USD/ZAR Short Position
Based on the current price action of USD/ZAR, we anticipate that USD/ZAR is poised for a pullback to the 50% Fib retracement level on the 1 hour chart. With the RSI at 60, and a temporary break of the upper Bollinger Band, At a current price of R14.93 to the $, we feel that the price should pullback to around R14.66 per USD by the end of this week (Friday September 27th 2019)
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For more ideas, subscribe to our page, check us out on Instagram @liontradesa or visit our website liontrade.co.za for more information
Remember, our newest beginner course is the most affordable trading course you will ever invest in and it is now available internationally!
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