USD/ZAR Refer to Previous Idea

This idea is for demonstration and education purposes. If you trade prematurely you do so at your own risk. Study your confluences before entering. Please refer to my idea linked below for a descending wedge, which I called last week. The idea still stands and often the idea is not for now but for some time in the future. The market doesn't move in a straight line and we don't move the markets. We find the best point of entry and take the ride. We have to exercise patience and wait for our ideas to play out. Best way to trade this pair is zone to zone and entering at key levels in the market, after WAITING for confirmation. We see we got an impulsive move to the upside and a pullback. Now we WAIT for confirmation. The impulse is not the confirmation, but we must have a retest to follow. Also, study of other confluences as well before entering, such as moving averages, key zones, etc. Often WAIT is the most important part of the game. Entering too early will cost you your capital.

Trade stängt: målet nått:

Target reached!!! Patience always wins!