EURZAR Weekly Short

2023년 3월 24일

I drew this pattern a few weeks ago and it's good to see that price has conformed to the pattern. Being a pattern found on the weekly timeframe this level can get tested a couple of time over a number of weeks. The most ideal thing to do is to catch the trade on lower time frames fist analysing the D1. You are basically looking for signs of price divergence over a long period of time. Because this is a very volatile pair, you might see an initial moving away fron the peak and thena violent stop hunt towards the peak just to stop out premature entries and to induce buy entries before the final Downtrend begins. Take care.