Dollar / Rand: Potential Running CorrectionThe 240 min chart has a potential RC and should this be the case we would be headed for a quick move to R14.88 - R15.19.
I would look to buy this chart on a pullback to R14.34 with a stop under R14.24, giving one a 54/10 bet based on the min target level at R14.88 or but on the 240 min close over R14.50 with a stop under R14.45 and this will give one a 44/10 bet (depending on the long entry due to the 240 min close) based on the min target level at R14.88.
love these odds and hope you make a killing!
Giancarlo
ZAR
"UsdZar: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline.
- Price is above the Support Zone.
- Price is developing a Correction.
- If price breaks the Correction and the Support Zone, it has potential to continue its down move towards the Support Zone.
Weekly Vision:
Daily Vision:
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Anticipating a bounce on ABSAJSE:ABG is trading at quite a strong support level. If it fails to break through and bounces off support, I will consider entering a long position. The stochastic also looks like it is gearing up for a turn.
Alternatively, if it breaks through support and forms lower lows, we could be looking at a short position.






















