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Syedbilal

USD/ZAR - Bearish Flag

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
Syedbilal  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns
2
0
trendanalysis chartpattern
Looking at the recent price action shows us a clear bear flag formation.

- Trend = Downward
- Divergence = No Divergence found
- Pattern = Bearish Flag
- Breakout/Confirmation = Confirmed

Account Size: 10300
Risk Percentage: 1%

Amount at Risk: 103 USD
Sizing: 0.05447 Lots

Entry Point: 18.01240
Stop Loss: 18.35620
Take Profit: 17.69916
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