USDZAR SELL
From the above chart we can notice that price was trending upwards strongly, however price lost its momentum and started consolidating for a while and then price started breaking previous support levels, indicating a change in momentum.
When I noticed the breaking of numerous support levels, I waited for price to retest the previous support level now turned resistance level in order to take a sell. This USDZAR Trade resulted in a 280 pips Move.
From the above chart we can notice that price was trending upwards strongly, however price lost its momentum and started consolidating for a while and then price started breaking previous support levels, indicating a change in momentum.
When I noticed the breaking of numerous support levels, I waited for price to retest the previous support level now turned resistance level in order to take a sell. This USDZAR Trade resulted in a 280 pips Move.