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USDZAR Bearish wedge inside of bearish wedge

Dolar A.S. / Rand Afrika Selatan (FX:USDZAR)  
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FX:USDZAR   Dolar A.S. / Rand Afrika Selatan
Trend Analysis Chart Patterns Beyond Technical Analysis USD ZAR ZARUSD Forex Wedge
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trendanalysis chartpattern beyondta usd zar zarusd forex wedgepattern
Looks like a potential very nice setup here. With the big wedge on the left and the low time frame one on the right. So i am going to follow this one closely, to see if we find some resistance at the high while staying below the red zone. Because this one has long term potential, i am going to build up a pos here. So starting small and building it up on the way down after real confirmation.

Past 2 trades on this pair played out perfect, following basic TA better than others. So with some patience this one could work out greatly as well.


Previous analysis:
USDZAR short term short and long term long
USDZAR Bullish Wedge, Part 2

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Penafian

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