USD/ZAR is currenlty in a bear flag and could break on positive political news in South Africa. First target 11.80, a long term 50% fib retracement. Next target 10.50 long term 61.8% retracement..
Trade active
Trade activated. Looks like Zuma will be out soon... Should support ZAR
Note
perfect startNote
Now is a good time to add to position, or enter if you haven't yet. Its trading at 21.21, previous support now resistance on Friday 19/01/2017Note
First target reached. Taking half of position off and moving stop loss to break even and holding for second target. HoooHaaa!
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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.