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nmashazhu

Potential short position on the USDZAR

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
nmashazhu Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Wave Analysis
4
1
trendanalysis chartpattern waveanalysis
Price action is in an uptrend channel touching the bottoms of the channel in Jan 2019 and Jul 2019 and touching the uptrend channel tops in Dec 2018, Jun 2019 and now Aug 2019. Overall pattern is in the form of inverted head and shoulders. We expect potential retracement in the 15.3/15.6 area for a move to the downside. Dont miss the move !!!. Good luck
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Trade running
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