USD/ZAR Bounce or Break - Please Read Contents

This chart is for study and education purposes, and in no wise constitutes a signal. We must watch price action before considering a position to take. Will price bounce or break off this key level in the market? As of now it appears that it is re-testing this key zone to make possible further movement up. If you look also at the noted key support, it appears we may have a double bottom , where price tested the low twice, and is not yet ready to break beyond this point, at least at the present time. Hence I have this noted as a long; however, it all depends on how price action plays out at these key zones. However, this must be confirmed by watching how price reacts to the key zones as noted. IF price buys, I would look for it to buy to the zone as noted, which also would close the market open gap for earlier this week. If you enter this as a trade, you do so at your own risk. Always use proper risk management with all trades. Please refer to my educational post linked below to aid in study. I now offer individual or group mentoring outside of the educational platform to which I belong.. Please inbox if interested.