USDZAR-SELL strategy 12-hourly chart

3 בינו׳

We are overbought for the pair and we moved little lower. There is also a "M-top" (easier to see on 3-hourly) and neckline about 18.7250 and coincides with GANN support too.

Overall I feel we see 18.4350 in the week(s) to come, or sooner I guess., is my personal opinion only.

Strategy SELL @ 18.6950-18.7550 and take profit near 18.5350.