GBPZAR Short Position (4Hr Timeframe)

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BRITISH POUND / SOUTH AFRICAN RAND (FX_IDC:GBPZAR)

FX_IDC:GBPZAR BRITISH POUND / SOUTH AFRICAN RAND

GBP ZAR GBPZAR breakout short shortsetup trader student

gbp zar gbpzar breakout short shortsetup trader student

-Potential short position as trend breaks out and makes bearish move
- Be wary of retest as trend could pull back towards weekly resistance
- looking to take this position as MACD indicates downwards movement
- Look for entry in 1Hr timeframe through Moving Average crossover or bearish candlestick pattern

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