Wait for price to break below 12.87 to long #USDZAR

Before going higher USDZAR may likely break below April's low at 12.87.


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Comment:

We got the 12.87 level broken as anticipated. Now I will wait for up candle to close above 12.945 for my entry.

Comment:

Getting close for price to close above 12.945 to confirm the reversal and for the impulse move to show up.

Trade active

Comment:

The down move is to shake out longs, so don't be discouraged. I will add more positions when candlestick closes above the horizontal line.