peterbokma

USDZAR-SELL strategy 4-hourly chart

Short
FX:USDZAR   U.S. Dollar / South African Rand
The pair has made a wonderful climb and the daily chart suggestion worked out well as we reached that objective. Now the 4-hourly chart is starting to feel heavy on upside.
The stochastic is negative last few sessions already.

Strategy SELL @ 19.0200-19.0750 and place SL above 19.1550 for now. Profit order @ 18.8350.

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