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AK2715

USDZAR Head & Shoulders Analysis

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
AK2715  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis USDZAR southafrica southafricanrand short shortsetup longterm Forex Technical Analysis
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trendanalysis usdzar southafrica southafricanrand short shortsetup longterm forex technicalanalysis
USDZAR appears to have reversed after a double top formed on former Weekly major resistance level and successfully broke the double top neck line. What to look for: Break, retest and a bearish confirmation pattern to go short.

Projected TAKE PROFIT level: Pink line.

Red arrows > Show strong seller potential.

Where can we see the Head & Shoulders pattern: H4 & H1 timeframe.
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