USD/ZAR Short

USD/ZAR is currenlty in a bear flag and could break on positive political news in South Africa. First target 11.80, a long term 50% fib retracement. Next target 10.50 long term 61.8% retracement..

Trade active

Trade activated.

Looks like Zuma will be out soon... Should support ZAR

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perfect start

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Now is a good time to add to position, or enter if you haven't yet. Its trading at 21.21, previous support now resistance on Friday 19/01/2017

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First target reached. Taking half of position off and moving stop loss to break even and holding for second target. HoooHaaa!

Marko618

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