Dollar / Rand: Potential Running Correction
The 240 min chart has a potential RC and should this be the case we would be headed for a quick move to R14.88 - R15.19.
I would look to buy this chart on a pullback to R14.34 with a stop under R14.24, giving one a 54/10 bet based on the min target level at R14.88 or but on the 240 min close over R14.50 with a stop under R14.45 and this will give one a 44/10 bet (depending on the long entry due to the 240 min close) based on the min target level at R14.88.
love these odds and hope you make a killing!
Giancarlo
I would look to buy this chart on a pullback to R14.34 with a stop under R14.24, giving one a 54/10 bet based on the min target level at R14.88 or but on the 240 min close over R14.50 with a stop under R14.45 and this will give one a 44/10 bet (depending on the long entry due to the 240 min close) based on the min target level at R14.88.
love these odds and hope you make a killing!
Giancarlo
Trade closed manually:
The potential formation has failed and we no longer favour the trade.
We are out.
We are out.