FX_IDC:USDZAR   U.S. DOLLAR / SOUTH AFRICAN RAND
113 0 18
Interesting 1-2-3 Setup. The midterm downtrend is full intact. Today the Pair has reached the upper edge of this trend.
Swing Trader would prefer a short Position at the actual Level, with SL based near the last High, the last "3". This is the risky Setup.
A risk reduced Setup is the caclical shortposition, which can be opende, when we trade below the last LOW, the last "2" at 14.1. The preferred sl should also installed near the last "3" to be consistent with the 1-2-3 trading pattern (for further Information have a look at: )

Long Position can be opened, when the Pair is trading above the last "3", TP would be the last longterm High at 17.0

Good luck!
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out