USDZAR setting up for a possible short
USDZARAh, I have been watching this pair for a couple of days and it looks like we may just have a possible short setting up.
* Price is currently in a down trend in the bigger picture
* Hanging man (hammer at resistance) candle completed (sell signal)
* Bearish candle currently printing (needs to close bearish for confirmation of sell signal)
Should this move play out we could see price hitting the 13.85 level and possibly lower
Essentially a sell stop under the hanging man and confirmation candle can provide an ideal entry.
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