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Oct 20, 2014 8:53 PM

USDZAR(4H) Short

U.S. Dollar/South African RandFXCM

Description

USDZAR(4H)

27/2/2012 uptrend_line.
Potential Elliot Wave 5 and ABC correction. 50% retracement.
50-200 sma Squeeze. Triangle failed brake_out.
Interesting Symmetric Mirroring Consolidation Square range(9 and 9 days apart).
Time may run out.
RSI, MACD bearish , rolled Over.
Rounding Top potential.
potential reversion to 2012 uptrend_line.

Target_1 : 10.96144
Target_2 : 10.86943
Target_3 : 10.800


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