Forex charts dailyfx - South African Rand Resumes Weakening Trend
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It has broken up the bearish trend with power.
How you can trade on this chart. It is forming correction on lower time frame watch that to complete and buy on breakout.
Wait for the price forex charts dailyfx retest the bottom and buy it from recent bottom. HI there, We were watching price action last week for sell on the USDCAD but it was forming lower time frame correction and was keep pushing for upside.
It is still in the short term correction which can break up and can form one more short term bullish wave. Watch dallyfx look for sell.
Watch for the stronger sell from top and join the forex charts dailyfx after having correction on lower time frame. In case price clearly close above the Watch top for reversal.
It is forming correction on lower time frame watch for that correction to complete and then look for breakdown and look forex charts dailyfx sell. Simply wait for the price to test the top again and look for My personal bias for this pair is the bears is still in control.
All information given inside the chart and i shared this for educational purpose only.
Description:Mar 26, - The downside breakout scenario on the South Africa 40 Cash Index has manifested, as marked with the red arrow on the chart. The bearish.