Catch a Possible Short Run - USD/ZAR

All kinds of heads and shoulders .Check out the head and shoulders we just completed (link below) that gave us close to 700 pips. This is another possible inverse head and shoulders on a shorter time frame, a short bear run for a couple of hundred of pips. If this occurs looking at retrace to 50% or 61.8% fib level. Price is also contained in an ascending channel. Please note this is for kicks only and is not my usual swing trade idea. I like the longer swing trades. In this case I'm looking at price action and the retracement; this is a possibility. We would still need to monitor price action around key levels in the market and candlestick analysis on the higher time frames. This is not a signal.

Dagangan ditutup: sasaran tercapai:

Right shoulder completed! Target reached.