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peterbokma

USDZAR-BUY strategy 4-hourly chart

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Gann
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trendanalysis chartpattern gann
It feels the tide is turning, and this negates the previous update with SELL idea in the 18.7150-18.7800 area. Now I feel we should be expecting higher levels, as we have broken GANN resistance 18.7800 area and a slightly positive stochastic. Gold lower also helps to see higher levels. Once we have reached higher, we start SELL again. Now a moment of BUY is my recommendation.

Strategy BUY @ 18.7600 - 18.7800 and place SL below 18.6800 and take profit @ 18.9700.
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