peterbokma

USDZAR-NEUTRAL SELL strategy 4-hourly chart

FX:USDZAR   U.S. Dollar / South African Rand
The pair has made its movement south, and we are stalling around mid range regression channel. We also are moving within a small downward channel, and resistance is around 18.9650 (est.) For now, take back shorts, or lower SL to 18.9950. The chances are still we see lower 18.8000 is my view.

Strategy SELL @ 18.9350 and place SL above 18.9950 and profit level @ 18.8150.

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