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USDZAR TRADE IDEA: Long (24/07/2023)

Lång
Amerikanska dollar / Sydafrikanska rand (FX:USDZAR)  
saintprincevvs  
FX:USDZAR   Amerikanska dollar / Sydafrikanska rand
Trend Analysis Chart Patterns Fundamental Analysis USDZAR usdzarlong usdzaranalysis usdzartrade
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trendanalysis chartpattern fundamental usdzar usdzarlong usdzaranalysis usdzartrade
USDZAR is looking to reverse. It has clearly slowed its downwards movement and is looking to reverse up top to potentially continue its down movement. This was signified through its break of structure on the 4H chart.
As shown on the 15 minute chart it has broken structure. The only worrying part is that it is returning back to break even. However this has the potential of a 7RR trade.

NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
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