USDZAR Triple bottom buying opportunity

Panjang

Dolar A.S. / Rand Afrika Selatan (FX:USDZAR)

FX:USDZAR Dolar A.S. / Rand Afrika Selatan

trendanalysis chartpattern usdzar usdzarlong forex forextrading forexanalysis forexforecast triplebottom

Anyone who has studied chart anatomy will recognise this trading setup, no surprises here. Prices trade within the range three times (We are heading to or are already on our third bottom, preventing future declines. Will the USDZAR price descend below these prices in the foreseeable future? I don't think so, at-least not in a long time.

Am I saying you should buy the USD?? No, I'm saying DYOR.

Confidence level 8/10

Please like and comment your thoughts. Interested to know what you think about this idea.

Goodluck!

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.