GBPZAR Massive Falling Wedge which is bad for the rand
Massive Falling Wedge has formed on the weekly...
We are near a breakout level, which we can only hope it doesn't breach.
If it breaks above R20.35, then the next target will be R25.00.
This most likely will only hit in around 2024 though so let's not be too worried just yet.
Long term analysis
We are near a breakout level, which we can only hope it doesn't breach.
If it breaks above R20.35, then the next target will be R25.00.
This most likely will only hit in around 2024 though so let's not be too worried just yet.
Long term analysis
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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