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U.S. Dollar / South African Rand
Long

USDZAR - trend continuation signals bullish bias

By Wynloots14
Updated
Following the firing of finance minister Gordhan, this pair took a leg up and broke out of the bearish channel. We see a strong impulsive move followed by consolidation. I have been waiting for a good entry and it looks like we'll get it in the next week. I am anticipating large gains from this trade. Wait for the indicators to move in your favor and enter in the reversal zone.

Disclaimer: Not financial advice, trade your own plan.

Green trades!
Comment
As clarified in the comments below, wait for a re-test of the reversal zone (bottom of wedge) before entering for high probability trade with minimal risk.
Comment
Price is moving nicely. Anticipate that this pair will reach entry territory within the next 24hrs...
Comment
Nice bullish impulse to break the wedge. If you're not in the trade yet, wait for a trend continuation pattern and go long.
usdzarlong

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