lets have a great and educational look at long term chart :
every thing is clear on this chart, the next move of USDZAR will be downside, but when ?
now have a look at long term moves of this chart :
it's shown that we had a broken uptrend line then we are having a pull back for rest of the moves, the RD- shows that the uptrend has been finished, and at the main chart you'll see the targets of this perfect moves.
lets have a realible trigger on this pair , to have a great profit, you have 2 scenarios there :
1. if trigger (short term up-trend line) won't break downside, you'll wait for a retest on middle line of channel then after breaking short-term up-trend line, you can have a good sell with SL 13.68
2. the trend line will be broken at this time and you can have a sell position with SL : 13.90
this pair has 2 TP for your risk management :
tp1 : 13.90
tp2 : 13.68
needed time : 23 may
but this Pair needs time , please be patient.
every thing is clear on this chart, the next move of USDZAR will be downside, but when ?
now have a look at long term moves of this chart :
it's shown that we had a broken uptrend line then we are having a pull back for rest of the moves, the RD- shows that the uptrend has been finished, and at the main chart you'll see the targets of this perfect moves.
lets have a realible trigger on this pair , to have a great profit, you have 2 scenarios there :
1. if trigger (short term up-trend line) won't break downside, you'll wait for a retest on middle line of channel then after breaking short-term up-trend line, you can have a good sell with SL 13.68
2. the trend line will be broken at this time and you can have a sell position with SL : 13.90
this pair has 2 TP for your risk management :
tp1 : 13.90
tp2 : 13.68
needed time : 23 may
but this Pair needs time , please be patient.
the yellow line is a trigger for a perfect SELL