USDZAR setting up for a possible short

13 בנוב׳ 2018

USDZAR

Ah, I have been watching this pair for a couple of days and it looks like we may just have a possible short setting up.

* Price is currently in a down trend in the bigger picture
* Hanging man (hammer at resistance) candle completed (sell signal)
* Bearish candle currently printing (needs to close bearish for confirmation of sell signal)

Should this move play out we could see price hitting the 13.85 level and possibly lower

Essentially a sell stop under the hanging man and confirmation candle can provide an ideal entry.