USD/ZAR
Expectation is the price will break out of the setup which formed the Falling Wedge, breakout will be an upward trend which will see Long position orders placed just above the Support Level.
I suggest a LONG Position, good Risk:Reward Ration too.
Please:
1. Advise if the chart analysis communicates
2. If the lines are drawn correctly
3. Whether that pattern really is Falling Wedge
4. Your overall thought on my analysis.
I would appreciate it, great weekend traders.
Expectation is the price will break out of the setup which formed the Falling Wedge, breakout will be an upward trend which will see Long position orders placed just above the Support Level.
I suggest a LONG Position, good Risk:Reward Ration too.
Please:
1. Advise if the chart analysis communicates
2. If the lines are drawn correctly
3. Whether that pattern really is Falling Wedge
4. Your overall thought on my analysis.
I would appreciate it, great weekend traders.