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peterbokma

USDZAR-SELL strategy 4-Hourly

Short
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Technical Indicators
3
0
trendanalysis chartpattern indicator
The pair has moved higher more than wished for. GOLD has retreated further, and for that reason pair was affected.

I have not changed my view, as we are still in a continuation down trend channel, and we have resistance @ 18.6700 and support 18.4900 now (rounded). the stochastic is negative slightly.

Strategy SELL @ 18.5500-18.6150 and place SL above 18.6900. Profit order @ 18.2750.

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