USDZAR - Short to 13.00 1st TP - 13.42 2nd TP - 13.21 3nd TP - 13.00 SL - 13.97 Sell - 13.54 or SellStop - 13.43 Good Luck. And Profits for All.
Let see how it goes, Im going against my initial thought .
Looking for break line either in up or down will follow the trend.
A nice short trade available here from current levels to target the 13.6900 level do the downside.
Look at the behavior around the resistance (blue line) and the flag
There's a possible triangle in wave iv, so bulls are going to deliver wave v of (iii)
There's an opportunity to have an extension in wave (iii)
Fundamentally Bearish ZAR, Bullish USD (see realted idea ) However, we have a rencent lower low and what looks to be a USD bearish 5th wave. Therefore, its a 13.81 sell for - TP1 13.40 - TP2 13.25 - TP3 13.00 3x reversal above 14.10 forbreakeven and profits into 14.30
After .618 correction we will see more downtrend move, support line at 13.44 - 1st target
There's an opportunity to have an extension in wave
FX:USDZAR Safe Trades; open.spotify.com
The USDZAR is forming a smaller corrective wedge within the larger correction. Seems as that everyone is waiting to see how things will develop. Within this wedge it does seem that volumes have increased and volume spikes can be seen at the bottom of the low volume pullbacks which looks imo that larger players are shedding Rands on the pullbacks and we can expect...
There's an opportunity to have an extension in wave