peterbokma

USDZAR-SELL strategy 4-hourly

Short
FX:USDZAR   U.S. Dollar / South African Rand
The pair made further highs and it did not change my overall viewpoint.
We are overextended short-term and pullback is expected.

Strategy SELL @ 18.4500-18.4900 and take profit around 18.2350 now. SL is up to the risk appetite, but feel @ 18.5950 a possibility, but noting it would still be a SELL up there. Of course we need to be financial management profits and losses.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.