Price recently broke out of the descending channel making W pattern at reliable support level (16.36370). As well 0.382 fib level acts as reliable support. Expecting price to grow with time.
Note
Price was re-testing new support level on W pattern, expecting price to rise..
Note
Price going as expected
Trade closed: target reached
USD/ZAR Reached our Expected Price Area
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.