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Usdzaranalysis

USDZAR Long to continue a while longer?There is some consolidation happening around the current zone, however there has been no strong bearish rejection from the zone as yet and no worrying divergence happening at the moment. The turnaround could still happen and the turnaround line I've drawn in represents the point at which I'd close my long position (temporarily) should it be broken by the breaking rule. Otherwise I still have my sights set on R19 to the dollar. Unemployment claims happening today could affect this position so I'm watching rather carefully. Let me know what you guys think.
Long
by Papache
USDZAR At CRITICAL LEVEL (What I Will Do)USDZAR is at a critical level where the price tends to reverse on 3 occasions, will price break it or reverse? USD seems to be gaining strength this week. i will wait and see if the price can break the zone and continue on a bullish move, I will wait for the retest to confirm my entry. And if it pulls back, i will still wait for a retest to confirm my entry. All in all, personally i don't trade Mondays only if the market provides a strong opportunity that is when i consider trading Mondays. Its a new week don't get caught up in the erratic movement.
by Noblepips
3