Despite this week profit taking on the dollar, the uptrend is still intact. I have started positioning back on dollar buys and this particular pair has stayed lower throughout most of the dollar strength, and finally the ZAR
is showing some weakness. There are a lot of confluences here. We have the holders sentiment showing life in the green as well as CCI
coming out of OS + RgMov uptrend. I will risk to a new daily low here. Lets see if we can get this one!
Also note the potential ABCD pattern
that could unfold here. Good luck. Size appropriately.
THIS IS NOT TRADING ADVICE.