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.
Here's what I got:
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Thanx for your view Mr.Jolly. Good one.
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Done TP
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Buy Stop Order Triggered.
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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
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Naked_Trader JulianWilson
Thnx mate for your view. I've spied that H&S. I will cancel my stop order if the TL breaks.
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