USDZAR Study of Price Action

The video tells it all. Be sure to like and offer comments. Please also click the follow button in the lower right hand corner. Be sure your notifications are on as well. Follow me on Facebook and Instagram as well. Links are below. Trade at your own risk. This is for demonstration and educational purposes.

Kommentera:

We see how according to the educational video, price pulled back to the trendline as noted below. Look for an impulse to the upside to confirm bullish price action; we see how waiting and watching is best to conserve capital. The market will tell us which way it will go; no need to guess but wait for price action to reveal.

Kommentera:

We were looking for an impulsive move either to the upside or a break of the trendline. We got a break of the trendline. Watch for pullback and continuation. It’s important to not enter a position until we get confirmation via impulse