Naked_Trader
Long

Rally may begin from here.

FX:USDZAR   U.S. Dollar/South African Rand
94 6 10
Pair reached trend line support and formed short term wammies double bottom. If I am correct the pair may stretch up to 15.80 zone.
Has come from 16.30 recently , so sure probably wise to buy around 15.10/15 , but if you look at the Rand chart longer term looks like 5 waves from 6.50 to 17.75 with blow off top in December on local news factors and then since it looks like we are building a monster Head and Shoulder formation which could signal a top is in place..... should that be the case once through 15.00 the target for the Head and shoulder are 13.90 and 12.50

Good luck
Reply
Naked_Trader JulianWilson
8 months ago
Thnx mate for your view. I've spied that H&S. I will cancel my stop order if the TL breaks.
Reply
Naked_Trader
8 months ago
Buy Stop Order Triggered.
Reply
Naked_Trader
8 months ago
Done TP
Reply
Csys
8 months ago
Here's what I got:
USDZAR: Aggressive speculation
Reply
Naked_Trader Csys
8 months ago
Thanx for your view Mr.Jolly. Good one.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out