Ok so this was painful.
The W Formation neckline broke above and since then headed to the target at R22.00 a EURO!
For someone who travels to Europe a lot, it's not easy on the rands.
But since it hit the target, it turned down and hopefully will stay down for now.
We are currently at R20.34 with a first target at R20.00.
And if it breaks below that we COULD see R19.00 again.
But you'll be the first to know and I'll send the analysis.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The W Formation neckline broke above and since then headed to the target at R22.00 a EURO!
For someone who travels to Europe a lot, it's not easy on the rands.
But since it hit the target, it turned down and hopefully will stay down for now.
We are currently at R20.34 with a first target at R20.00.
And if it breaks below that we COULD see R19.00 again.
But you'll be the first to know and I'll send the analysis.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.