Craig_Claussen

EURZAR BULLS OUT OF FUEL??

Short
OANDA:EURZAR   EUR/ZAR
Using multiple MA formulas to find weaknesses in trends. Slowing them down paints a much better picture for you.

Using
Detrended price oscillator
SMI
Ultimate Oscillator
Chaikin money flow
Slow Stochastic
Slow volume oscillator


Use faster charts with same concent to scalp


If uncertain about 1 indicator alerting of cross, wait for 1,2, or 3 more alert of cross as well. = More coservative entry


Trade closed: target reached:
First Take profit Short 17.19
Cover = 16.98

1.22%
Comment:
Comment:
Comment:
Backing off due to rise in DXY

USD/ZAR positive correlation to eurzar.
Dollar rise bad for eurzar as well.
Trade active:
Entered at 17.186
Comment:
Trade closed: target reached:
Trail stop trigger at 17.048
= 1380 pips !

roughly 4500 pips in one week

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