EUR/ZAR Long-Term Trend: Bullish
Key Resistance Levels: 17.97933, 18.08528, 18.26626.
Key Support Levels: 17.66042, 17.43662, 17.16061.
The price on the higher time frame found support around the 16.65794 ZAR mark where a fakeout has been left below the support. The market rebounded and is expected to continue its upward movement toward the next key resistance level.
EUR/ZAR Medium-Term Trend: Bullish
On the lower time frame, the market managed to break the Wyckoff accumulation phase to the upside. This accumulation represents the fakeout on the Lower time frame. a lower correction could be seen to the bespoke support before a new upward movement toward the target profits.
Buy Limit Order @ 17.66659
TP 1 @ 17.96412
TP 2 @ 18.08528
Stop Loss @ 17.51827
Trade Safely 🙂