Good day traders as you see The rand is weak and the dollar is strong due to the investment spending the south African government did,as the price is being pull we can stay alert on the reversal wedge which was formed (A,B,C and D) below the supply zone and also kindly know that the supply the reason for it's strongest it's because of 20.000 price is also a NOTE 💸In south Africa and it has value While as we can see the A and C from The reversal wedge is close to each other which makes that a Double TOP partten.And as soon as the price is at 19.737 kindly note that you can make ur entries at 19.9700 till 20.000 for a short position make sure you follow ur risk management plan and also Lookout for a proper entry while we holding till TP1 and TP2
This is not a financial advice but an idea on how to swing USDZAR for the Upcoming Months 🙂🙏As you all know me as ur mentor pee_one_rsa Open chats for Further explanation of the analysis