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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 Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
The pair has moved sharply lower on the back of GOLD. Now we are in the lower band with support 19.0050 area and top around 19.3000. For now am a careful buyer, since GOLD might be over done now.

Strategy BUY @ 19.0650-19.1000 and place SL below 19.0000. Profit order @ 19.2350.
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