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peterbokma

USDZAR-BUY strategy 4-hourly chart

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
peterbokma  
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Technical Indicators Chart Patterns
4
4
trendanalysis indicator chartpattern
the pair is oversold, but not extreme, and stochastic is not too low as yet. However, I feel with GOLD levels, we should concentrate on GOLD movement, and its heavily overbought, hence we should look for BUY for the pair now.

Strategy BUY @ 18.4350-18.4600 and place SL below 18.3150 (I do not want SL to near now). Profit order @ 18.6850.

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peterbokma
USDZAR-BUY strategy 4-hourly chart
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