Get started
Marko618

USD/ZAR Short

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
Marko618 Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
USD/ZAR is currenlty in a bear flag and could break on positive political news in South Africa. First target 11.80, a long term 50% fib retracement. Next target 10.50 long term 61.8% retracement..
Trade active:
Trade activated.

Looks like Zuma will be out soon... Should support ZAR
Comment:
perfect start
Comment:
Now is a good time to add to position, or enter if you haven't yet. Its trading at 21.21, previous support now resistance on Friday 19/01/2017
Comment:
First target reached. Taking half of position off and moving stop loss to break even and holding for second target. HoooHaaa!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.