albert.callisto

USDZAR - trade scenario if breakout occurs

FX:USDZAR   U.S. Dollar/South African Rand
54 0 2
The pair is currently in a compressing channel with a regular sinus wave (see period that oscillate between 22-25 bars so far) . It is too early yet to bet on what's going to happen but a breakout is one possible scenario. If this occurs during the next half-wave, we may see a price heading towards the weak part of the cloud and then objectives given by the last wave height.

So wait and monitor.
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