Wait for price to break below 12.87 to long #USDZAR

FX:USDZAR   美元/南非蘭特
183 2
Before going higher USDZAR may likely break below April's low at 12.87.

Trade outlook is about 30 days
Ramesh aka Surefire Trader, is the author of his new book "Trade Forex with Confidence"
to guide readers how to build a profitable trading system using the 10/20/30 Rule.
評論: We got the 12.87 level broken as anticipated. Now I will wait for up candle to close above 12.945 for my entry.

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

if it goes there it will complete the HS it broke now and play out to 12.77 area
@ettas2, good input and will take note. What I'm looking for is a strong reversal bar testing the 12.87 level to place my order. If no action then like you said the 12.77 is the next level. Thanks.
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