Refer to the monthly chart. I'm looking at a "B" wave. 1-4hr divergent looking like sell. I just wanted to point out that Eur/Zar
could do one more up for an ending diagonal
, which would take it to the 1.236 extension. If it did that, for risk purposes, I think that would be a better level to look for the swing. It is coming off the 27 percent extension of 1st wave along with equal length right now. It can come down from here, but protect any profits and be careful until we actually get a reversal..