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ProfessorGenki

Bull in a bear's clothing USD/ZAR

U.S. Dollar / South African Rand (OANDA:USDZAR)  
ProfessorGenki Updated   
OANDA:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Bullish Patterns Bearish Patterns Forex USDZAR LONG short
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trendanalysis bullish bearish forex usdzar long short
Price hasn't reached Fibo 38,2 which is a strong Support. However, I am long bias at least for some day currently. Monday should close above the Friday-Candle to form an Inverted Hammer to confirm a possible bullish move to at least Fibo 23,6 and possibly reach the Trendline (if it's still higher than Fibo 23,6). I personally still think a saver bet would be a short if the price is around the next Lower High. Reshuffle at Fibo 38,2.
Order cancelled:
Didn't trade because of poor confirmation of a possible bullish move. Turned out to be a good idea to leave USD/ZAR atm.
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