mkhizesiyanda95

mkhizesiyanda95

There's a huge possibility of the usd/zar instrument reversing for a fall at the 0.786 retracement level, our profit targets can be placed at 0.618 as TP1 and TP2 at 0.236 retracement.

mkhizesiyanda95 Updated 

USDZAR is likely to further drive down to the 23 fib level....fib level 78.6 has signaled a short move with the instrument having given in to the bears at a resistance zone and pointed to a corrective wave. please engage with me if you have a different perspective or share the same sentiment.

mkhizesiyanda95

The instrument is expected to take a short dip at least to 61.8 fib retracement level which indicates a very strong support , we can expect it to further break the first support and begin it's bullish trend at 78.6 fib level. Please share your thoughts with me in the comment section if you have a different outlook. Happy trading!