FOREXCOM:USDZAR   U.S. Dollar / South African Rand
USD/ZAR bounced off the 61.8% fib on the weekly chart. Possible head and shoulders , pattern is forming, with price extending to 61.8% fib level on the daily chart in the short term. Also the economic and political conditions in South America forecast a deterioration of the Rand, and a turn to the USD for safety. This trade is for demonstration and educational purposes. Trade at your own risk.
TP 1: 14.82921
TP2: 15.03469
Oct 04
Trade active: TP1 Hit!
Oct 09
Trade closed: target reached: TP2 Hit!
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Going down soon?
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@Vesla, I believe we will see a retracement followed by another bull run.
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Vesla mrsceleste
@mrsceleste, Bravo!!!! Pls post your future predictions for this pair when you can see them as clearly xxx
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