Well what we have here is another beautiful rendition of trading based off of structure levels and trend following. Hmmm, I wrote down some notes on the chart to explain some of the technical attributes of the pair. I will be looking for a long opportunity on P/A reaching confluence of the lower boundary of the channel and the .50 Fibonacci level. With stops set below the .618 Fib Level. If the .618 Level is broken then I will sit on the sidelines and wait to see what P/A decides to do . I will also provide on here a link to the fundamental data on S.A. so you can also research into the fundamental reason of the pair being on this strong bull trend besides dollar strength.
www.tradingeconomics...th-africa/indicators
Happy Trading friends =) Cheers
www.tradingeconomics...th-africa/indicators
Happy Trading friends =) Cheers