Weshareio

USDZAR Price Starts To Rally

Long
FX_IDC:USDZAR   Dollaro / Rand Sudafricano
Price has been trading bearish for a while now this is a potential corrective A-B-C Zig-Zag move. The wave (C) is a possible Ending Contracting Diagonal Pattern. The wave sure seems very short and may not be complete as of yet. We know from a Zig-Zag pattern that waves A and C are often equal so we do have to keep in mind that we could still possibly see a sell-off this would be a Leading Diagonal but not Ending, but for the most part, we definitely are bullish.
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