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Is pure price action enough for ZARUSD?
I've been watching $ZARUSD lately, especially with it bouncing around that 0.0610 level today, and I'm wondering if relying solely on price action for entries and exits is truly the most effective strategy for a pair like this. It seems to have these sharp, almost knee-jerk reactions that sometimes indicators could help contextualize better. Am I missing something fundamental, or is everyone else also feeling like some additional confirmation is needed to navigate these moves? Push back if you think I'm off base.
1 comments · 1 points
I'd lean towards saying pure price action might be a bit challenging with ZARUSD, especially given its sensitivity to global news and commodity prices. While price action is key, I usually find that a broader view, perhaps with some fundamental context or even just a few key indicators, helps smooth out those sharp reactions you mentioned. What indicators have you tried out so far?