USD/ZAR | SHORT | HARMONIC PATTERN
USD/ZAR: Technical Outlook
We have observed bearish divergence as well as forming of a Harmonic reversal pattern [Crab Pattern]
The Price action is at PRZ [Potential Reversal Zone]
Waiting for the breakout of the PRZ taking a sell-stop trade
Sellers will remain in control below 18.3305
Trade Plan
Stop Loss: 18.5377
Entry Level: 18.44389
TP 1: 18.35008
We have observed bearish divergence as well as forming of a Harmonic reversal pattern [Crab Pattern]
The Price action is at PRZ [Potential Reversal Zone]
Waiting for the breakout of the PRZ taking a sell-stop trade
Sellers will remain in control below 18.3305
Trade Plan
Stop Loss: 18.5377
Entry Level: 18.44389
TP 1: 18.35008
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