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Wolf_of_Walton

Potential Future Movement of USD/ZAR (Mid-Long Term)

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
Wolf_of_Walton  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Wave Analysis Forex USDZAR
2
0
trendanalysis chartpattern waveanalysis forex usdzar
It's a long shot but it seems that this pennant could play out nicely in the future. Just keep in mind that support could also fail during Wave C causing potential failure in the pennant pattern, but if we see a nice bounce off of the support and a break through the resistance of the pennant could see us hitting those 1-3 of those green lines as our targets. Good luck, this is just an opinion.
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