McCarteen

USDZAR on a corrective move?

Viés de baixa
FX:USDZAR   Dólar EUA/Rand Sul-africano
looking at the move from the bottom to the top labelled intermediate wave (1), I view it as an impulse move and the current drop as a preceding correction move.

Assuming Minor Wave A and B has finished forming then now we can expect a drop of motive Minor Wave C.

Alternatively price can unfold as a three wave move signaling a complex correction is in form, either way it supports the down movement.

The top of Minor Wave B will be my level of invalidation of the sell setup.
A Happy trading to everyone.
God Bless You.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.