Hey traders, this is Rogue_Trader007. USDZAR has been my top entry since July and sorry I'm sharing this late.
Strong support level at 0.786 Fib level, which is also a hidden Divergence when combined with 14 period RSI. There's also a Bullish Engulfment candle stick pattern right on the .786 fib level which indicates a STRONG reversal. This makes a great entry as it usually shoot towards the 1.272 Fib level.
Making this a strong BUY.
Downside: Long Term position. You might hold for a few months.
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.