Exotic USDZAR buy
Price is now at a monthly level. I usually take this to mean a strong reversal is imminent. Reactions from monthly levels can be traded intra day for short term gains or even held for a few days. Price is at a sweet spot between the 61.8 and 78.6 fib levels and the bearish market structure has been broken significantly. Looking to enter about now and target the 14.72817 level.
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.