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peterbokma

NOKZAR-SELL strategy 4 Hourly

Short
NORWEGIAN KRONE / SOUTH AFRICAN RAND (FX_IDC:NOKZAR)  
peterbokma  
FX_IDC:NOKZAR   NORWEGIAN KRONE / SOUTH AFRICAN RAND
Trend Analysis Chart Patterns Gann
1
0
trendanalysis chartpattern gann
Expect some down move for this combination, which is SELL pressure on USDZAR and BUY pressure on USDNOK.

The chances are we may test 1.81 again and perhaps we may reach 1.7750 again for the cross. That is why SELL in combo @ 1.8200-1.8300 and take profit @ 1.7800 when you can.

In USD terms likely we see 10.4500 and a lower USDZAR back towards 18.3000.
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