peterbokma

USDZAR-BUY strategy 4-hourly

Long
FX:USDZAR   U.S. Dollar / South African Rand
I cannot be a seller currently, and have not been for awhile, but have been traveling as well and observed the movements from a distance. Now back, and judging GOLD which is overbought and still should recover back to low $ 2,100s I would expect our pair to reach 18.5750 again in the near future.

It is hunting for lows, and this may remain until GOLD establishes a recovery mode.

Strategy BUY @ 18.1150 -18.1350 and take profit @ 18.3750. SL below 18.0650 for now. I prefer to keep it tight to re-enter in case.

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