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VMT_Trading

USD/ZAR SELL

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
VMT_Trading  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
Market closed at key resistance level and a 61.8% Fib confluence of the initial impulsive move down.
COT report shows institutions increased their ZAR long positions week-on-week providing further confluence to take this short.
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