with the bears change the plan.
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Trade active
Trade active
almost at target 3, keep trailing & adjusting the SL watch price sl shouldnt be too tight
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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.
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.