USD/ZAR KEY ZONE STUDY - read contents

2020-01-09 20:59:02

I know many of you like active updates from me on this pair. By tuning into these additional sources below you will find more updates on a regular basis.
If you missed my USD/ZAR 2020 Market Outlook webinar you can view it here at http://www.celestefrederick.com/webinarreplay In this video I gave a market outlook for the year and discussed what we can expect. We also did technical analysis and reviewed my outlook on price overall. My website has FREE videos and replays of price action trading and 2020 USD/ZAR. You can also sign up for mentoring sessions. Please be sure to follow me on Instagram at https://www.instagram.com/celeste.frederick/ and on Facebook at Frederick Legacy Wealth Builders at https://www.facebook.com/FrederickLegacyWealthBuilders/



NOW TO THE CHARTS
This study is for demonstration and study purposes and does not constitute a signal. Price is currently sitting within two key zones. Key support happens to be the 61.8% fib level. Meaning price had a bullish impulsive movement and has retraced to the golden zone of 61.8%. If we continue to get bullish momentum past this zone, I would look for take profit zones as noted. It would be a good idea to WATCH and see how today's candle closes and observe if price is staying above key support. Please note the notes on the chart as given. If you take this or any idea please use proper risk management. Trade at your own risk.