moreblue

EURZAR Long Idea

OANDA:EURZAR   EUR/ZAR
Starting off from the daily:
It appears we have completed an ABC-wave type correction and are starting a new wave higher. The correction completed at a previous swinglow.

Zooming in on the 4hr I see a resistance level that is rejected a couple of times indicating price struggled to get past it. But it finally managed to close above it. My plan from here is to buy into any weakness followed by bullish price action indicating price wants to move higher.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.