FX:USDZAR Safe Trades; open.spotify.com
USDZAR had formed bullish bat formation let's see how long would it run!
FX:USDZAR Safe Trades;
FX_IDC:USDZAR Safe Trades;
15th August bias was for moves to 13.60 while 13.20 held. (See Related Idea - Link Below)
- 14.00 is a significant technical level - post Brexit, Emerging Markets are relatively more attractive destinations opening the way for $/ZAR weakness into 13.00, 12.50 and 12.30 With this is mind; Buy 14.20 and 14.05 TP1 - 15.40 TP2 - 15.75 In reversal look to enter 2x short below 13.70. Targets 13.00 and 12.30 in extension