Art-of-FX

Long opportunity arising in USDZAR

FX:USDZAR   U.S. Dollar/South African Rand
57 9 2
Really watching the USD/ZAR             at the moment. Soon to be shaping up for a nice long. Will look for an opportunity at the first bullish hourly candle, I will also be watching for an overthrow of the falling wedge formation and the ascending trend line bounce. Also a great support area .. 11.85 area will be my first target.
First target hit
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AgentSmith Art-of-FX
Hmm good call, nice daily candle forming. Still don't like it though, dunno why
+1 Reply
Art-of-FX PRO AgentSmith
:) Im out of it. Prolly some upside left but need no more.
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Working out so far
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Gino Art-of-FX
At which candle did you enter?????
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soon as it left support area i got long
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Hey Brian, nice view. Not too keen on entering on a fourth test of support. My charts are telling me 11.5 is a stronger area of support but let's see. Good luck!

Expecting some chop here on dollar/rand
Reply
Art-of-FX PRO AgentSmith
Yea ill be watching for a candle confirmation of some sort before I pull the trigger. Will update when I hop in. Have a good one mate!
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Gino AgentSmith
If 11.50 fails, 11.30's is an entry for me.
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