USDZAR - Potential trade entry developing w/ excellent R/R

This is early. UZ consolidating. At resistance point. A buy entry could develop. If it does, it will have an excellent Risk/Reward ratio.
M:
Last completed candle is bull bar with bearish wick. New higher high compared to 11/2017. Not actionable trade information.
W:
Last completed candle is strong bearish. Bull trend still intact, a;though its showing signs of losing strength.
D:
Looking oversold, but also at a resistance point. Mid-term down trend that started early September is still intact.
M:
Last completed candle is bull bar with bearish wick. New higher high compared to 11/2017. Not actionable trade information.
W:
Last completed candle is strong bearish. Bull trend still intact, a;though its showing signs of losing strength.
D:
Looking oversold, but also at a resistance point. Mid-term down trend that started early September is still intact.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.