EURZAR is trading in a descending channel, which price seems to be respecting very. Recently, there was a rejection at the resistive trendline and a break of the counter-trendline, presenting an opportunity for bears to short the pair. The first target is the support zone.
Be sure to use proper risk management and do not oversize your positions.
Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!
Be sure to use proper risk management and do not oversize your positions.
Be sure to follow me for more ideas and analyses. Leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!