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smartstep78

USDZAR- INVERSE HEAD & SHOULDER +BUTTERFLY

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
smartstep78 Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Butterfly Head and Shoulders
2
0
butterflypattern headandshoulders
THIS INVERSE HEAD AND SHOULDER THAT BROKE THE NECKLINE MAY BE A GOOD CHANCE TO BUY AS IT RETRACES .
Comment:
BUUTERFLY IS BEARISH SO EXPECT A RETRACEMENT ATLEAST 0.618 OF THE RECENT RALLY. BUT THE TREND IS BULLISH AND IMPULSIVE, SO PLACE BUY LIMIT ORDER AT 0.382,0.5,0.618 FIB TAKEN FROM HEAD TO THE TOP OF RALLY AND TRADE IT TO THE NEXT TARGET WHICH MAY VERY WELL BE THE HEAD TO NECK LENGTH!!!
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