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BlacksmithShinobi

USDZAR Triple bottom buying opportunity

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
BlacksmithShinobi  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns USDZAR usdzarlong Forex forextrading forexanalysis forexforecast triplebottom
9
0
trendanalysis chartpattern usdzar usdzarlong forex forextrading forexanalysis forexforecast triplebottom
Anyone who has studied chart anatomy will recognise this trading setup, no surprises here. Prices trade within the range three times (We are heading to or are already on our third bottom, preventing future declines. Will the USDZAR price descend below these prices in the foreseeable future? I don't think so, at-least not in a long time.

Am I saying you should buy the USD?? No, I'm saying DYOR.

Confidence level 8/10

Please like and comment your thoughts. Interested to know what you think about this idea.

Goodluck!
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