- post Brexit, Emerging Markets are relatively more attractive destinations opening the way for $/ZAR weakness into 13.00, 12.50 and 12.30
With this is mind;
Buy 14.20 and 14.05
TP1 - 15.40
TP2 - 15.75
In reversal look to enter 2x short below 13.70. Targets 13.00 and 12.30 in extension
For those looking for shorts; i noticed this 5 wave after posting this setup
On the lookout for the level of the next low which should be a higher low.
Looking forward potential for 13.00 remains. Expecting 13.60 while 13.20 holds.