peterbokma

USDZAR-BUY strategy 4-hourly chart

Long
peterbokma Updated   
FX:USDZAR   U.S. Dollar / South African Rand
The pair has moved through the 18.7000 area and that is why we moved little further down. that is why we keep SL for such situations, and it got triggered.

Now we are still below 18.7000 and we are in low stochastic areas, suggesting we are oversold. the key is GOLD of course, and when GOLD correction idea is right, this pair will move back 19.0500 area.

Strategy BU*Y @ 18.6350-18.6550 and place SL below 18.5750 for now. Profit order @ 18.9450 for now.
Comment:
SL adjusted to below 18.5600 FYI

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