Get started
TomKirk

USDZAR Long

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
TomKirk Updated   
FX:USDZAR   U.S. Dollar / South African Rand
Trend Analysis Chart Patterns Head and Shoulders
3
0
trendanalysis chartpattern headandshoulders
-12 Week horizontal, H&S pattern
-Weekly Bollinger bands contracting after rapid expansion
-Upper bounds of daily Bollinger band aligning with neckline

Will risk 30 basis points on daily break and close of neckline
Trade active:
Long 30 basis points @ 12.2074
Stop @ 12.07085
Comment:
Stop moved 12.14765 below horizontal boundary
Comment:
Stop moved to break even
Comment:
Cancelled TP order @ 12.7877 and opted for an alert instead
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.