When an idea jumps off a tha screen
Hi please find a bullish interpretation of the USD ZAR market place.
The strong automatic reaction of the 12.5000 level in March 2017 is a clue that buying interests came in.
The drop below 12.5000 in january 2018 has cycled back and here we are to day back at 12.5000 looks to me like a major bear trap/ manipulation by strong hands.
The route to higher prices from here Could be challenging. The left shoulder of a potential Hand S presented in the chart could take months to form.
Certainly any move above the 12.5000 will involve a demand testing process.
The strong automatic reaction of the 12.5000 level in March 2017 is a clue that buying interests came in.
The drop below 12.5000 in january 2018 has cycled back and here we are to day back at 12.5000 looks to me like a major bear trap/ manipulation by strong hands.
The route to higher prices from here Could be challenging. The left shoulder of a potential Hand S presented in the chart could take months to form.
Certainly any move above the 12.5000 will involve a demand testing process.