peterbokma

USDZAR-BUY strategy 4-hourly chart

Long
FX:USDZAR   U.S. Dollar / South African Rand
I have seen the movements during my traveling, and surely it has moved lower than expected. this was due to prolonged strength in GOLD plus weakness USD.

Now we are at the lower end, and I feel still BUY is the way to go, as GOLD still is expected to move much lower towards $ 2,100.00.

Strategy BUY @ 18.1650-18.2100 and place SL below the previous lows. Profit order @ 18.4350 for now.

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