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tomatoh

Sell opportunity

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
tomatoh  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Wave Analysis
3
2
trendanalysis waveanalysis
USDZAR has broken a major downtrend in around July. However I believe we are still in wave 3 of the correction wave. We are also into possibility of a sideway trend, or at best looking for a converging triangle.
Another major rejection at the support will confirm the start of the uptrend.
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