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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 Technical Indicators
2
0
trendanalysis chartpattern indicator
Even though the pair may descend later again, the current state is attempting higher levels. I feel we may see 19.10-19.15 area before we will see lower levels.

I would prefer with a positive stochastic, and also the room we have higher, to BUY instead.

Strategy BUY @ 18.9650-19.0000 and place SL below 18.8350 and take profit @ 19.1250 for now.
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