It was written in the charts.
The USD ZAR formed the Symmetrical Triangle on the daily.
The price consolidated and squeezed until it reached the Apex.
Then because the prior trend was up, the breakout was up and lead to a continuation in the trend.
The price then went to a dire R19.80!
Let's hope it forms a Buy Side Liquidity order block for Smart Money to sell into and bring the price back down.
But with what is going on with South Africa coalescing with Russia and with Eskom's issues, the confidence rate is dropping hard...
Sorry South Africa. The most beautiful country with amazing people and the government is messing it up!
The USD ZAR formed the Symmetrical Triangle on the daily.
The price consolidated and squeezed until it reached the Apex.
Then because the prior trend was up, the breakout was up and lead to a continuation in the trend.
The price then went to a dire R19.80!
Let's hope it forms a Buy Side Liquidity order block for Smart Money to sell into and bring the price back down.
But with what is going on with South Africa coalescing with Russia and with Eskom's issues, the confidence rate is dropping hard...
Sorry South Africa. The most beautiful country with amazing people and the government is messing it up!
✅ Facebook:
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🌐Website:
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)