POSSIBLE LONG SETUP ON THIS PAIR. BUY THE PULLBACK.

USDZAR DAILY

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE BROKE OUT OF THE SIDEWAYS MOVEMENT TO THE UPSIDE, THAN PULLED BACK TO SUPPORT AT MMP PRINTING A HIGHER LOW. PRICE IS CURRENTLY HEADING NORTH, AND WE KNOW THAT MPP GIVES US A TARGET OF MR2. 38.2 FIB ALSO GIVES US A TARGET OF 161.8. THE OPPORTUNITY TO GO LONG ON THIS CHART IS GONE SO MAYBE LOOK AT LOWER TIME FRAMES FOR AN ENTRY, OR YOU CAN BE A PIG AND CHASE PRICE...

USDZAR H4

MARKET IS BULLISH, 21 IS ABOVE THE 55. PRICE IS HEADING NORTH AND WE CAN SEE A BREAK TO THE UPSIDE.. STOCHASTICS ALSO SAYS UP. HOWEVER RESISTANCE AT WR1, WM4, & WR2.

USDZAR H1

MARKET HAS BEEN SIDEWAYS AS THE 55 AND 21 ARE FLAT. PRICE HOWEVER HAS BROKEN TO THE UPSIDE AND PULLED BACK. WHAT WAS ONCE THE TOP OF THE RANGE IS NOW ROLE REVERSAL SUPPORT.

USDZAR M15

THE MARKET HAS BEEN SIDEWAYS BUT IT LOOKS LIKE ITS TURNING BULLISH. 21 & 55 ARE DIVERGING, AND THE 21 IS ABOVE THE 55. PRICE HAS BROKEN TO THE UP SIDE AND PULLED BACK OFFERING A LONG ENTRY AT THE ROLE REVERSAL. STOCHASTIC IS HEADING NORTH. WPP PREVIOUS GIVES US A TARGET OF WR2.

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