chris.cellura
Long

EURZAR Long - Sniffing out the trend change before the crowd!

OANDA:EURZAR   EUR/ZAR
See callout bubbles. The EUR is looking very strong across the board. For the last few weeks, on higher time frame charts, the price has been just hovering in areas where we could see a little jump in price. Let's hone in on a little level on a smaller time-frame chart and find that spot to jump in early before price really begin to rip upwards...

Always measure your risk and be okay with being wrong ; )
Comment: Price came close to entry but did not trigger and is starting to move away. for this one, I am moving the entry down lower to 14.80 as price action is suggesting that it could chop lower. Stop-loss should encompass the recent low around 14.58.

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