peterbokma

USDZAR-BUY strategy 4-hourly chart

Long
FX:USDZAR   U.S. Dollar / South African Rand
I had yesterday completely wrong, and it was because I felt GOLD should move lower, and it did not. It will of course move towards $ 2,100 over time, but not as yet as it has been holding its ground.

The pair was stationed within the triangle, and the idea of moving higher, for later SELL did not happen. It happens and its a part of trading.

Now we have a lower stochastic, and perhaps it has some room lower, but somewhere we will turn up.

Strategy BUY @ 18.9650-19.0200 and place SL below 19.9050 and profit order @ 19.3575 for now.

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