USD/ZAR Trading Analysis (20/01/2025)
The trend is ascending. The currency pair is trading in a range between 365 and 135 ЕМАs on the H1 timeframe. The downtrend wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 18.6650.
- Price targets at 18.9420 and 19.2000.
#usdzar #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
