USDZAR - Watching/waiting for a potential long entry

14 Kas 2017

Long-term trend up followed by significant retracement (almost 50%). Consolidation pattern followed by clear breakout for trend continuation.

At strong resistance area. A pull back could be a good long-term buy opportunity.

I have never traded this pair, but the chart looks interesting.


1M:

1W:

1D:

16 Kas 2017

Not

Currently pulling back as expected. Watching price action, especially as it approaches ~14 support area.