Trade idea - USDZAR Long

4H

After missing out on 2 perfect trades on USDZAR, i'm trying to get involved in this new opportunity.

Corrective approach towards entry zone.

= Buy limit.

1.5% risk.

Aiming to take full profit at Daily TP.
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MONTHLY

Double bottom pattern potentially in play.

Clear support & resistance zone is there.

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WEEKLY

Clear support & resistance zone is there.

Selling zone can also be active from Weekly perspective, keep in mind.

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DAILY

Missed out on an opportunity to get involved in a Long position twice!

Bullish impulse / new HH: indication.

Bullish M pattern: confirmation.

Clear support & resistance zone is there.

Ascending trend line holding up the price.

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Chart PatternscurrencyexoticsForexfxtraderfxtradingpatternspatternsandstructurestructureSupport and ResistanceTrend AnalysisUSDZAR

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