USDZAR Short

24 thg 7, 2020

Price was rejected at a support zone, pushing it back up to the resistive trendline. Price appears to be getting rejected at the resistive trendline, presenting a short opportunity for USDZAR. The first target would be the previous support zone at which price was rejected. Price appears to be showing bearish pressure, improving the odds for this trade. However, a break and retest above the resistive trendline will invalidate this idea.

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