USDZAR Long opportunity

Hey hey!!

We are seeing a very nice Long setup on USDZAR. Let's go straight into the reasons why I believe this can be a really good opportunity :

1) Price broke the downtrend trend line a few days ago and has remained above it
2) The pair broke through MA 100 and 200 and not only that but it has found support right at the 100 MA
3) Doji forming at the 100 MA and bullish candle the next day
4) Price found support at the support area where we have seen the price bounce from several times in the past
5) After a strong bull run we have had a very nice pullback to the support area and 100 MA what gave the pair some breathing room
6) Institutional traders have become active in the last few days ( we see that from an increase in red colour in our first indicator )
7) MACD remains bullish and gaining strength

We have 7 reasons ( more if I put up some other confirmation indicators ) to go long. It is a beautiful setup. Is it 100% the price will continue rising? Of course not! Price could reverse at any time but odds are in our favour and that is what we are looking for when entering a trade.

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