MR_US30_ZAR

MR_US30_ZAR

Bullish due to elections in South Africa coming up zar should lose strength fundermentally

MR_US30_ZAR

Still focused on wave 5 there is a bit of consolidation happening but direction is still bearish

MR_US30_ZAR

Elliots wave used to analyse and all jpy pairs considered and cxy

MR_US30_ZAR

USD weakeness gbp and eur are anti dollar so both are strong now.

MR_US30_ZAR

We have completed 5 wave down move Now we on correction

MR_US30_ZAR

Wave 5 for sell we continue with trend for final wave USD strength for week so makes sense to sell.

MR_US30_ZAR

Im going short Because 1) We are at a 61.8 level which is a good continuation level using the fib tool. 2)As per Elliots wave we move 5 waves and we on 2 going to 3. 3)as per the trendlines in red we are on resistance going to Support 4) all stock are at an all time high and are not showing bearish momentum.