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peterbokma

USDZAR-BUY strategy 4-Hourly chart

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators
5
0
trendanalysis chartpattern indicator
Considering that NOKZAR is too low, and the pair is within a triangle pattern with positive stochastic, chances are that the pair will be pulled upwards by USDNOK. The current USDNOK @ 11.15 translate to a USDZAR 19.3000 for correction upwards following NOK.

Strategy BUY @ 19.0000-19.0500 and take profit above 19.3000. SL below 18.8650 for now.
Comment:
SL could be adjusted to 19.1350 (and remain in profit). Profit objective unchanged.

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NOKZAR-BUY strategy 4-Hourly chart
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