ZARJPY is in bearish trend within a LT (bullish) falling wedge reversal pattern. I do not think it is ready to break higher and I expect another large leg lower to retest the bottom of the wedge. Currently near resistance, it offers a great Risk Reward Ratio for a short.
Well; this pair is the only pair I can trade right now (which is more than likely a good thing). The most difficult thing about this pair is the wide spread.....going short....i mark my chart on the Japanese candle then switch to heiken ashi to see when to exit.
I am looking to position myself for positive gold moves, and inflation threads. I belive this way FX_IDC:ZARJPY we can get very good reward and less risk than trading directly gold or silver. Investors are not fully discounting this instrument as there are political problems in Africa.