Bullish Gartley Forming on USD/ZAR Daily

Long

U.S. Dollar / South African Rand (FX:USDZAR)

Updated

FX:USDZAR U.S. Dollar / South African Rand

Fib retracements are lining up pretty well for a Gartley pattern. Stochastics are approaching oversold and PRZ also is in the area of the bottom Bollenger band and bottom of the cloud. I am currently short this pair and will be looking for an exit around the PRZ and potentially a long entry.

Trade closed: target reached:

I'm out.

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