USDZAR - 240 - Range or a double top?

Trade idea.

USDZAR had a good run to the upside, but now it started moving sideways. The pair is now ranging, which could spill into a possible double top. For now we will continue monitor the activity and wait for a clear break through one of the highlighted areas before examining a further directional move.

Please see the chart for levels and targets.

Don't forget your stop-loss.

Commentaire:

Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on YouTube.
Trader’s Espresso – 06:00 GMT
Trader’s Tea Time – 13:15 GMT