Long USDZAR position seems prudent here as long term trend line support should help push price action higher. Looking for a bullish move to develop here soon. This is not a Premium member trade alert.
Trade closed: target reached
Price action responded really well off of that long term trend line like we thought it would with the target level that we had expecting a bullish move.
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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.