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