Short like Danny DeVito

FX:USDZAR   U.S. Dollar / South African Rand
As we can see there is a strong resistance line on the 4h chart ( pointed out by our purple arrows ) and we also have 2 very strong trendlines formed ( pointed out with red arrows is where price has respected these )

All analysis is pointing south of the border with bears well in control, we are expecting price to continue respecting this resistance level and our trendlines , so we are in a short position at the moment.... SL and TP are reserved for our clients.

Although we are in a sell position we will be keeping a close eye on the break of these 3 important levels as a break of these could see price suddenly push higher.... and we always want to take advantage whenever we can :p


Cheers, we try to keep it fun and stand out ;p
Haha love the titles
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