Unit could test fibonacci level at 12.68 or even lower at 12.31, then I will buy and hold for bullish trend reversal possible up to 13.7 area. High Profit/Risk ratio on this unit once it starts reversal.
Motivation: Despite economic recession, Moody downgrade, political turmoil, ZAR has been strengthening. However, the longer-term effects of the economic downgrades will become evident. The unit is expected to trade at 13.72 at the end of Q2/17. The USDZAR is undervalued at the moment.
액티브 트레이드
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Short term traders can close now. Longer term traders can watch to see if USDZAR drops through 12.75. If indeed it break the support, I would close my trade and reenter when the unit hits a low again.
거래청산: 타겟 닿음
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Well, the rand didn't break the support, and long-term traders were rewarded handsomely for it! Hope my chart did help!