M_KAY

USDZAR SHORT TERM BUY IDEA.

Long
FX:USDZAR   U.S. Dollar / South African Rand
1.THE PRICE BROKE OUT OF THE RANGE RECTANGLE AND BROKE KEY LEVEL 3 WHILE BEING SUPPORTED BY THE TREND LINE. LOOKING FOR A LONG TRADE AT THE BREAK OF THE TRIANGLE BASE WITH TP AROUND KEY LEVEL NUMBER 2.

2. IF POINT 1 HOLDS, THE PRICE IS LIKELY TO BOUNCE FROM KEY LEVEL NUMBER 2 AND THIS COULD CREATE AN OPPORTUNITY TO SELL.

PLEASE LIKE MY IDEA IF YOU AGREE WITH IT. ALSO FEEL FREE TO COMMENT AND SHARE YOUR IDEAS.

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