USDZAR, broke out of the Daily descending trend, and created short term Higher Highs. which validated a buy setup, now we wait for the next 2 parts of the trend to confirm that momentum has shifted.
Once confirmed that momentum has been shifted. we can take another buy, by breaking out of the profit taking which we are in no, utilizing the same method as before;...
Structure is currently within a critical area. Two major momentum's are intersecting with one another, buyers and sellers. With this being said, we will simply wait for the market to make the first move before any trade ideas from a bullish or bearish perspective come about. For any sells, we would first be looking for strong breaks below the ascending trend and...
Within the liquidated movement that was driven by the initial bullish impulse, we can see structure is in a short term ascending trend. The ascending trend came about from the impulse made by the sellers at the beginning of September warranting the ascending trend as relief or profit taking. With this being said, we are simply looking for the market to make the...
