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..
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Trade activated.
Looks like Zuma will be out soon... Should support ZAR
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perfect start
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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
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First target reached. Taking half of position off and moving stop loss to break even and holding for second target. HoooHaaa!