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TRADE SETUP ALERT 29/07/2021

USDZAR

On the 13th of July we mentioned a long opportunity as part of a break of a large inverted head and shoulders. For traders looking to add to that position or who might have missed the original entry, there is now another opportunity as price pulled back to support at the 4H 100 SMA. For conservative traders a move above 14.70 will signal a high probability bullish continuation to targets 15.00 and 15.50