Toerezxer
Long

[1.5 r=1/20] Retesting the .5 lower median parallel

FX:USDZAR   U.S. Dollar / South African Rand
15 0 1
Modified Schiff pitchfork has been a good accompany of the uptrend in effect. In the latest leg down, as the price got closer to the .5 lower median parallel, there seemed to be a significant loss of strength in the selling power. Although this is the case, the next big move might be to the downside as well. Either side would provide a good opportunity if the level the price is in at the moment is watched closely.
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