FX:USDZAR   U.S. Dollar / South African Rand
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3
Price has retraced to the 50% fibo level of the range Feb 2012 - Jan 2016 at 12.55 area.
This area is also a support area dating back to June 2015.
Daily Pin Bar formed yesterday, indicating a possible reversal.
Confirmation when yesterday's high was broken by today's bar.
Trade closed: stop reached

Comments

im looking at a 61.8% trend reversal at around the 12.35 level.
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supertwincam timgrobler
@timgrobler, That would be a great level for a long, if the current support don't hold. Some strong buying this morning.
Reply
supertwincam timgrobler
@timgrobler, Spot-on.
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